Globalizing the Romanian Economy: A Financial View

Georgiana-Loredana Frecea ()
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Georgiana-Loredana Frecea: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 2, 104-109

Abstract: The modern economy is facing various extensions of financial dependencies, in a period ofglobal structural dynamism. This paper provides a complete overview of the Romanian integrationin the new global economy, which is still in its infancy. The analysis will start with the Romanianphysiognomy in this context. Building on the hypothesis of the existence of a discontinuity point inthe Romanian economy globalization, the research will outline a comprehensive image of theRomanian integration in the European Union structure, strengthening the imperatives of a newtransition. The quantitative approach is based on the major indicators to understand the opennessof the Romanian economy, identifying the current trends of the Central and Eastern Europecountries. The results suggest the different evolution in the transition phenomenon to the marketeconomy, due to the fact that these countries have experienced the institutional, social and politicalreconstruction from different positions.

Keywords: Romania; globalization; finance (search for similar items in EconPapers)
JEL-codes: F6 O1 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:2:p:104-109

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