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The Impact of the Global Economic Crisis on the Local Economy. Case Study Pitesti City

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  • Nedelea Adelin Daniel

    () (University of Bucharest, Faculty of Geography)

Abstract

The economic crisis are started in 2007, on the American continent, he recorded in time an expansion on around the world. The Economy represent the source of oxygen for each country, depending on the level of economic development, the country can register a positive or negative trend on the standard of living. The natural resources currently available for mankind, must be used with precision, with a definite purpose. Use resources in a precise scope and a corresponding proportion, influenced the economic conditions for next generations. The economic decline registered in the United States of America, was noted in our country since 2009, including the city of Pitesti, at the beginner level, but, over time this decline was deepened. The most important effects caused by the economic crisis are: reducing production capacity, the cessation of production in the manufacturing units, disappearance of jobs and decrease of the investment [1].

Suggested Citation

  • Nedelea Adelin Daniel, 2011. "The Impact of the Global Economic Crisis on the Local Economy. Case Study Pitesti City," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 907-910, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:907-910
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    More about this item

    Keywords

    economic crisis; reducing of the investment; layoffs.;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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