Revista de Economie Mondiala/ Journal of Global Economics

11-26

Authors: Alexandru Butiseacă, Ionela Bălțătescu

In the current economic context, competitive devaluation has become a common practice both in emerging and developed economies. But, despite their relatively recent popularity, the economic advantages of competitive devaluations are only illusory, since these involve huge long-term cost seven for the states that resort to such policies. The main purpose of our research is to reveal the economic and political consequences of currency devaluations and to critically assess the protectionist thesis that a country needs to maintain a balanced trade with all its commercial partners.The research also contains a brief analysis of competitive devaluation policies applied by China. The paper is primarily a theoretical research, aiming to refine existing arguments, to bring new arguments, and to discuss relevant examples and cases for the announced topic.

47-65

Authors: Dorina Clichici

Over the past 20 years, the relations between the Russian Federation and China have intensified both at the political and economic level, based on a strategic partnership. The purpose of this article is to analyze the depth of the present Sino-Russian relations, especially in the area of economic cooperation in order to identify the problems and prospects of this strategic partnership.Our analysis finds that the “Eastern pivot” of the Russian Federation has more political substance than an economic one. Moreover, the commercial and investment goals agreed upon in their joint declarations are difficult to achieve, especially in the context of the Chinese economic reform and the Russian Federation’s economic downturn. Despite positive statements by their leaders,the Russian Federation and China are still trying to compromise on solutions for a range of economic and political issues that hinder bilateral cooperation.