ASPECTS CONCERNING ECONOMIC AND SOCIAL FACTORS DEVELOPMENTS - AN ASSESSMENT AT THE EUROPEAN UNION LEVEL

Alina Ailincă () and Floarea Iordache
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Floarea Iordache: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy

Studii Financiare (Financial Studies), 2013, vol. 17, issue 4, 48-55

Abstract: Global financial and economic crisis has dramatically changed the economic and social landscape of all world countries. In this context, economic factors and social variables have deteriorated even more and the interconditionality between them became increasingly stronger in the sense that the negative implications of economics have reflected more and more on the social domain. Thus, there was a dramatic decrease in the real GDP growth rate and an alarming and rapid growth of unemployment, a decline in the birth rate, a reduction of the employment, a deterioration in the level of education and training, an alarming increase of poverty, in a word, a "collapse" of all social life components. As the world has evolved rapidly to an increasingly deeper integration, through the globalization process, all economic and social progresses recorded until the crisis have been significantly reduced or even cancelled.

Keywords: economic factors; social factors; evaluation (search for similar items in EconPapers)
JEL-codes: D31 E24 F36 J11 J21 (search for similar items in EconPapers)
Date: 2013
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