IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Times of Crisis – From a Comparative Perspective

Listed author(s):
  • Gabriela Marchis


    (University of Galati, Romania)

Registered author(s):

    Are we accursed to live in these tumultuous times that we are crossing now? Nowadays, one of the most heard questions is: What is the economic crisis and how it manifests itself over the years? However, we ask about causes and consequences and most of all when it will ends? Economic crises are forms of disruption to economic life, due in large part to an “overproduction”. The term “overproduction” does not refer here to an output exceeding the society needs, but the situation when these needs remain uncovered, and the demand drops due to lack of funds. This major financial crisis affected the economy of all countries in all its segments: industry, agriculture, construction, trade, transport and etcetera, due to the close links between countries, as a natural consequence of globalization. Thus the current financial and economic crisis has affected industries on which the entire world economy relies on. But, from an economic perspective, the crisis is not a surprise, knowing that the economic cycles are repeated. This paper tries to identify the similarities with the previous economic downturns as a necessity to learn from the lessons of the past.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Danubius University of Galati in its journal ACTA UNIVERSITATIS DANUBIUS. OECONOMICA.

    Volume (Year): (2011)
    Issue (Month): 5(5) (October)
    Pages: 84-92

    in new window

    Handle: RePEc:dug:actaec:y:2011:i:5:p:84-92
    Contact details of provider: Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2011:i:5:p:84-92. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Daniela Robu)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.