The Decentralization Process in Romania Has Been Affected by the Financial Crisis or Not; Arguments in Favor or Against Decentralization in the Management of the Financial Crisis

Olivia Manole and Consuela Necșulescu
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Olivia Manole: University of Craiova, Romania
Consuela Necșulescu: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 4, 129-136

Abstract: Typically, the decentralization process is extremely complicated and involves many challenges, if we were to take into account local conflicts, the interests of the central government and the complexity of simultaneous decentralization in administrative, political and economic plan. The financial crisis has added another dimension to the complexity of this phenomenon, misbalancing the economy and creating a fiscal pressure both at central and local level. In this context it rises the problem whether the management of the financial crisis can be better realised within a decentralized system or whether it may lay pressure on the return to the centralized government form.

Keywords: financial crisis; decentralization; centralization; local budget; local revenues (search for similar items in EconPapers)
JEL-codes: G01 H71 (search for similar items in EconPapers)
Date: 2012
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