CONSIDERATIONS REGARDING THE INFLUENCE OF EU-US TRADE RELATIONS ON EU ECONOMIC DEVELOPMENT

Daianu Dana Codruța ()
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Daianu Dana Codruța: Assoc. Prof. Ph.D, University Aurel Vlaicu of Arad, Faculty of Economic Sciences
Authors registered in the RePEc Author Service: Dana-Codruta Duda-Daianu ()

Management Strategies Journal, 2019, vol. 45, issue 3, 26-33

Abstract: In the last decade, EU-US cooperation has intensified at a very fast pace, being oriented towards the creation of a transatlantic market with a high degree of openness and integration. European and American multinational companies now invest and produce in the other part of the Atlantic more than they export from within their own national borders. Although transatlantic economic exchanges dominate the world's economy (over 40% of trade in goods and over 60% of the world's investment flows take place between the two major powers), they also generate the strongest sources of conflict, many of them advanced. the WTO. Despite the strengthening of cooperation between the European Union and the United States, the struggle for supremacy over the world's most important markets and protecting their spheres of influence continues to govern transatlantic economic relations. Each of the two powers has, as a fundamental objective, the maintenance of dominant positions on the continents to which they belong, as well as the extension of their own area of influence. The paper represents a blueprint of the EU-US bilateral economic relations, paying special attention to the influence that trade relations have on the economic development of Europe

Keywords: economic growth; European Union; United States; development; competitiveness (search for similar items in EconPapers)
JEL-codes: O40 O51 O52 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:45:y:2019:i:3:p:26-33

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