THE POTENTIAL EFFECTS OF POLITICAL MANOEUVRES ON EUROPEAN TRADE

Abstract

This research paper consists of three parts. Part one presents some essential, semantic and synonymous characteristics of the concept of “effect” and arrives at the conclusion that almost any effect stems from a certain theory related to some scientific field. Part two identifies applicable indicators for measuring the impact of political manoeuvres in European trade and presents a three-vector matrix which consists of political decisions, the size of countries, and indicators/effects. Part three specifies further the effects based on mutual sanctions, namely: the income effect, the boomerang effect, etc. and proposes three possible scenarios for recovering the architecture of European trade which has been developed over the last twenty-five years.