RISK PROSPECTS AND CHALLENGES IN THE ROMANIAN ECONOMY

Dalis Maria Draghici ()
Additional contact information
Dalis Maria Draghici: Institute of Doctoral Studies, “Lucian Blaga” University, Sibiu, Romania

Oradea Journal of Business and Economics, 2018, vol. 3, issue special, 56-64

Abstract: Tackling challenges in order to promote competitiveness in various economic sectors requires understanding and approaching the risk assessment as an essential factor that can anytime determine the availability of the mechanisms and resources needed for a sustainable future. Although a certain amount of risk has to be assumed, losses caused by specific events appear to be broader than gains. In order to ensure economic growth, it is challenging for governments to try to manage the exposure to losses, this being the reason why they play a key role in fundamental prediction and in finding the most suitable evaluation tools. Despite the struggle against global strains and political risks, uncertainty not only persists in association with the external environment, but it reached extremely exalted levels compared to recent history. The instability of the global environment is leading to a lot of economic decisions being put on pause. Uncertainty’s effects about a nation’s economic policies can often spread beyond the country’s borders, this being the reason why a possible deterioration of the macroeconomic equilibrium is expected to have a significant impact on the risk perception, with direct consequences upon the Romanian economy. The aim of this article is to outline not only the existing economic framework in Romania, but also its future development in a macroeconomic context driven by uncertainty.

Keywords: country risk assessment; macroeconomic confidence index; Romania’s economic perspectives (search for similar items in EconPapers)
JEL-codes: E66 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ojbe.steconomiceuoradea.ro/wp-content/uploa ... 3special_pp56-64.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ora:jrojbe:v:3:y:2018:i:special:p:56-64

Access Statistics for this article

More articles in Oradea Journal of Business and Economics from University of Oradea, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Tomina SAVEANU ().