Abstract

Contemporary trade flows increasingly take place via foreign direct investment flows, consequently we can no longer analyze them only classically, and through the prism of the existing methodology and statistic coverage. Therefore, the purpose of the paper is to point out the need for the new approach to trade flows and their coverage. The research has led to the setting up of a proposal for the new trade coverage, which, by including the primary trading channel, complements the existing, classic approach to trade flows and leads to more realistic trade picture. Only a real picture of trade flows may be adequate guidance to the economic and trade policy makers of the country in conducting these policies and making adequate strategic trade decisions.

Full Text
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