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Globalizing the Romanian Economy: A Financial View

Author

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  • Georgiana-Loredana Frecea

    (The Bucharest University of Economic Studies)

Abstract

The modern economy is facing various extensions of financial dependencies, in a period ofglobal structural dynamism. This paper provides a complete overview of the Romanian integrationin the new global economy, which is still in its infancy. The analysis will start with the Romanianphysiognomy in this context. Building on the hypothesis of the existence of a discontinuity point inthe Romanian economy globalization, the research will outline a comprehensive image of theRomanian integration in the European Union structure, strengthening the imperatives of a newtransition. The quantitative approach is based on the major indicators to understand the opennessof the Romanian economy, identifying the current trends of the Central and Eastern Europecountries. The results suggest the different evolution in the transition phenomenon to the marketeconomy, due to the fact that these countries have experienced the institutional, social and politicalreconstruction from different positions.

Suggested Citation

  • Georgiana-Loredana Frecea, 2016. "Globalizing the Romanian Economy: A Financial View," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 104-109, February.
    • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:2:p:104-109
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    References listed on IDEAS

    as
    1. Paul Welfens, 1989. "The globalization of markets and regional integration," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 24(6), pages 273-281, November.
    2. Pierre-Richard Agénor, 2004. "Does globalization hurt the poor?," International Economics and Economic Policy, Springer, vol. 1(1), pages 21-51, March.
    3. Alvaro Pereira & João Jalles & Martin Andresen, 2012. "Structural change and foreign direct investment: globalization and regional economic integration," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 11(1), pages 35-82, April.
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    More about this item

    Keywords

    Romania; globalization; finance;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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