Economic crisis and its effects on international trade: A case of selected EU and non-EU countries
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The aim of this chapter is to analyse the effects of the economic crisis on the trade among the Southeastern European (SEE) countries. The countries were divided into two groups: the EU countries and non-EU countries. Macroeconomic performances and international trade indicators of the 11 observed countries were analysed for the period 2007-2019, and the effects of the economic crisis were present in all the observed countries, particularly the effects on the export performances. The crisis also affected the entire import of the non-EU countries. The EU countries recovered from the crisis faster than the non-EU countries. However, the non-EU countries achieved a more significant inflow of foreign direct investment in the post-crisis period, which significantly improved the position of the balance of payments in these countries. The observed countries had managed to stabilise their trade flows all until the beginning of the COVID-19 crisis. The impact of the current crisis on these coun...tries remains to be estimated in the future.
Izvor:
Impact of Global Issues on International Trade, 2021, 66-84Izdavač:
- IGI Global
Institucija/grupa
Fakultet organizacionih naukaTY - CHAP AU - Parežanin, Miloš AU - Kragulj, Dragana AU - Jednak, Sandra PY - 2021 UR - https://rfos.fon.bg.ac.rs/handle/123456789/2243 AB - The aim of this chapter is to analyse the effects of the economic crisis on the trade among the Southeastern European (SEE) countries. The countries were divided into two groups: the EU countries and non-EU countries. Macroeconomic performances and international trade indicators of the 11 observed countries were analysed for the period 2007-2019, and the effects of the economic crisis were present in all the observed countries, particularly the effects on the export performances. The crisis also affected the entire import of the non-EU countries. The EU countries recovered from the crisis faster than the non-EU countries. However, the non-EU countries achieved a more significant inflow of foreign direct investment in the post-crisis period, which significantly improved the position of the balance of payments in these countries. The observed countries had managed to stabilise their trade flows all until the beginning of the COVID-19 crisis. The impact of the current crisis on these countries remains to be estimated in the future. PB - IGI Global T2 - Impact of Global Issues on International Trade T1 - Economic crisis and its effects on international trade: A case of selected EU and non-EU countries EP - 84 SP - 66 DO - 10.4018/978-1-7998-8314-2.ch004 UR - conv_3695 ER -
@inbook{ author = "Parežanin, Miloš and Kragulj, Dragana and Jednak, Sandra", year = "2021", abstract = "The aim of this chapter is to analyse the effects of the economic crisis on the trade among the Southeastern European (SEE) countries. The countries were divided into two groups: the EU countries and non-EU countries. Macroeconomic performances and international trade indicators of the 11 observed countries were analysed for the period 2007-2019, and the effects of the economic crisis were present in all the observed countries, particularly the effects on the export performances. The crisis also affected the entire import of the non-EU countries. The EU countries recovered from the crisis faster than the non-EU countries. However, the non-EU countries achieved a more significant inflow of foreign direct investment in the post-crisis period, which significantly improved the position of the balance of payments in these countries. The observed countries had managed to stabilise their trade flows all until the beginning of the COVID-19 crisis. The impact of the current crisis on these countries remains to be estimated in the future.", publisher = "IGI Global", journal = "Impact of Global Issues on International Trade", booktitle = "Economic crisis and its effects on international trade: A case of selected EU and non-EU countries", pages = "84-66", doi = "10.4018/978-1-7998-8314-2.ch004", url = "conv_3695" }
Parežanin, M., Kragulj, D.,& Jednak, S.. (2021). Economic crisis and its effects on international trade: A case of selected EU and non-EU countries. in Impact of Global Issues on International Trade IGI Global., 66-84. https://doi.org/10.4018/978-1-7998-8314-2.ch004 conv_3695
Parežanin M, Kragulj D, Jednak S. Economic crisis and its effects on international trade: A case of selected EU and non-EU countries. in Impact of Global Issues on International Trade. 2021;:66-84. doi:10.4018/978-1-7998-8314-2.ch004 conv_3695 .
Parežanin, Miloš, Kragulj, Dragana, Jednak, Sandra, "Economic crisis and its effects on international trade: A case of selected EU and non-EU countries" in Impact of Global Issues on International Trade (2021):66-84, https://doi.org/10.4018/978-1-7998-8314-2.ch004 ., conv_3695 .