TRANSPORT NETWORKS AND IMPACT ON THE PROGRESS OF TRADE EXCHANGES

Elena Ramona Terzea
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Elena Ramona Terzea: Economics and International Affairs Doctoral School, Bucharest Academy of Economic Studies, Romania

SEA - Practical Application of Science, 2015, issue 8, 53-59

Abstract: The restructuring of the economy as a whole is a key factor determined by the Romanian international trade restructuring. Restructuring process contains elements that are specific to the transformation in a market economy mainly characterized by competitive spirit and by enforcement of competitive advantages. The idea of international trade has been long debated starting with the Smith’s theory of absolute advantages ( Adam, Smith ,1908) to the perspective of the competitiveness presented by David Ricardo(2001) followed by the major paradigm change brought by Porter's Diamond (Michael, Porter 1990). Among the determinants of international trade, especially in order to promote exports, a special importance should be given both to the companies and market’s features and to distance to the country in question, to infrastructure and to access roads. The quality of a country's infrastructure is one of the important factors in the development of international trade relations. Depending on its quality level this factor becomes a driving force the development of which must forego the start of other economy sectors.

Keywords: International trade; FOB exports; CIF imports; Infrastructure; Transport networks (search for similar items in EconPapers)
JEL-codes: F10 F63 (search for similar items in EconPapers)
Date: 2015
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