World Economy and World Seaborne Trade in the 2005-2013 Period

• Author: Romeo Bosneagu - Carmen Elena Coca - Florin Sorescu
• Position: Associate Professor, PhD, Naval Academy 'Mircea cel Batrân', Romania - Assistant Professor, PhD Student, Tomis University, Constanta, Romania - Senior Lecturer, PhD, Tomis University, Constanta, Romania
• Pages: 236-243

European Integration - Realities and Perspectives 2014

236

World Economy and World Seaborne Trade

in the 2005-2013 Period

Romeo Bosneagu

1, Carmen Elena Coca2, Florin Sorescu3

Abstract: In the period 1990-2013 the world economy has evolved increasing and decreasing with good and

weak years, with mini crisis, and with a recent strong crisis, which apparently has not yet passed. World

seaborne trade, inextricably linked to the global economy followed the upward and the downward trend of the

global economy, but with much higher amplitudes. Comparative analysis of the evolution of the global

economy and world seaborne trade during the period 2005-2013 shows a decrease in world seaborne trade in

tandem with the global economy.

Keywords: crisis; developed countries, transition countries

JEL Classification: E21; E22; E23

1. World Economic Growth in the 1990-2013 Period

Evolution of world seaborne trade in recent years has been directly influenced by the world economy

and therefore a synthetic analysis of the latter must be done. For analysis we chose three groups of

countries: developed countries, transition countries, developing countries4, and China, compared to the

world economy.

World seaborne trade is inextricably linked to the world economy, the development of the current

production areas and outlets, as well as new ones, with differences from one region to another; world

economy growth in 2012 was less than 0.6 % compared to 2011, as confirmed by the estimated value

for 2013. In 2012, world economy growth was 2.2 % compared to 2.8% in 2011, and for 2013 the

increase (under validation) was 2.1 %5. This trend is confirmed by the economic situation of

developed economies, transition economies and China6, except the developing economies that have

experienced an increase of 4.6% in 2012, from 5.9 % in 2011 and a growth estimate of 4.7 % in 2013.

1 Associate Professor, PhD, Naval Academy “Mircea cel Batrân”, R omania, Address: Strada Fulgerului 1, Constana 900218,

Tel.: 40.241 626 200, E-mail: romeobosneagu@yahoo.com.

2 Assistant P rofessor, PhD Student, Tomis University, Constanta, Romania, Address: 100 Vulcan Petru Str., Constanta,

900628, Romania, Tel.: 40.241 558 700, Corresponding author: zelesneacarmen@yahoo.com.

3 Senior Lecturer, PhD, Tomis Un iversity, Constanta, Romania, Address: 100 Vulcan Petru Str., Constanta, 900628,

Romania, Tel.: 40.241 558 700, E-mail: flosorescu@yahoo.com.

4 Countries belonging to these categories of economic development is according to UNCTAD.

5 Review o f Maritime Transport 2013, United Nations Conference on Trade and Development -UNCTAD, United Nations,

New York and Geneva, 2013.

6 Ibidem.