THE CONCEPT OF INTERNATIONAL TRADE AND MAIN CLASSIC THEORIES

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, 2016, issue 11, 243-246

Abstract: Taking into account the major impact that international trade has on the economy and on the people’s lives, and considering its effects on the economic growth, the foreign commerce has to be well understood so that the commercial policies have to be well elaborated, implemented and followed. The theories of international trade are extremely important in order to determine the flows, but especially in the anticipation of the evolution of the forces that influences its dymanic. The theories regarding the foreign trade are used also by the big companies, by their managers, in their attempt to identify the most advantageous strategies of internationalizations, on the most promising markets.

Keywords: International trade; Trade flows; Theories of international trade (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2016:i:11:p:243-246

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