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How Globalized is Romania? New Challenges in Measuring Economic Globalization

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  • Mãrginean Silvia

    () (“Lucian Blaga” University of Sibiu)

Abstract

Romania’s transformation in the last 20 years raised a lot of questions about the causes and consequences of the good and bad things that happened in our economy. European integration and globalization were the two key words of our evolution. Romania became more opened and integrated in the world economy but we don’t know the best way to measure the importance of globalization in our life. This paper examines different measures of globalization, presenting the sets of indicators and indexes used to evaluate this complex process. The purpose is to find some answers to a difficult question: what is the best way to measure economic globalization of a country? The paper starts with an overview of the challenges related to the evaluation of globalization, continues with a synthetic presentation of the most used indicators and presents the scores and rankings of Romania in the recent years.

Suggested Citation

  • Mãrginean Silvia, 2011. "How Globalized is Romania? New Challenges in Measuring Economic Globalization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1292-1297, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1292-1297
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    More about this item

    Keywords

    globalization indicators; international trade; foreign direct investment; Romania;

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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