Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Agnes GHIBUŢIU

Academia Română

Iulia Monica OEHLER-ŞINCAI

Academia Română

The present paper examines the evolution of the EU’s trade in services over the 2004-2008 period in comparison with its trade in goods. It aims to disentangle the main trends shaping the EU’s services trade flows under the impact of increasing globalisation and the last two waves of EU enlargement. Relying on BoP trade statistics published by Eurostat and the WTO, the paper highlights the recent changes in the EU’s services flows in terms of dynamics, composition, trade balance as well as patterns of specialisation and integration into the internal and global market. It also reveals the main trends prevailing in the evolution of extra and intra-EU trade flows, and their relevance for the process of economic integration within the EU. The empirical investigation attempts to find the answers to the following questions: To what extent is the EU deriving benefits from the new growth opportunities opened up by the globalisation of services? How relevant are services flows from the perspective of the European economic integration? What are the effects of the global financial and economic crisis on the EU’s trade in services, and which are its future prospects? Following the answers to these questions, the paper is structured around five sections, and the last one concludes.

ŒCONOMICA no. 2/2010

Keywords: European Union, trade in services, trade in goods, economic integration, global financial and economic crisis

JEL: F14, F15, L80, O52

Schimburile cu servicii ale Uniunii Europene: tendinţe recente sub impactul globalizării şi al crizei economice

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