EconPapers    
Economics at your fingertips  
 

RESHAPING THE INTERNATIONAL TRADE STATISTICS: FACTORS AND IMPLICATIONS

Serghei Margulescu ()
Additional contact information
Serghei Margulescu: “Nicolae Titulescu" University from Bucharest, Romania

New Trends in Modelling and Economic Forecast (MEF 2011), 2012, vol. 1, issue 1, 33-41

Abstract: The geographical fragmentation of production has created a new trade reality and has many implications for how we understand trade policy. The growing international flows in intermediate goods reflect the evolution of intra-industry trade, the impact of offshoring and the prominent role of networks of multinational enterprises in world trade. While Europe is still the biggest trader in intermediate goods, Asia has been rapidly closing the gap, and is now a close second. Beside the factors that contributed to the appearance of new types of business and new trade patterns, we should be also aware of some implications of such shifts. We have to mention the need of reshaping of the methodology of foreign trade statistics, the need of re-evaluation of some technical issues of trade policies or the need of re-evaluation of the political speech of some western countries towards certain emerging countries with which they encounter increasing trade deficits.

Keywords: global value chains; intermediate goods; globally integrated businesses; foreign trade statistics (search for similar items in EconPapers)
Date: 2012-01
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://mef.univnt.ro/wp-content/uploads/MEF/2011/mef-01.03.pdf First version, 2012 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntumef:vol1-iss1-12-033

Access Statistics for this article

New Trends in Modelling and Economic Forecast (MEF 2011) is currently edited by Bogdan OANCEA and Nicolae-Marius JULA

More articles in New Trends in Modelling and Economic Forecast (MEF 2011) from ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC.
Series data maintained by Lucian Liviu ALBU ().

 
Page updated 2017-09-29
Handle: RePEc:ntu:ntumef:vol1-iss1-12-033