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Mitigation of the Crisis Effects in Public Authorities and Institutions from County Gorj

Author

Listed:
  • Constantin Căruntu

    () („Constantin Brâncuși” University of Tg.-Jiu, Romania)

  • Mihaela Loredana Lăpăduși

    () („Constantin Brâncuși” University of Tg.-Jiu, Romania)

Abstract

The economic crisis that is still present, both locally and nationally, has produced and will certainly cause further financial disruptions at both micro and macro level. Economic crisis, global phenomenon affecting structurally the Romanian economy, requires exceptional measures, which, through their efficiency and timeliness of application, lead to reducing its effects and to create premises for national economic revival. Any public institution may face a crisis, able to endanger its normal operation and reputation from in a particular community. Some crises are predictable and preventable or others can not be suspected or can not be anticipated correctly. This study is done in order to grasp how the economic crisis has reshaped the public sector in Gorj County and to synthesize the strategies of mitigating the effects proposed by the professionals working in the field. Also the article gives a holder so that the participants in the process of developing mitigation measures for public authorities and institutions crisis in the county can benefit from an objective source, containing information relevant to the identification of major effects and priorities.

Suggested Citation

  • Constantin Căruntu & Mihaela Loredana Lăpăduși, 2011. "Mitigation of the Crisis Effects in Public Authorities and Institutions from County Gorj," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(1), pages 43-50.
  • Handle: RePEc:pet:annals:v:11:y:2011:i:1:p:43-50
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    More about this item

    Keywords

    economic and financial crisis; objective; strategies; crisis effects; economic development;

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • G01 - Financial Economics - - General - - - Financial Crises

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