Study of the Peculiarities of Export Developments in EU Member Countries and in Armenia

Abstract

This paper aims at investigating the role of integration and trade in the economic development of EU member countries and Armenia, which is one of the six countries of EU Eastern Partnership project. Building on the studies of comparative advantages and peculiarities of the inter and intra – trade of the various countries, the paper provides a general description of export developments and other related factors affecting economic developments in EU member countries, as well as Armenia during the last two decades, especially before and after the world financial-economic crisis. Special attention is paid to both - developed and developing EU member states. This study theoretically and empirically examines various problems in the export structure of the countries and key elements of export development strategy recommended.