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Problems Caused by the Integration of Romanian Economy in the European Union

Author

Listed:
  • Laura Cismaş

    (West University of Timişoara, Romania)

  • Mihai Părean

    (West University of Timişoara, Romania)

  • Maria Oţil

    (West University of Timişoara, Romania)

Abstract

At almost two years from aderation, the Romanian Economy continues to place in the top the economic growth, instead of competitivity, productivity and performance. The ability to be competitive, at an economical, but also share level, depends on the public polices that are applied, which can ease or break the economical environment. Romania, at the end of 2009, can be described as a combination of good and bad, and for example: economic growth, but not performance in research; relatively cheap labour, but a start of qualified labour workers crises as well; a pretty acceptable fiscal environment, but birocracy and greed are still present; primarely gathering of capital, in a word: rich people but also corrupted and poor people. This scientific work would like to briefly present some of the problems that the main integration process of Romanian Economy in European Union encounters, by trying to suggest possible paths to follow for a durable development of Romania in European and also worldwide context.

Suggested Citation

  • Laura Cismaş & Mihai Părean & Maria Oţil, 2009. "Problems Caused by the Integration of Romanian Economy in the European Union," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(1), pages 157-164.
  • Handle: RePEc:pet:annals:v:9:i:1:y:2009:p:157-164
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