The international organizations acting at world-wide scale seems unable to manage the multitude of rising problems due to the accelerated globalization and of the fast geopolitics’ shift. The world is facing growing imbalances in international trade and financial flows, deepening of social...

One of the roots of the current global imbalances resides in the asymmetry of the international trade flows under the constraints of maintaining non-tariff barriers and of protectionism revival. Trade liberalization is critical for restoring the financial global equilibrium. The study is...

This paper aims to research existing literature on the collapse of the Doha Round and its causes. The first part is a review of significant paper in the vast literature on the history of international trade from the end of the Second World War until the present, focusing especially, on the...

The World Trade Organization represents the common institutional framework to carry on the commercial relations among its members on the basis of the accepted international principles endorsed by agreements for standardization and certification, using of sanitary and phytosanitary measures,...

Romanian Abstract: În articolul de față este analizată una dintre cele mai importante ipoteze care stau labaza majorității studiilor care evaluează impactul economic al încheierii unui acord comercial bilateralSUA-UE: reducerea barierelor netarifare. Am luat în considerare studiile...

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...

The paper focuses on the current system of country risk assessment by the main rating agencies, pointing out some of its weaknesses. Under these circumstances, was found that Romania is overrated by the international agencies, mainly due to political reasons, related to the close accession of...

Abstract. The scope of this paper is to highlight the Romanian strategy towards the euro adoption. We structured our article on sections that cover four main research directions. The first one illustrates the interlinkages between nominal and real convergence; the second presents a comparative...