Transport Networks and Impact on the Progress of Trade Exchanges Cover Image

Transport Networks and Impact on the Progress of Trade Exchanges
Transport Networks and Impact on the Progress of Trade Exchanges

Author(s): Elena Ramona Terzea
Subject(s): National Economy, International relations/trade, Economic development, Transport / Logistics
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: International trade; FOB exports; CIF imports; Infrastructure; Transport networks;

Summary/Abstract: The restructuring of the economy as a whole is a key factor determined by the Romanian international trade restructuring. Restructuring process contains elements that are specific to the transformation in a market economy mainly characterized by competitive spirit and by enforcement of competitive advantages. The idea of international trade has been long debated starting with the Smith’s theory of absolute advantages ( Adam, Smith ,1908) to the perspective of the competitiveness presented by David Ricardo(2001) followed by the major paradigm change brought by Porter's Diamond (Michael, Porter 1990). Among the determinants of international trade, especially in order to promote exports, a special importance should be given both to the companies and market’s features and to distance to the country in question, to infrastructure and to access roads. The quality of a country's infrastructure is one of the important factors in the development of international trade relations. Depending on its quality level this factor becomes a driving force the development of which must forego the start of other economy sectors.

  • Issue Year: III/2015
  • Issue No: 08
  • Page Range: 53-59
  • Page Count: 7
  • Language: English