THE LATEST CRISES CHALLENGING THE EU`S EXPORTS. ANY CHANCES TO MAINTAIN THE COMPETITIVENESS?

Dana-Teodora MIERLUÈš (), Adriana Giurgiu (), Horia-Octavian Mintaè˜ () and Adrian Tunduc ()
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Dana-Teodora MIERLUȚ: Doctoral School of Economics and International Business, The Bucharest University of Economic Studies (ASE București), Bucharest, Romania
Adriana Giurgiu: Doctoral School of Economics and International Business, The Bucharest University of Economic Studies (ASE București), Bucharest, Romania; Department of International Business, Faculty of Economic Sciences, University of Oradea, Oradea, Romania
Horia-Octavian Mintaè˜: Doctoral School of Economics and International Business, The Bucharest University of Economic Studies (ASE BucureÈ™ti), Bucharest, Romania
Adrian Tunduc: University of Oradea, Faculty of Environmental Protection, Oradea, Romania (corresponding author)

Annals of Faculty of Economics, 2022, vol. 2, issue 2, 176-187

Abstract: Trade is at the centre of Europe’s model of economic prosperity and competitiveness. As stated in the new Trade Policy Strategy set out by the European Commission (2021), the trade policy has a key role to play in the recovery from the COVID-19 pandemic. Meanwhile, this role was emphasised even better by the effects derived from the war in Ukraine. As the pandemic hit in 2020, the growth drivers of the EU’s economy relented, among which the external trade, putting million jobs at risk and leading to rise in unemployment and to depression of economic activity, while many companies had to close down. Competitiveness is a term which increased in significance in the last few decades. Trade competitiveness and, especially, export competitiveness is one of the most valuable variables a country must improve in order to increase its overall competitive position among nations and also the welfare of its citizens. The export statistics of many EU’s economies changed since the COVID-19 crisis and later, the war stroke. The research questions this paper addresses are: what is the extent of these changes in which sectors? Have they come to an end or the process of recovery has already started within the EU? What effects has the war in Ukraine onto the EU exports competitiveness? Are there any chances for the EU to maintain its exports competitiveness after these crises? What is to be one and what measures to be taken to recover? After introductory theoretical remarks and a brief literature review followed by a survey of various techniques to measure export competitiveness, the paper shifts its focus on statistical data and analyse how much damage has the pandemic and nowadays, the war caused to the EU’s export competitiveness, and which EU Member States were the most affected, based on statistical data analysis and other various indicators.

Keywords: Export competitiveness; European Union; COVID-19 pandemic; war; crisis; challenges (search for similar items in EconPapers)
JEL-codes: F02 F10 F12 F13 F15 G01 H12 (search for similar items in EconPapers)
Date: 2022
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