The Evolution of the Romanian Trade Balance in the Trade

• Main Author: Terzea Elena Ramona
• Format: Article
• Language: English
• Published: Editura ASE Bucuresti 2014-09-01
• Series: Romanian Economic Journal
• Subjects: European Union; trade balance; foreign trade; export; import
• Online Access: http://www.rejournal.eu/article/evolution-romanian-trade-balance-trade-eu-member-states-1991-2012

The present paper aims to analyse the evolution of the trade balance of Romania with the European Union Member States during the 22 years of transition from a centralised system to a democratic economic and social system and an efficient market economy. Nearly 25 years after the events of 1989, Romania has made great steps in order to resettle the entire economic system and to transform it into a functional one. However, the path was filled with inconsistent decisions and with a repositioning of the trajectory dictated by internal or external pressures. The research focuses on a brief analysis of the evolution of the trade between Romania and the EU Member States to determine the effect the integration had on the structural discrepancies between exports and imports.