The International Trade in Global Economy
The intensification of the globalization of the world economy is the result of the amplification and diversification without precedent of the material, financial and human flows between the world’s states. The international commerce has known in the last period o strong expansion, almost uninterrupt...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2007-05-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: | http://www.ectap.ro/articole/220.pdf |
| _version_ | 1818130592555859968 |
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| author | Ion Botescu |
| author_facet | Ion Botescu |
| author_sort | Ion Botescu |
| collection | DOAJ |
| description | The intensification of the globalization of the world economy is the result of the amplification and diversification without precedent of the material, financial and human flows between the world’s states. The international commerce has known in the last period o strong expansion, almost uninterrupted, surpassing the industrial production growth and PIB on a world scale. Among the PIB evolution and the evolution of the world commerce there is a strong relationship of correlation, fact shown by the linear correlation coefficient. The structure on exports of country categories confirms the fact that the process of globalization has been fully completed in the world. Romania, through its achieved economic opening, has boosted its participation to the international economic trades. In this way there is a chance for Romania’s economy in the future to become more competitive, even though in the present our country faces serious problems concerning the strong deficit of the foreign trade balance. |
| first_indexed | 2024-12-11T08:07:29Z |
| format | Article |
| id | doaj.art-f4dce11b9096462fa8c1a4e48b5a7999 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 |
| language | English |
| last_indexed | 2024-12-11T08:07:29Z |
| publishDate | 2007-05-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-f4dce11b9096462fa8c1a4e48b5a79992022-12-22T01:14:57ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86782007-05-015(510)5(510)4548The International Trade in Global EconomyIon BotescuThe intensification of the globalization of the world economy is the result of the amplification and diversification without precedent of the material, financial and human flows between the world’s states. The international commerce has known in the last period o strong expansion, almost uninterrupted, surpassing the industrial production growth and PIB on a world scale. Among the PIB evolution and the evolution of the world commerce there is a strong relationship of correlation, fact shown by the linear correlation coefficient. The structure on exports of country categories confirms the fact that the process of globalization has been fully completed in the world. Romania, through its achieved economic opening, has boosted its participation to the international economic trades. In this way there is a chance for Romania’s economy in the future to become more competitive, even though in the present our country faces serious problems concerning the strong deficit of the foreign trade balance.http://www.ectap.ro/articole/220.pdfglobal economylinear correlation coefficientcompetitivenesstrade balanceeconomic opening |
| spellingShingle | Ion Botescu The International Trade in Global Economy Theoretical and Applied Economics global economy linear correlation coefficient competitiveness trade balance economic opening |
| title | The International Trade in Global Economy |
| title_full | The International Trade in Global Economy |
| title_fullStr | The International Trade in Global Economy |
| title_full_unstemmed | The International Trade in Global Economy |
| title_short | The International Trade in Global Economy |
| title_sort | international trade in global economy |
| topic | global economy linear correlation coefficient competitiveness trade balance economic opening |
| url | http://www.ectap.ro/articole/220.pdf |
| work_keys_str_mv | AT ionbotescu theinternationaltradeinglobaleconomy AT ionbotescu internationaltradeinglobaleconomy |