THE EFFECTS OF GLOBALIZATION ON COMMERCE IN ROMANIA

Elena-Cristina Andrei ()
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Elena-Cristina Andrei: Academy of Economic Studies, Bucharest, Romania

HOLISTICA Journal of Business and Public Administration, 2014, vol. 5, issue 1, 42-53

Abstract: Humanity has suffered radical changes over time, whether we refer to the way of living, political dictatorship or economic situation. Global phenomenon called globalization is rooted precisely in this fierce desire to change based on innovative technologies that promote knowledge as a factor in increasing productivity. Searching for the best ways of encreasig and after that of economic growth in conditions of overcoming national borders and the distruction of language barriers, cultural and racial meant to optimise the market level, principal decizional factor in actions nowadays, are the premises who put the base of globalization concept. The efect, unification of economic powers its meant to develop a number that will increase continually. Conquences of globalization for Romania bring to the forefront the country potencial in which we live and can be exploited only with the foreign investment. The actual economic situation cant afford the production of available capital only with intern resources. This inability of Romanian teritory to develop without needing a monetary mass from outside. The global economical crisys from 2008 doing nothing else then pulling at surphase the poor situation of our country. Even though Romania its still trying to overcome a period of recession wich seems endless, production encreased very much in the last three years, and imports and exports are developing in normal conditions wich seems to get better, as the numbers prove. Commerce in Romania under globalization is much better. We live in a country with large production posibilities and with undeveloped areas, but with beneficial capabilities worth exploited. Romanian commerce ,following the downward trend of European Union, will enter into a process of development and expansion of worldwide industries.

Keywords: commerce; globalization; Romania; market; economics (search for similar items in EconPapers)
JEL-codes: E61 (search for similar items in EconPapers)
Date: 2014
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