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

Keywords: foreign trade , agrarian economy , customs duties

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Abstract:

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

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