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Financing Rural Development in Romania – Challenges and Opportunities

Listed author(s):
  • Andreea Dragoi


  • Cristina Balgar


    ("Dimitrie Cantemir" Christian University)

At present, the main theoretic dilemma related to the rural development can be formulated as follows: are rural development and agriculture factors that may contribute to the boost of financial crisis or possible solutions to mitigate the negative effects of the crisis and re-launch the economic growth? The economic doctrine shows that agriculture is a vital economic activity for the society and a sector a high contribution in maintaining stability and growth, thus, having the potential to alleviate the economic crisis. Nevertheless, this important contribution can only be achieved through a massive investment in infrastructure that will stimulate and increase the agricultural production, as well as in technical and technological equipment for agricultural land and also by creation and continuous development of micro-enterprises in rural areas. In order to contribute to the economic growth, rural development in Romania depends on how the local actors in the rural areas achieve financial support for their projects. Our paper proposes to emphasis the main opportunities but also the most critical problems regarding the financial support acquired by the rural communities.

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Article provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.

Volume (Year): 5 (2013)
Issue (Month): 3 (September)
Pages: 51-56

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Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:51-56
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