Foreign trade of the Czech Republic and its promotion in times of crisis

Zahraniční obchod ČR a jeho podpora v období krize

Kateřina Gajdušková and Adam Krčál

Současná Evropa, 2011, vol. 2011, issue 2, 75-101

Abstract: The financial and economic crisis has hit many economies including the Czech Republic. The negative development in the world economy - a decrease in demand, an increased volatility of exchange rates, a deteriorated access to capital and uncertainty of future development, was due to the openness easily transmitted to our economy and all these factors more or less influenced the development of the trade balance. Therefore the balance recorded a few substantial changes during the crisis. It concerns a decrease in exports, imports and the deterioration of trade balance surplus. The government tried to mitigate the negative development by the trade promotion measures. Therefore the aim of this paper is to analyze the development of the trade balance of the Czech Republic in recent years and to find out the consequences of the crisis on its balance, to what extend it was influenced by the development of the EU demand and how efficient the trade promotion was.

Keywords: trade balance; export; import; crisis; trade promotion; Obchodní bilance; vývoz; dovoz; krize; podpora exportu (search for similar items in EconPapers)
Date: 2011
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