Acta Universitatis Danubius. Œconomica, Vol 3, No 1 (2007)

The Impact of the Protectionist Politics over the Increase of Foreign Commerce

Gheorghe Chiru


This article presents the evolution of foreign commerce between 1865 up to First World War. After 1863 until the first World War, the foreign trade of Romania increases its volume permanently (between 1863-1913 - 6,5 times, from a 72,1 million gold lei import and 120,9 million export, to an import of 590 million and an export of 670,7 million gold lei). Romania reduced already the gap between prices, but its predominant agrarian economy, its poor industrial development exposed it still to the effects of uneven exchange with stronger partners better economically developed.


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