CURRENT TRENDS IN THE FOREIGN TRADE

Abstract

In this article, we aim at highlighting the benefits of international trade on economic growth and development. In the first part of the paper, we will outline the seminal theories in the doctrine of international trade. In the second part, we will focus on current developments in the exports and imports of goods and services. We will also consider several indicators meant to emphasize the various aspects of research. Our approach is a transversal-comparative one and static models pertain to uni- and multivariate analysis.

Keywords

• International trade
• Absolute advantage
• Relative advantage
• Revealed comparative advantage index