The regionalization, commercial policies and the trade liberalization impact on national economy

This study aims to provide insights in regionalization, commercial politics and the national trade. The evolution of national economy is influenced by a great variety of local, national and international decisions. The paper proposes an integrated analysis of Romanian situation by means of data and statistics provided by European and national statistics institutions. Regionalization and globalization have reduced transaction costs through economic integration in different ways and degrees, in the first case by attracting regional countries and in other cases by attracting almost all countries around the world. Growth and trade theories have shown that the processes of regional and global integration have had an enormous impact on trade intensity and labor division between the countries involved. Any transaction includes direct and indirect costs, in different degrees. These direct and indirect costs vary according the location of transaction, in an area of regional integration such as European Union or worldwide. The commercial results show that the main driving forces for a better integration in European trade are: technological progress, information, communications and transport, and the institutional progress through national and supranational commercial policy measures. (c) 2012 Published by Elsevier Ltd. Selection and/or peer review under responsibility of Emerging Markets Queries in Finance Business local organization