THE REASONS FOR INTERNATIONAL TRADE IN A GLOBAL ECONOMY

Abstract

In this paper, starting from the idea of economic growth which has been significant in the past years and its tight connection to growth in international trade, I have dealt with such aspects as the gains one can derive from specialization, economies on scale, the development of new technology, productivity and from access to a large variety of goods, while keeping in minds general and modern economic trade theories and models. Within this very framework, I have tried to focus on a number of aspects concerning Romania’s status over a period of 5 years, 2002-2007, and the general trading trends and various analysis of the structure of trade with the countries’ main partners on the sideline of the reasons mentioned in the starting point of the paper. In the analysis of example model chosen, Romania, I have underlined how the importance of exports and the country’s approach to export has influenced its general overlook on trade and general trading tendencies worldwide.international trade, global economy, economic growth, Romania