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The Influence Of Globalization On Economic Growth In Romania

Author

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  • PAUL BOGDAN ZAMFIR

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU-JIU, ROMANIA)

Abstract

In this paper we propose to emphasize the structural changes involved by globalization process who generate a semnificative influence on the economic growth in Romania. Thus, on this background it is important to point out that even though the phenomenon of globalization represents manny opportunities for Romanian economic growth, nevertheles, our country must regard at the same time all the systemic risks that are involved in this process. From this perspective, an important role has the activity of romanian small and medium sized enterprises that through its specific creates jobs and contributes substantially to growth in Romania. In terms of risks, for our country is necessary to develop effective mechanisms of self-defense against involved economic dangers. Also, should not be ignored that the quality of European Union member offers for Romania a strong base and in the same time the chance to benefit from the positive effects of the single market and the opportunities offered by the global market. In this framework, Romanian economy is not exempted from stiff competition in the field of trade in goods and services from countries like China or India who succeed through competition, to "break down trade barriers" of economic blocs. More than that, Romanian high tech industry can take advantage for themselves from the positive effects of globalization process by penetrating on third country markets.

Suggested Citation

  • Paul Bogdan Zamfir, 2015. "The Influence Of Globalization On Economic Growth In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 181-185, December.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:6special:p:181-185
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    File URL: http://www.utgjiu.ro/revista/ec/pdf/2015-Special%20ECOTREND/28_Zamfir%20PB.pdf
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    References listed on IDEAS

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    1. Alina-Petronela NEGREA, 2012. "Globalization and the identity dilemma," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(574)), pages 93-116, September.
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    Cited by:

    1. Olimpia Neagu & Stela Dima, 2017. "Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 27(1), pages 29-40, April.

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