The Global Financial Crisis, the Premise of the New World Economic Order

Sima Isabella - Cristiana, Iordache Emilia and Marin Camelia
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Sima Isabella - Cristiana: University “Constantin Brâncoveanu” Piteºti
Iordache Emilia: University “Constantin Brâncoveanu” Piteºti
Marin Camelia: University “Constantin Brâncoveanu” Piteºti

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 94-98

Abstract: Now humanity is going through hard times, hard times caused by this pandemic, which has strayed over the world namely, the current global crisis. It began as a US subprime crisis in the United State, it was then transformed into a banking crisis, followed by the debt crisis, sovereign credit crisis, crisis in the Euro Area, because in the end to be known as the "global financial crisis". In this article we tried to determine this by looking at a few macroeconomic indicators. So we chose for this analysis the real rate of growth of gross domestic product, indices of global competitivenessand corruption index. All these indicators have been investigated for the 27 Member States of the European Union, the five members of the B.R.I.C., United States of America and Japan. The bottom line is that slowly but surely, the dominant economic logic will be another in the near future.

Keywords: current global crisis; Euro Area; rate of growth of gross domestic product; exports; indices of global competitiveness (search for similar items in EconPapers)
JEL-codes: F0 F02 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:94-98

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