Changes in International Trade and Investments after the Global Financial Crisis

Iskra Balkanska

Economic Studies journal, 2018, issue 6, 85-94

Abstract: Over the last 20 years, the globalisation of the economic and financial environment has had an impact on world trade and investment and has modified the ways in which international trade and investment transactions are implemented. The expansion of the overseas operations of the international companies is an influential factor. The reduction of tariffs, the increase in the quality/cost ratio of international transport, and especially the deepening of information and telecommunications links, contribute to changes in the way in which international trade and investment transactions are carried out. The evolution of international trade and foreign direct investments (FDI) during the post-crisis period differs significantly from that during the pre-crisis period. The economic and financial environment is uncertain. Besides the global financial crisis, Europe is also experiencing the blows of the sovereign debt crisis – a fact that affects its rapid economic and financial recovery. Despite the liberal trade and investment relations, countries around the world apply non-tariff and administrative barriers in order to protect export-oriented production from external shocks. In recent years, protectionist trends are increasing due to the unilateral imposition of duties on certain goods by the American administration. Does this shift in trade policy mark a turning point in international trade and FDI?

JEL-codes: F13 F21 F23 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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