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The External Trade of Romania: Evolution Trends

Author

Listed:
  • Botescu Ion

    („Ovidius†University of Constanta)

Abstract
In most cases there is a direct link between the economic development and the foreign trade of a country. Over time, Romania has not been an exception to this rule. Engaged in the capitalist mechanism both in the interwar period and in the period elapsed since 1990, Romania has been held between the interests of foreign capitalism and the decisions of a political class that did not always rise to the level of the times when it exercised its power. On top of these, a series of negative impact events such as wars or crises have overlapped. Despite all the investment efforts made, the impact of Romania’s economic development on foreign trade was limited during the socialist era. As regards the volume of foreign trade, the trade balance, the structure of exports and imports, the value of exports per capita, Romania’s evolution was generally modest. Practically, with some exceptions, Romania’s involvement in international trade was below the economic potential of our country throughout the analyzed period.

Suggested Citation

  • Botescu Ion, 2017. "The External Trade of Romania: Evolution Trends," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 2-7, December.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:2-7
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20I/1.pdf
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    Citations

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    Cited by:

    1. Camil-George Stoenescu, 2018. "Romania during the Interwar Period: an Economic Approach," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(70), pages 80-93, December.

    More about this item

    Keywords

    export; import; trade balance; crisis;
    All these keywords.

    JEL classification:

    • F19 - International Economics - - Trade - - - Other

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