IN A GLOBALIZED WORLD TRADE

Daniela Ditescu
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Daniela Ditescu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2012, vol. 1, issue 40, 202-207

Abstract: Trade and globalization have brought many benefits to countries and their citizens because they allow countries access to more efficient production, increased labor productivity, supported extending the knowledge and new technologies planetary scale, and rich assortment of products to which population access. Also, through the multilateral trading system has been a significant reduction of customs protectionism, have mitigated the effects of non-tariff barriers, trade policy measures have become more predictable, leading to lower production costs, improve the quality of products sold and to widening choice of products to consumers.

Keywords: globalization; international trade system; institutionalization; trade liberalization; WTO (search for similar items in EconPapers)
JEL-codes: F13 F17 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2012:i:40:p:202-207

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