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Impact of Economic Crisis on Education


  • Mihai Mihaela

    () (The Bucharest University of Economic Studies)


The global economic crisis is a period characterized by a sharp drop in economic activity that affects people in many ways. We can say that its beginnings were in 2007 in America with both microeconomic and macroeconomic nature causes. The effects were felt different from one nation to another, but we can say that the most affected countries are considered developing and third world. Were observed global effects, some of which - few in number - can be considered constructive, and governments have acted both individually and at EU level to protect the economy. We consider education as a victim of the economic crisis. The main objective of this study is to analyze the impact of economic crisis over the education.

Suggested Citation

  • Mihai Mihaela, 2014. "Impact of Economic Crisis on Education," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 212-215, May.
  • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:212-215

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    economic crisis; education; globalization.;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General


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