THE STRUCTURE OF ROMANIA’S INTERNATIONAL SPECIALIZATION IN SERVICES TRADE
THE STRUCTURE OF ROMANIA’S INTERNATIONAL SPECIALIZATION IN SERVICES TRADE

Summary/Abstract: The main purpose of the paper is to examine the structure of Romania’s international specialization in services trade on the EU-25 services market. To this end, the paper addresses the need for competitiveness indicators that cover the service sector and attempts to suggest a framework for assessing the international competitiveness of Romania’s services trade. Against this background, the structure of the paper is as follows. The first part starts by introducing the concept of international competitiveness and by presenting, evaluating and systematizing key issues of the complex analysis on international competitiveness. The second part includes an overview of the services sector, focusing specifically on its importance to the economy. The third part of the paper sets out in detail the framework for calculating the proposed measures of competitiveness. It also illustrates Romania’s competitive position on the European services market, based on an integrated measure of international trade competitiveness. The paper concludes by revealing Romania’s specialization potential in international trade in services and by identifying research issues that require further study.

• Details
• Contents