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Decisions about the Future of the European Union: an Approach from a Romanian Perspective


  • Ramona Dumitriu

    () (Dunarea de Jos University of Galati, Romania)

  • Razvan Stefanescu

    () (Dunarea de Jos University of Galati, Romania)


The European Union reached a turning point when it has not only to fructify the opportunities of the new market opened by globalization, but also to face significant threats such as the ageing population, the competition from the Asian producers and the dependence on the energetic resources placed in politically unstable regions. This situation implies decisions about the reforms of the political institutions, the future enlargements and the elaboration of a common external policy. The experience from the past proved that, in making such decisions, it has to be taken into consideration the public opinion, which sometimes is not favorable to the radical changes. The position of Romania, with its representation in the European institutions, will certainly influence the strategic decisions regarding the future of the E.U. In this paper we will analyze this position, using both information from the Government strategies and the results of our investigations regarding the way some aspects of the integration are perceived.

Suggested Citation

  • Ramona Dumitriu & Razvan Stefanescu, 2007. "Decisions about the Future of the European Union: an Approach from a Romanian Perspective," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 10(25bis), pages 195-211, November.
  • Handle: RePEc:rej:journl:v:10:y:2007:i:25bis:p:195-211

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    References listed on IDEAS

    1. Baillie, Richard T. & Bollerslev, Tim, 1992. "Prediction in dynamic models with time-dependent conditional variances," Journal of Econometrics, Elsevier, vol. 52(1-2), pages 91-113.
    2. Bollerslev, Tim, 1986. "Generalized autoregressive conditional heteroskedasticity," Journal of Econometrics, Elsevier, vol. 31(3), pages 307-327, April.
    3. Bollerslev, Tim, 1987. "A Conditionally Heteroskedastic Time Series Model for Speculative Prices and Rates of Return," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 542-547, August.
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    More about this item


    institutional reform; enlargement; foreign affairs;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration


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