ROMANIAN TRADE IN SERVICES UNDER THE IMPACT OF GLOBALIZATION

Diana Soca ()

Romanian Economic Business Review, 2013, vol. 8, issue 4, 122-129

Abstract: The market globalization tendency means acceleration and at the same time, thoroughness of external exchanges of goods, services and capitals, accompanied by a greater international mobility of resources and by an increased competition. In the globalization context, trade in services holds a more and more important role, given the fact that such activities reached to a point in the world’s developed countries that they contribute by 70% in GDP creation and in employment, and they represent 65-70% of FDI’s total stock.As EU member, Romania is directly interested in reducing the gaps that separate it from developed countries in terms of both macroeconomic structure as well as volume and structure of its trade in services.

Keywords: Globalization; Trade in services; New economy of services (search for similar items in EconPapers)
Date: 2013
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