The financial crisis started in the United States spread over to Europe and, for the first time after 1945, it developed to an overall macroeconomic crisis in the entire developed world. Social and ideological consequences of the deep recession are expected to follow. The article focuses on the...

The paper deals with the foreign trade performance of the new member countries in their first five years of membership (and, with two years for Bulgaria and Romania). The first part of the statistical survey focuses on trade developments supporting and/or defying some key issues of trade theory....