THE ECONOMIC SITUATION OF ROMANIA BY THE TIME OF THE ADHESION TO THE EUROPEAN UNION

Constantin Anghelache
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Constantin Anghelache: Vice-president GAER

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement), issue 6(511)(supplement), 111-140

Abstract: This material is an attempt aiming to get a picture on the economic situation of Romania by 31.12.2006, namely by the very moment of passing the border when our country has been admitted into the European Union. As for a start, without politicizing in any way the content, I have proceeded to a slight incursion through the political events which have alternated within 2006 up to April 3rd, 2007 even, in order to eventually substantiate the way followed up by the economic and social evolution of Romania during this period. As a paradox, despite certain serious internal dissensions, which generated the reorganization of the government and the forming of a new Executive in a minority. The economic evolution, as well as the social one, of Romania proves to be a positive one, so that there is a number of growths, some of them even significant. The prime explanation is given by the Parliament agreement, based on which all the political parties favored the required steps, meant to secure the adhesion to the European Union, as well as the fact that the Romanian economy is defined by a high level of the privatization (about 70% of the total), which is limiting the influence of the actions initiated by the government. Thereafter, I have developed, through a logical order conceived by the author, the main macroeconomic aspects, a particular emphasize being focused on: macroeconomic indicators, Gross Domestic Product evolution and its factors of influence (resources, utilizations, ownership form), foreign direct investment, inflation (consumer prices), industrial and agricultural production indices, investments in constructions, production of services, foreign trade, population and labor force, minimum net wage evolution. The analysis has been performed on the basis of data as recorded by December 31st, 2006 while the comparisons have been, sometimes, Romania’s Integration in the European Union. Opportunities & Challenges 112 112 extended over the period 2001/2006, in order to let them be as suggestive as possible. Meantime, a number of developments have been presented also in a graphic or synthetic tables form, however without becoming abundant.

Keywords: Gross Domestic Product; foreign direct investment; inflation; unemployment; minimum net wage; population; labor force. REL Classification: 3B, 10B, 20G (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:6(511)(supplement):y:2007:i:6(511)(supplement):p:111-140

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