Determinants of Specialization and Main Trends in International Trade

Author:

Dumitrescu Iulia Monica1

Affiliation:

1. Babeș-Bolyai University, Romania

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.

Publisher

IGI Global

Reference110 articles.

1. Specialization dynamics and natural resources abundance

2. Amadeo, K. (2020a). See why Afghan rugs cost you more today than a year ago. Unilateral Trade Agreements, Their Pros and Cons, with Examples. Retrieved from https://www.thebalance.com/unilateral-trade-agreements-definition-examples-3305904

3. Amadeo, K. (2020b). Bilateral trade agreements with their pros and cons. Retrieved from https://www.thebalance.com/what-are-bilateral-trade-agreements-pros-cons-and-list-3305911

4. Amadeo, K. (2020c). 5 pros and 4 cons to the world's largest trade agreements. Retrieved from https://www.thebalance.com/multilateral-trade-agreements-pros-cons-and-examples-3305949

5. Trade Costs

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