EFFECTS OF ECONOMIC CRISIS ON THE ROMANIAN ECONOMY

Valeriu Potecea and Georgiana Cebuc
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Valeriu Potecea: Associate Professor of International Business at the Romanian-American University
Georgiana Cebuc: Assistant Professor of International Business at the Romanian-American University

Romanian Economic Business Review, 2010, vol. 5, issue 2, 128-135

Abstract: Romania, which for 50 years was part of the "communist experiment", returned in 1989 to rules of market economy, hoping that within a reasonable period will reap the benefits of capitalist values. Global seizures that began to affect the whole world economic system in 2008, from the U.S., seem to invalidate not only all political and economic accumulation obtained by our country in almost 20 years but efforts to affect and ideal economic theories which fully adhered

Keywords: economic crisis; Romanian economy; real estate; unemployment (search for similar items in EconPapers)
Date: 2010
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