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Causes That Made Romania and Bulgaria the E.U. Poorest Countries

Author

Listed:
  • Dumitru Mazilu
  • Dominic Perez–Danielescu

    ("Dimitrie Cantemir" Christian University)

Abstract

The paper stresses the main causes that transformed Romania from a rich country due to its natural resources, material and spiritual values accumulated over years into one of the poorest E.U countries, together with Bulgaria. A deep analysis has been made on the transfer of the natural resources of Romania in terms of different transnational companies, underlying the implications of some Romanian leaders, during the last 23 years, contributing to this transfer.

Suggested Citation

  • Dumitru Mazilu & Dominic Perez–Danielescu, 2013. "Causes That Made Romania and Bulgaria the E.U. Poorest Countries," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 16-25, June.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:2:p:16-25
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    More about this item

    Keywords

    Natural resources; material and spiritual values; rich country; poorest country; European Union;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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