Effects induced by the Global Economic and Financial Crisis in the New EU Member States (in romanian Efecte induse de Criza Financiara si Economica Globala in noile State Membre ale Uniunii Europene)

Criza financiara globala a transmis o serie de factori care au agravat situatia economiilor noilor state membre ale Uniunii Europene, pe fondul existentei unor relatii financiare si comerciale puternice cu tarile europene dezvoltate. in acest articol facem o scurta prezentare a unor vulnerabilitati induse de aceasta situatie, subliniind faptul ca acolo unde investitiile straine au dezvoltat oferta interna (pe segmentul tradable), vulnerabilitatile sunt mai mult temporare, cel mai grav afectate fiind acele tari care au avut in ultimii ani cresteri economice pe baza consumului si investitii orientate cu precadere in domeniul imobiliar.criza financiara, lichiditate, aversiune fata de risc

EFFECTS INDUCED BY THE GLOBAL ECONOMIC AND FINANCIAL CRISIS IN THE NEW EU MEMBER STATES

The global financial crisis transmitted several factors which have aggravated the economic situation of the new members of the European Union on the background of their strong financial and trading relations with the developed European countries. This article is a brief presentation of some vulnerabilities induced by this situation, highlighting that in the cases in which the foreign investments have developed the domestic market (through the tradable segment), the vulnerabilities are more of a temporary nature, the worst affected being those states which based their economic growth on the consumption and on investments mainly in the real estate sector.financial crisis, liquidity, risk aversion

O ABORDARE A CONCEPTULUI DE COMPETITIVITATE NAŢIONALĂ

Deşi se utilizează frecvent, competitivitatea naţională este încă o noţiune ambiguă, în sensul că nu există nici o definiţie unanim acceptată în literatura de specialitate, ci numeroase abordări. În acest articol vom încerca să contribuim la clarificarea conceptului de competitivitate, formulând un set de caracteristici care stau la baza acestuia.competitivitat, productivitate, integrare UE.

TRENDS IN THE NEW EU MEMBER STATES MACROECONOMIC POLICIES TO ADOPT THE EURO. PERFORMANCE OF THE ROMANIAN MACROECONOMIC POLICIES TO ADOPT THE EURO

The global financial crisis created new challenges for the states that have joined the European Union in 2004 and 2007, but that are not yet members of the Euro zone; the maintenance of the convergence indicators below the reference values is a real challenge for the new EU member states. This study aims to evaluate the macroeconomic policies which these countries implemented in their endeavour to adopt the Euro. It starts from the analysis of the stage of meeting the nominal criteria of convergence and it subsequently identifies some characteristics of the macroeconomic policies, stressing on the importance of reformulating and recalibrating these macroeconomic policies so that they can cope with the current challenges.nominal criteria of convergence, adoption of the Euro, economic and financial crisis, new member states, macroeconomic policies