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The Features of the Romanian External Commercial Trades

Author

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  • Botescu Ion

    (Ovidius University of Constanza)

Abstract

The events of December 1989 represented the trigger which determined the future evolution of Romania from an economic and political point of view. Among the first reform measures, adopted after the fall of communism, were also those regarding Romania’s commercial policy. Being aware of the global economy’s globalization trend, Romania liberalized its external trade, fact appreciated by the EU. Actually, Romania’s main objective at that time was joining the EU. In this paper I have tried to present aspects regarding the evolution of Romania’s exports and imports in two time intervals. The first interval refers to the pre-adherence period, being marked by the country’s mistakes during the transition towards a market economy and the second interval refers to the post-adherence period, marked by the rules imposed by the EU and the effects of the global financial crisis.

Suggested Citation

  • Botescu Ion, 2012. "The Features of the Romanian External Commercial Trades," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 10-14, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:10-14
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    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p2v2.pdf
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    More about this item

    Keywords

    export; import; trade balance; commercial policy; EU adherence;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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