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The Long Term Global Context And Its Implications On International Trade

Author

Listed:
  • FLORIN BONCIU

    (Institute for World Economy, Romanian Academy, Calea 13 Septembrie No.13, Bucharest, ROMANIA)

Abstract

The paper analyzes the long term factors of influence for international trade and includes among them: output measured by GDP as representing the supply, population as representing the demand, and a number of variables that influence supply and demand (purchasing power, institutional changes, technology, climate change, etc.). The conclusion is that the relative position of the major players in the world economy will change in the coming decades and that decision makers at macroeconomic level have to take into account all these factors of influence in order to participate in a competitive and efficient manner to the global trade flows.

Suggested Citation

  • Florin Bonciu, 2015. "The Long Term Global Context And Its Implications On International Trade," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(2), pages 52-61, November.
    • Handle: RePEc:ntu:ntugeo:vol3-iss2-15-052
    as

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    References listed on IDEAS

    as
    1. Thomas Sterner, 2015. "Higher costs of climate change," Nature, Nature, vol. 527(7577), pages 177-178, November.
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    More about this item

    Keywords

    international trade; world economy; world economic order.;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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