INTERNATIONAL SERVICES TRADE UNDER THE ECONOMIC CRISIS

Laura Cristina Maniu () and Andreea Marin- Pantelescu ()
Additional contact information
Laura Cristina Maniu: Romanian American University, Bucharest
Andreea Marin- Pantelescu: Bucharest University of Economic Studies

Romanian Economic Business Review, 2013, vol. 8, issue 1, 43-50

Abstract: This paper presents the global evolution of trade in services compared with the one of goods in 2004-2011. The statistic numbers provided by WTO highlight the changes occured during the economic crisis, in the hierarchy of the main exporters and importers of services. The year 2009 represented an unfavourable period for international trade, but in the years 2010 and 2011 we can speak of a recovery, although the growth was slower in 2011 compared to the one in the previous year. In 2011, the growth rates of imports and exports of goods were lower than in 2010 (20% from 22% for imports and 19% from 21% for exports). As for the international flows of services, the growth rate in 2011 was 11%.

Keywords: services; trade; economic crisis; globalisation; ecomomy (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/journl/SP13/REBE-SP13-A4.pdf (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:rau:journl:v:8:y:2013:i:1:p:43-50

Access Statistics for this article

More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().