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Determinants of Specialization and Main Trends in International Trade

Determinants of Specialization and Main Trends in International Trade
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Author(s): Iulia Monica Dumitrescu (BabeČ™-Bolyai University, Romania)
Copyright: 2023
Pages: 28
Source title: Research Anthology on Macroeconomics and the Achievement of Global Stability
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-7460-0.ch013

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Abstract

This chapter presents a review of the determinants of specialization and the main trends in international trade. Globalization, trade agreements, new economic poles, and regional integration represent the most influential trends in international trade. Research in this field shows that the main determinants of specialization are demographic change; advances in technology, investment, and energy; and natural resources. Each of the mentioned determinants of specialization and trends will be discussed and constitute a separate section with relevant research and key findings.

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