INTERNATIONAL SERVICES FLOWS UNDER THE IMPACT OF THE EU-27 GLOBAL ECONOMIC CRISIS

• Main Authors: Gheorghe Camelia Monica, Maniu Laura Cristina
• Format: Article
• Language: English
• Published: Academica Brâncuşi 2013-06-01
• Series: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
• Subjects: services; trade; export; import; economic crisis; globalization
• Online Access: http://www.utgjiu.ro/revista/ec/pdf/2013-03/11_Gheorghe%20Camelia,%20Maniu%20Laura.pdf

The European Union has been severely affected by the financial crisis and by the fact that many countries have entered recession. Europe, as a region, still has the highest share in world trade in services, with more than 43.3% of exports and more than 30.7% of imports in 2011. The intern services market is less integrated than that of material goods, situation demonstrated on the one hand, by the ratio of intra-EU exports and extra-EU exports, shown by comparison for goods and services. The intern services market is not sufficiently integrated, consequence of the specific nature of services, since these activities lend themselves to a lesser extent to constitute the object of international trade.