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The Impact Of Romania'S Accession On Economic Growth

Author

Listed:
  • Mihaela Dârzan

    (Romanian American University)

  • Alexandru Ionescu

    (Romanian American University)

  • Elena-Raluca Cristian

    (Romanian American University)

Abstract

The EU integration is a complex process that involves a series of coherent actions taken by the New Member States which must give priority to both nominal and real convergence in order to eventually succeed to adopt the single currency. Romania has made a significant progress, but the vulnerability of the economy was quite high when the spread of the economic-financial crisis occurred,since the economic development has not reached a sustainable level and it has been based on ineffective principles (too much consumption and indebtedness). The forecasts concerning the integration showed the growth would continue for 3-4 years, but it was proved to be inappropriate, because Romania, along with some of the new members have considerably suffered from external negative phenomena triggered by the global crisis.

Suggested Citation

  • Mihaela Dârzan & Alexandru Ionescu & Elena-Raluca Cristian, 2013. "The Impact Of Romania'S Accession On Economic Growth," Romanian Economic Business Review, Romanian-American University, vol. 8(3.1), pages 26-34, September.
    • Handle: RePEc:rau:journl:v:8:y:2013:i:3.1:p:26-34
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