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DOI:10.5593/SGEMSOCIAL2017/HB11/S12.126

THE ROLE OF INTERNATIONAL ECONOMIC ORGANIZATIONS IN PROMOTING TRADE: A CASE STUDY OF ROMANIA

R. Popescu, S.Ghiocanu
Tuesday 25 July 2017 by Libadmin2017

References: 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2017, www.sgemvienna.org, SGEM2017 Conference Proceedings, ISBN 978-619-7105-93-3 / ISSN 2367-5659, March 28-31, Book1, Vol.1, 1021-1028 pp, DOI:10.5593/SGEMSOCIAL2017/HB11/S12.126

ABSTRACT
The objective of a country’s economic diplomacy is to gather all foreign policy instruments and to consequently implement them successfully, in order to advance the economic interests of the country itself. Therefore, economic diplomacy must be ensured by an efficient framework for institutional cooperation which is aimed at furthering a country’s economic interests abroad. The cooperation with international organizations, mainly economic organizations such as World Trade Organization and Organization for Economic Cooperation and Development, represents a main component of the economic diplomacy of a country as a whole. The paper gives an overview of the main international economic organizations to which Romania is part whilst analyzing in depth the effects of these actions in the country’s trade. The overall objective of the findings is to accentuate the correlation between efforts made by public institutions and international actors and concrete results in consolidating Romania’s external profile. As a result, several recommendations have been formulated emphasizing the role of the selected international organizations in stimulating the country’s trade.

Keywords: Economic diplomacy, international economic organizations, trade;


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