INTERNATIONAL SERVICES FLOWS UNDER THE IMPACT OF THE EU-27

Gheorghe Camelia Monica and Maniu Laura Cristina
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Gheorghe Camelia Monica: Romanian-American University
Maniu Laura Cristina: Romanian-American University

Annals - Economy Series, 2013, vol. 3, 58-63

Abstract: The European Union has been severely affected by the financial crisis and by the fact that many countries have entered recession. Europe, as a region, still has the highest share in world trade in services, with more than 43.3% of exports and more than 30.7% of imports in 2011. The intern services market is less integrated than that of material goods, situation demonstrated on the one hand, by the ratio of intra-EU exports and extra-EU exports, shown by comparison for goods and services. The intern services market is not sufficiently integrated, consequence of the specific nature of services, since these activities lend themselves to a lesser extent to constitute the object of international trade.

Keywords: services; trade; export; import; economic crisis; globalization (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2013:v:3:p:58-63

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