Impact of the global and financial crisis in Romania

Lucian Botea () and Tănăsescu Ovidiu Dragoș
Additional contact information
Tănăsescu Ovidiu Dragoș: PhD student

Romanian Economic Business Review, 2010, vol. 5, issue 4-1, 145-150

Abstract: According to the Romanian politicians our economy was considered safe and that it wasn’t going to be affected by the crisis but as we can see from the unemployment rate, the trade evolution and the financial market situation Romania is deeply into a crisis. What was the impact of the crisis on the Romanian economy and if it could have been avoided are questions that the article tries to answer. It is impossible for a developing country to stay away from the international economic turmoil, and there are a lot of studies that tried to predict the present crises. Romania, being a member of the European Union and a country involved in the international trade and even a player in the financial sector, is fully connected to the global world and so it, more or less, follows the trends of the major countries that set the rules for this stage of globalization.

Keywords: financial crisis; crisis impact; global crisis (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/journl/WI10-1/REBE-WI10-1-A19.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:5:y:2010:i:4-1:p:145-150

Access Statistics for this article

More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().