The dynamic changes in global econoimy – Bulgaria’s place and the way forward
The paper aims at summarizing the main trends and based on that to draw recommendations on the opportunities for the future development of Bulgarian international trade. It fi rstly discusses some of the main transformations and trends in the current global system of international economic relations which affect Bulgarian international trade. Then it summarizes the general trends in the dynamics of the country’s trade fl ows, assesses the economy’s openness and dependence on international trade and discusses the changes in the commodity structure of trade. To conclude the analysis an index of the terms of trade is calculated and Bulgaria’s results are compared to the results for EU-28. The paper ends with a summary of the main conclusions and recommendations.
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