The effects of globalization on the foreign trade

Abstract

Dealing extensively with the effects of globalization, we intend to prove that this process greatly influences the development of foreign trade. It’s obvious that all the efforts directed towards the development and promotion of the state’s, society’s or firm’s trade must contribute to the development of foreign trade worldwide. The current context of globalization requires radical changes both in the way of its involvement in the world trade and in the export sector, at the company or firm group level as well as in the way the institutions support companies in implementing the best solutions to create and maintain certain competitive sustainable advantages.