IDEAS home Printed from https://ideas.repec.org/a/aem/wpaper/y2021i17p41-48.html
   My bibliography  Save this article

The forms of international specialization and ensuing economic flows. Case study on the cocoa products

Author

Listed:
  • Elina BENEA-POPUȘOI
  • Melisa CASAPU

Abstract

The development of the world economy is primarily determined by the process of international specialization. The production of the specialized economic branches is usually distinguished by high quality; therefore, it is demanded in the world market. Since each country specializes in the production of certain types of products and their volume exceeds the demand in the domestic market, the need to export them emerges. International specialization aims to adapt the national economic potential, the domestic economy to the requirements of the world market. Hence as result of such specialization, international trade flows take place, that strengthen the economic interdependencies between countries. The global chocolate market size was valued at USD 130.56 billion and is considerably growing. The cocoa beans are the essential ingredient for chocolate, cocoa products and a wide range of other food products. Global cocoa production is expected to reach 4.8 million tons in the 2020/2021 crop year. Lately, the price of cocoa has been well over two U.S. dollars per kilogram.

Suggested Citation

  • Elina BENEA-POPUȘOI & Melisa CASAPU, 2021. "The forms of international specialization and ensuing economic flows. Case study on the cocoa products," CSIE Working Papers, Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), issue 17, pages 41-48, June.
    • Handle: RePEc:aem:wpaper:y:2021:i:17:p:41-48
    as

    Download full text from publisher

    File URL: https://csei.ase.md/wp/files/issue17/WP_Issue17_41-48_BEN.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aem:wpaper:y:2021:i:17:p:41-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Rodica CRUDU (email available below). General contact details of provider: https://edirc.repec.org/data/acecsmd.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.