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Impactul crizei globale asupra structurii comerţului exterior al României
[The Global Crisis Impact on Romanian Trade Structure]

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  • Georgescu, George

Abstract

Under the global crisis impact the structure of international trade flows witnessed significant changes. In the case of Romania, paradoxically for an emerging country, in terms of product composition during 2007-2010, the share of capital goods decreased in total imports and increased in total exports, while the share of intermediate goods recorded an opposite development. In terms of competitiveness, no evidence of significant changes has been found, the most important export chapters having comparative advantages connected with the processing trade operations. Obviously, Romania lacks an export strategy able to sustain the national exporters on new foreign markets and reducing the trade balance deficits.

Suggested Citation

  • Georgescu, George, 2012. "Impactul crizei globale asupra structurii comerţului exterior al României [The Global Crisis Impact on Romanian Trade Structure]," MPRA Paper 36339, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36339
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    File URL: https://mpra.ub.uni-muenchen.de/36339/1/MPRA_paper_36339.pdf
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    References listed on IDEAS

    as
    1. Escaith, Hubert & Lindenberg, Nannette & Miroudot, Sébastien, 2010. "International supply chains and trade elasticity in times of global crisis," WTO Staff Working Papers ERSD-2010-08, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. Kevin Dowd, 2009. "Moral Hazard and the Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 29(1), pages 141-166, Winter.
    3. Georgescu, George, 2007. "Current Account Deficits and Implications on Country Risk of Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(4), pages 88-96, December.
    4. Nicolas Berman, 2009. "Financial Crises and International Trade: The Long Way to Recovery," Economics Working Papers ECO2009/23, European University Institute.
    5. Mr. Abdul d Abiad & Petia Topalova & Ms. Prachi Mishra, 2011. "How Does Trade Evolve in the Aftermath of Financial Crises?," IMF Working Papers 2011/003, International Monetary Fund.
    6. Mr. Alun H. Thomas, 2009. "Financial Crises and Emerging Market Trade," IMF Staff Position Notes 2009/004, International Monetary Fund.
    7. Maurer, Andreas & Degain, Christophe, 2010. "Globalization and trade flows: What you see is not what you get!," WTO Staff Working Papers ERSD-2010-12, World Trade Organization (WTO), Economic Research and Statistics Division.
    8. Alun H. Thomas, 2009. "Financial Crises and Emerging Market Trade," IMF Staff Position Notes 2009/04, International Monetary Fund.
    9. Zaman, Gheorghe & Georgescu, George, 2011. "Sovereign risk and debt sustainability: warning levels for Romania," MPRA Paper 32924, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Zaman, Gheorghe & Georgescu, George, 2018. "Studiu retrospectiv privind comerțul exterior al României în ultimii 100 de ani [A retrospective study on Romania’s external trade in the past 100 years]," MPRA Paper 89707, University Library of Munich, Germany.

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    More about this item

    Keywords

    Global Crisis; International Trade; International Competitiveness; Processing Trade; Export Strategy;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F10 - International Economics - - Trade - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G01 - Financial Economics - - General - - - Financial Crises

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