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Dynamism Of International Trade System- Present And Future

Author

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  • Luiza Loredana Nastase

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

This paper presents the current and future situation to international trade. Thus, regardless of the level at which these are achieved (national, regional or international), observed that increasing the number of parties involved is directly proportional to the number of issues arising. The value of world merchandise exports in 2013 was 18,800 billion dollars and the services of 4,600 billion (an increase of 6%). In the case of imports, they represented 18.4 trillion dollars for goods and 4.3 trillion dollars for commercial services. According to World Bank forecasts, the global economy is projected to grow by 3 percent in 2015, 3.3 percent in 2016 and 3.2 percent in 2017. These forecasts are quite changeable taking into account political tensions, financial stability, decline in oil prices and so on.

Suggested Citation

  • Luiza Loredana Nastase, 2015. "Dynamism Of International Trade System- Present And Future," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(43), pages 267-274.
    • Handle: RePEc:aio:aucsse:v:1:y:2015:i:43:p:267-274
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    File URL: http://feaa.ucv.ro/AUCSSE/0043v1-027.pdf
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    References listed on IDEAS

    as
    1. Pravin Krishna, 2013. "Preferential Trade Agreements and the World Trade System: A Multilateralist View," NBER Chapters, in: Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, pages 131-160, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    international trade system; globalization; integration; multilateralism; trade in goods; trade in services;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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