GLOBALIZATION AND FISCAL PROBLEMS

Ionuţ-Cătălin Croitoru Ph.D Student Prof. Gheorghe Matei Ph.D
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Ionuţ-Cătălin Croitoru Ph.D Student Prof. Gheorghe Matei Ph.D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 4, issue 39, 203-212

Abstract: Globalization is an ongoing phenomenon and once we are aware of its proportions, the social, political and economic actors need to manage coordinated steps. As a consequence global world has to pay more attention to fiscal actions. Our paper aims to take stock of the fiscal problems caused by phenomena such as globalization, the internationalization of economic activities and economic integration in the European Union and increased risk of unsustainable growth of debt of European countries. Our research begins with an analysis of the concept of globalization. Another issue considered is if the European Union where the euro pushed up public debt of the member countries. Finally we take into consideration the risks and opportunities of common fiscal policy response to phenomena such as economic crises and as Romania, where taxation is trying to place our country in a European directive.

Keywords: critical; globalization; tax competition; sovereign debt; financial and economic crisis; unsustainable debt (search for similar items in EconPapers)
JEL-codes: G01 H30 H63 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:10:p:203-212

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