In this paper we review the literature on regionalization and globalization and implicitly the impact these two processes have over the world economy. Characterized by a several number of studies, this research is focused on different time periods, methodologies and model parameters. We identify...

At the beginning of 2001, the experts of the Goldman Sachs Research Group launched a new acronym in the field of world economy: BRIC. This abbreviation represents the group of four countries: Brazil, Russia, India and China and has generated a long list of quantitative, as well as qualitative...

This paper aims to establish particularities for the relationship between exchange rate volatility and the international trade in Romania. Currency depreciation, normally, should stimulate exports, because they become cheaper to foreign products and to discourage imports because they will spend...

In the contemporary economy, in the societies where there is a transition to a market ecdnomy included the trade with the alimentary goods tends to become more and more an activity taking place within a strictly regulated framework. This is represented by laws, recommandations, compulsory and...

Globalization is the rapid increase in cross-border economic, social, technological exchange under the conditions of capitalism. International trade and investment have been the engines of world growth over the past 50 years. The tons of goods traded around the world have grown by 16 times since...

Romanian Abstract:Articolul analizează cadrul geopolitic mondial pe baza evoluțiilor dinperioada 2008 – 2015 şi îşi propune să determine caracteristicile principale ale perioadei2016 – 2020. În cadrul analizei sunt avute în vedere o serie de schimbări care au avut loc şicare vor...

Romanian Abstract: Cu toate că Germania a continuat să reprezinte „locomotiva” economică ṣi ancora de stabilitate a UE, iar ca urmare a reformelor ambiṭioase întreprinse în ultimul deceniu, economia federală a demonstrat o deosebită rezistenṭă la efectele negative ale ultimelor...

This paper assesses the sustainability of the CA deficits in the New Member States (NMS) of European Union by estimating its structural component based on fundamentals. Using a large sample of panel data, we estimated long term relationships for the CA deficit and its fundamentals using two...

The study is focusing on excessive current account deficits accumulation which is endangering the perspectives of Romania’s long-term external financial position. In order to reveal the real drivers of current account balance, the development of two distinctly components of the foreign trade...

Under the circumstances of rising and persistent deficits in the Romanian foreign trade, the contribution of net exports to the GDP growth remains negative, in 2005 halving practically the domestic demand increase. One factor behind this trend is the IPT (Inward Processing Trade) which doesn’t...