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Globalization And Fiscal Problems

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  • Prof. Gheorghe Matei Ph.D, Ionuţ-Cătălin Croitoru Ph.D Student

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

Globalization is an ongoing phenomenon and once we are aware of its proportions, the social, political and economic actors need to manage coordinated steps. As a consequence global world has to pay more attention to fiscal actions. Our paper aims to take stock of the fiscal problems caused by phenomena such as globalization, the internationalization of economic activities and economic integration in the European Union and increased risk of unsustainable growth of debt of European countries. Our research begins with an analysis of the concept of globalization. Another issue considered is if the European Union where the euro pushed up public debt of the member countries. Finally we take into consideration the risks and opportunities of common fiscal policy response to phenomena such as economic crises and as Romania, where taxation is trying to place our country in a European directive.

Suggested Citation

  • Prof. Gheorghe Matei Ph.D, Ionuţ-Cătălin Croitoru Ph.D Student, 2011. "Globalization And Fiscal Problems," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 4(39), pages 203-212, May.
  • Handle: RePEc:aio:aucsse:v:1:y:2011:i:10:p:203-212
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    File URL: http://feaa.ucv.ro/AUCSSE/0039v4-026.pdf
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    References listed on IDEAS

    as
    1. Bretschger, Lucas & Hettich, Frank, 2005. "Globalization and International Tax Competition: Empirical Evidence Based on Effective Tax Rates," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 20, pages 530-542.
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    More about this item

    Keywords

    critical; globalization; tax competition; sovereign debt; financial and economic crisis; unsustainable debt;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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