CHALLENGES IN THE CENTRAL AND EASTERN EUROPEAN COUNTRIES DURING THE GLOBALIZATION AND ECONOMIC CRISIS
Lenuta Carp ()
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Lenuta Carp: Alexandru Ioan Cuza University of Iasi, Romania
A chapter in EURINT Proceedings 2013, 2013, vol. 1, pp 681-693 from Centre for European Studies, Alexandru Ioan Cuza University
Abstract:
In the past decade, the role played by the Central and Eastern European countries (CEECs) in the worldwide economy increased significantly, due to the major transformation these economies have undertaken. This paper aims at emphasizing the impact of globalization on the development of CEECs, through the major challenges this phenomeon and the economic and financial crises generated in the economy. The results of the analysis will show the favorable impact globalization generates, but meanwhile it will also highlight that in the last years it stimulated the transmission of turbulence and imbalances into the global markets because of the increase of the contagion effect. Further, the research will be expanded by including other EU countries or by making a comparison among the developed and developing economies.
Keywords: globalization; crisis; foreign direct investment; growth; volatility (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:jes:euri13:681-693
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