Naslov
Trade liberalization: The Case of OECD Countries

Autori
Jošić, Mislav ; Jošić, Hrvoje

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
International Conference "Economic Theory and Practice: Meeting the New Challenges" Proceedings / - Mostar : Faculty of Economics, University of Mostar, 2011, 39-46

Skup
International Conference "Economic Theory and Practice: Meeting the New Challenges"

Mjesto i datum
Mostar, Bosna i Hercegovina, 11.11.2011. - 12.11.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
trade; liberalization; globalization; competitiveness; OECD

Sažetak
Trade liberalization is reshaping the world economy in a way that no country is left aside from the process called globalization. All countries, no matter the size, engage into trade using specific trade patterns. This paper examines trade differences between OECD countries and the rest of the world using globalization indicators related to international trade. The results indicate several findings as follows. Firstly, small countries are more open to trade than the large ones. Secondly, all countries increase their total trade in average according to higher GDP growth. Lastly, geographical concentration index that measures globalization trends tends to be lower and lower. As opposite to protectionism trade liberalization once again serves a key role in maximization of nation's welfare function.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA