The Impact of the Global Economic Crisis on the Local Economy. Case Study Pitesti City

Nedelea Adelin Daniel ()
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Nedelea Adelin Daniel: University of Bucharest, Faculty of Geography

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 907-910

Abstract: The economic crisis are started in 2007, on the American continent, he recorded in time an expansion on around the world. The Economy represent the source of oxygen for each country, depending on the level of economic development, the country can register a positive or negative trend on the standard of living. The natural resources currently available for mankind, must be used with precision, with a definite purpose. Use resources in a precise scope and a corresponding proportion, influenced the economic conditions for next generations. The economic decline registered in the United States of America, was noted in our country since 2009, including the city of Pitesti, at the beginner level, but, over time this decline was deepened. The most important effects caused by the economic crisis are: reducing production capacity, the cessation of production in the manufacturing units, disappearance of jobs and decrease of the investment [1].

Keywords: economic crisis; reducing of the investment; layoffs. (search for similar items in EconPapers)
JEL-codes: O1 O11 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:907-910

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