IDEAS home Printed from https://ideas.repec.org/a/lum/rev11d/v1y2010i5p109-120.html
   My bibliography  Save this article

Romania's International Exposure in the Context of the Crisis (Enghish version)

Author

Listed:
  • Associate Professor Ph.D. Alexandru TRIFU

    (“Petre Andrei” University from Iasi)

  • Lecturer Ph.D. Diana-Viorica LUPU

    (“Petre Andrei” University from Iasi)

Abstract

First of all, Romanian foreign trade has passed through structural changes since the decision of following the European economic rules, being part of European Union. Until the end of 2008, on the back of strong growth in the internal demand and because of important investment needs, imports have overwhelmed the exports, leading to a deep deficit in our commercial balance. We consider this moment a breakpoint, between the rate of economic growth (about 9% in 2008), one of the highest rate within European space and the manifestation of the crisis. These impacts of the economic and financial crisis found an instable economic structure and discrepancies in different macroeconomic balances, like foreign trade balance, in a word, a weak economy, not prepared for such events.

Suggested Citation

  • Associate Professor Ph.D. Alexandru TRIFU & Lecturer Ph.D. Diana-Viorica LUPU, 2010. "Romania's International Exposure in the Context of the Crisis (Enghish version)," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 1(5), pages 109-120, Decembrie.
    • Handle: RePEc:lum:rev11d:v:1:y:2010:i:5:p:109-120
    as

    Download full text from publisher

    File URL: http://edituralumen.ro
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    crisis; Romania; investment; labour force; economic growth;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lum:rev11d:v:1:y:2010:i:5:p:109-120. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Antonio Sandu (email available below). General contact details of provider: https://edituralumen.ro .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.