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Impact of World Economic Crisis on the Competitiveness of South-East Europe

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  • Nechita Daniela

    () ("Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration)

Abstract

The deep crisis that crosses the American financial system, a real challenge for the proponents of globalization, has sent a strong shock wave throughout the global market, and the effects they can cause a systemic reconfiguration requires adaptation of the instruments of intervention. This crisis is not reversible, meaning that we will not back where we started, when the crisis will be overcome, as we enter into an era of increasing international regulations on financial markets, and from the perspective of States, in a prolonged period of high inflation and large deficits. The spread of these effects makes the uncertainty regarding economic developments of the variables to be extremely high, which helps to enhance the crisis by the negative effects it has on the expectations and increasing the degree of caution at the level of consumers and economic structures.

Suggested Citation

  • Nechita Daniela, 2011. "Impact of World Economic Crisis on the Competitiveness of South-East Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 895-900, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:895-900
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    Keywords

    uncertainty; competitivity; financial crisis; global market.;

    JEL classification:

    • G - Financial Economics

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