DYNAMISM OF INTERNATIONAL TRADE SYSTEM- PRESENT AND FUTURE

Luiza Loredana Nastase ()

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 1, issue 43, 267-274

Abstract: This paper presents the current and future situation to international trade. Thus, regardless of the level at which these are achieved (national, regional or international), observed that increasing the number of parties involved is directly proportional to the number of issues arising. The value of world merchandise exports in 2013 was 18,800 billion dollars and the services of 4,600 billion (an increase of 6%). In the case of imports, they represented 18.4 trillion dollars for goods and 4.3 trillion dollars for commercial services. According to World Bank forecasts, the global economy is projected to grow by 3 percent in 2015, 3.3 percent in 2016 and 3.2 percent in 2017. These forecasts are quite changeable taking into account political tensions, financial stability, decline in oil prices and so on.

Keywords: international trade system; globalization; integration; multilateralism; trade in goods; trade in services (search for similar items in EconPapers)
JEL-codes: F13 F14 F17 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2015:i:43:p:267-274

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