The Crises Under The Globalization Of The World Economy

Ion Botescu ()
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Ion Botescu: Ovidius University of Constanza

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 7-12

Abstract: The large number of crisis which have appeared after 1980, respectively during the accentuation of globalisation and the cyclicality with which these manifest themselves is not a novelty. In the context of the globalisation of economic relationship, when through a large economic opening the countries become more and more dependent on exports to foreign partners, the become more vulnerable they become to crises which appear in the different areas of the globe. Taking into account the very powerful impact which is generated by the apparition of a crisis, both governments and certain institutions should follow the evolution of the specialty economic indicators and implement the actions which aim to diminish the impact of crises

Keywords: global crisis; contagiousness of crises; macroeconomic stability; sustainable development; trust (search for similar items in EconPapers)
JEL-codes: F6 (search for similar items in EconPapers)
Date: 2015
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