Importance of the European Union in the International Trade in Goods

Mihãilescu Mariana (), Culiþã Gica Gerghina () and Popa Lucia Ramona ()
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Mihãilescu Mariana: “Constantin Brâncoveanu” University from Piteºti Faculty of Management-Marketing in Economic Affairs, Brãila
Culiþã Gica Gerghina: “Constantin Brâncoveanu” University from Piteºti Faculty of Management-Marketing in Economic Affairs, Brãila
Popa Lucia Ramona: “Constantin Brâncoveanu” University from Piteºti Faculty of Management-Marketing in Economic Affairs, Brãila

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 187-190

Abstract: One of the areas on which the global financial and economic crisis has strongly left its mark is the international trade in goods. In this context, the participation of the European Union in the international trade in the recent years has deeply declined and the prospects for the trade recovery of this group are not favorable. The maintenance of some risk factors in the world economy is the basis of the pessimistic forecasts. This paper reflects the evolution of the export and import flows of the European Union since the years leading up to the present economic crisis as well as the factors that contributed to the decrease of the EU trade competitiveness.

Keywords: European Union exports; European Union imports; sovereign debt crisis; austerity measures. (search for similar items in EconPapers)
JEL-codes: F15 F31 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:187-190

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