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
SUMMARY

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... (see full summary)

 
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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.

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