Causes That Made Romania and Bulgaria the E.U. Poorest Countries

Dumitru Mazilu and Dominic Perez–Danielescu ()
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Dominic Perez–Danielescu: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 2, 16-25

Abstract: The paper stresses the main causes that transformed Romania from a rich country due to its natural resources, material and spiritual values accumulated over years into one of the poorest E.U countries, together with Bulgaria. A deep analysis has been made on the transfer of the natural resources of Romania in terms of different transnational companies, underlying the implications of some Romanian leaders, during the last 23 years, contributing to this transfer.

Keywords: Natural resources; material and spiritual values; rich country; poorest country; European Union (search for similar items in EconPapers)
JEL-codes: F21 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:5:y:2013:i:2:p:16-25

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