The Capacity of Absorbing the Structural Funds Romania vs. Bulgaria
AbstractThe capacity of absorbing Structural Funds continues to be a „taboo” subject for everybody. The image of irredeemable financing generates a continuous feeling of satisfaction and the desire to become rich. I use the word „image” because the Structural Funds have managed to cover in a fairytale vale a reality of disappointment and distrust. I have decided to speak in this essay about the capacity of two neighbour countries, similar from the social and economical point of view. Romania and Bulgaria, two countries with great perspective, with the possibility to reduce the economical and financial disparities compared to the other EU states. My dilemma is the following: if they started from approximately the same economical stage, with the same wellbeing aspirations, how did Bulgaria manage to beat Romania regarding the absorption of the Structural Funds? Is this simply an accident or is it that we, Romanians, demonstrate each day that we don’t deserve anything?
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): XI (2011)
Issue (Month): 1 (May)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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Structural Funds; absorption rate; difficulties; solutions;
Find related papers by JEL classification:
- F35 - International Economics - - International Finance - - - Foreign Aid
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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