COMPETITIVENESS AND COMPARATIVE ADVANTAGE IN THE EUROPEAN INTEGRATIONIST CONTEXT. THE CASE OF ROMANIA
COMPETITIVENESS AND COMPARATIVE ADVANTAGE IN THE EUROPEAN INTEGRATIONIST CONTEXT. THE CASE OF ROMANIA

Summary/Abstract: This article addresses the growing interest of nations in evaluating their comparative advantages and enhancing their global competitiveness. The primary aim of this article is to provide a foundational framework for researchers seeking to examine comparative advantage within the European Union, focusing on the current situation in Romania, both within Europe and on the global level. By applying the Balassa model, coupled with an analysis of export patterns in terms of structure and dynamics over a minimum five-year period, it becomes feasible to discern instances of comparative advantage in the global economy. The comparative evaluation before and after European Union integration, with consideration of the features of free trade within this customs union, assumes a pivotal role in identifying essential competitive advantages necessary for thriving within a free market environment. This comprehensive theoretical and methodological approach seeks to establish an early stage of research in Romania's external economic relations.

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