EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS
The expansion of global trade gained considerable force in the last decade, force that generated many transformations and changes. These transformations represent stronger improvements than expected, when compared with the preceding years, even if the trade growth remained below the average rate rec...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2013-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2013/n1/014.pdf |
| _version_ | 1818025776131342336 |
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| author | Nedelescu-Ionescu Daniela Rujan Ovidiu |
| author_facet | Nedelescu-Ionescu Daniela Rujan Ovidiu |
| author_sort | Nedelescu-Ionescu Daniela |
| collection | DOAJ |
| description | The expansion of global trade gained considerable force in the last decade, force that generated many transformations and changes. These transformations represent stronger improvements than expected, when compared with the preceding years, even if the trade growth remained below the average rate recorded in the ‘90s. Some of the improvements are supposed to be consequences of free trade areas expansion. In this sense the present paper aims to observe if the free trade agreements increased the members’ international trade and how much a stronger union perform comparing to a weaker one. It analyses the effects of total trade made by the members of the main five free trade agreements: EU, NAFTA, ASEAN, MERCOSUR, and ANDEAN PACT, between 2000 and 2010. In order to analyse the effects of the total trade made by the members of these unions, the authors used data collected from the WTO International Trade Statistics published in 2009 and 2011. For each one of the five unions was built a
distinct chart which illustrates the variation of exports and imports during the analysed period of time, as well as the trends of these operations over these years. Comparing all these charts they concluded that EU trade significantly increased as more countries joined the group, in contrast to the other groups which maintained their level along the time. Moreover they have noted a gap between the exports and imports performed by EU and the ones performed by the other unions. EU commercial exchanges were by far superior to the ones of the other areas and, in the same time, the EU trade fluctuations are broader than the ones of the other areas. Perhaps in the next period of time the commercial exchanges of UE and NAFTA will enhance with these areas whose potential has not been fully harnessed. On the other hand, creating a large common market the EU - NAFTA will most certainly constitute a guarantee for global economic stability and sustained economic growth. |
| first_indexed | 2024-12-10T04:21:29Z |
| format | Article |
| id | doaj.art-a31efcbe98fa464d96ba93f82054dc64 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-12-10T04:21:29Z |
| publishDate | 2013-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-a31efcbe98fa464d96ba93f82054dc642022-12-22T02:02:24ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502013-07-01221131138EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARSNedelescu-Ionescu Daniela0Rujan Ovidiu1Faculty of International Business, University of Economic Studies Bucharest,Faculty of International Business, University of Economic Studies BucharestThe Faculty of International Business and Economics,The Bucharest University Of Economic StudiesThe expansion of global trade gained considerable force in the last decade, force that generated many transformations and changes. These transformations represent stronger improvements than expected, when compared with the preceding years, even if the trade growth remained below the average rate recorded in the ‘90s. Some of the improvements are supposed to be consequences of free trade areas expansion. In this sense the present paper aims to observe if the free trade agreements increased the members’ international trade and how much a stronger union perform comparing to a weaker one. It analyses the effects of total trade made by the members of the main five free trade agreements: EU, NAFTA, ASEAN, MERCOSUR, and ANDEAN PACT, between 2000 and 2010. In order to analyse the effects of the total trade made by the members of these unions, the authors used data collected from the WTO International Trade Statistics published in 2009 and 2011. For each one of the five unions was built a distinct chart which illustrates the variation of exports and imports during the analysed period of time, as well as the trends of these operations over these years. Comparing all these charts they concluded that EU trade significantly increased as more countries joined the group, in contrast to the other groups which maintained their level along the time. Moreover they have noted a gap between the exports and imports performed by EU and the ones performed by the other unions. EU commercial exchanges were by far superior to the ones of the other areas and, in the same time, the EU trade fluctuations are broader than the ones of the other areas. Perhaps in the next period of time the commercial exchanges of UE and NAFTA will enhance with these areas whose potential has not been fully harnessed. On the other hand, creating a large common market the EU - NAFTA will most certainly constitute a guarantee for global economic stability and sustained economic growth.http://anale.steconomiceuoradea.ro/volume/2013/n1/014.pdfopenness to trade; free trade agreements; expansion of global trade; EU enlargement; EU advancement; |
| spellingShingle | Nedelescu-Ionescu Daniela Rujan Ovidiu EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS Annals of the University of Oradea: Economic Science openness to trade; free trade agreements; expansion of global trade; EU enlargement; EU advancement; |
| title | EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS |
| title_full | EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS |
| title_fullStr | EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS |
| title_full_unstemmed | EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS |
| title_short | EU ADVANCEMENT WITHIN THE WORLD TRADE: AN OVERVIEW OF THE LAST YEARS |
| title_sort | eu advancement within the world trade an overview of the last years |
| topic | openness to trade; free trade agreements; expansion of global trade; EU enlargement; EU advancement; |
| url | http://anale.steconomiceuoradea.ro/volume/2013/n1/014.pdf |
| work_keys_str_mv | AT nedelescuionescudaniela euadvancementwithintheworldtradeanoverviewofthelastyears AT rujanovidiu euadvancementwithintheworldtradeanoverviewofthelastyears |