Non-competitive Evolutions of the Foreign Trade in Romania

https://doi.org/10.1016/S2212-5671(15)00265-8Get rights and content
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Abstract

An analysis of statistic data and information provides evidence in support of the opinion that, apart from minor exceptions, Romania's foreign trade during the transition period (1991-2012) consisted mainly in the export of raw materials or barely finished products, and the import of manufactured goods. In other words, Romania practised a non-competitive, unproductive export, selling either raw natural produce or products with a rudimentary level of processing, obtained from derelict industrial facilities that were abandoned for lack of competitiveness. One direct effect of such practices was the loss of a huge number of salaried jobs, and the payment of labour at the lowest rates.

Keywords

Foreign trade
trade deficit
competitiveness
employment ;

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Selection and/or peer-review under responsibility of the Scientific Committee of ESPERA 2014.