Romania in the Globalization Context

Radu Titus Marinescu
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Radu Titus Marinescu: “Artifex” University of Bucharest

Romanian Statistical Review Supplement, 2012, vol. 60, issue 4, 87-93

Abstract: Due to the precarious situation of the Romanian economy, it is requested to identify the weak and the strong points in order to get integrated within the global economy structures. The Romanian banking system has been afflicted with significant transformations, some of them very costly but which, at the end of the day led to its consolidation. Those who presently administrate this system should concentrate their efforts in order to increase the confidence of the population and the economic agents in the Romanian banks along with the implementation of an efficient system for the risk management. As far as the relations with the international economic institutions are concerned, the conclusion of the Agreement with the International Monetary Fund is representing a first significant step but, in the context of the globalization and liberalization of the capital market, it is necessary to draw financial resources and to consolidate the relations with the specialized institutions.

Keywords: globalization; business environment; knowledge; mentality (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:60:y:2012:i:4:p:87-93

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