ECONOMIC CRISIS AND ECONOMIC DISPARITIES IN EUROPEAN UNION
Journal Title: CES Working Papers - Year 2015, Vol 7, Issue 2
Abstract
The impact of the economic and financial crisis is still being felt. It started as an acute crisis of the banking system, but then quickly affected the real economy, causing a substantial slump in business investment, household demand and output. The current economic crisis has affected almost all European countries but the countries of the European south and the former eastern socialist republics have suffered the most. The objective in this paper is to quantify economic disparities as expressed by several growth indicators, such as GDP per capita, employment/unemployment rates, labour productivity rates and use them to compare the economic performances before and after the crisis. EU took several measures to recover from the economic crisis. Nevertheless, its ability to adjust to widely diverse national and local contexts that have been impacted differently by the effects of the crisis, and to support the different patterns of economic growth that will result from it, is yet to be seen.
Authors and Affiliations
Rodica CRUDU
THE “EASTERN PARTNERSHIP” PROJECT: DOES POLAND’S VOICE STILL MATTER?
When in the year 2009 Radoslaw Sikorski and Carl Bildt, architects of the Eastern Partnership project, launched the ambitious scheme of bringing the six post-Soviet countries closer to the EU, they could hardly pre...
ROMANIA, THE EUROPEAN UNION AND RUSSIA
Throughout history, international relationships have always witnessed the forming of alliances, bilateral agreements, mutual treaties, conventions, partnerships or founding organizations. All these agreements have...
KEYNES’S EUROPEANISM AS SHOWN IN “THE ECONOMIC CONSEQUENCES OF THE PEACE”
European integration and enlargement, in the context of decreasing support of European country nationals, needs great men and great ideas standing with. J.M.Keynes proves in his book”The Economic Consequences of the Peac...
CHALLENGES OF THE ECONOMIC AND MONETARY UNION IN THE CONTEXT OF THE ECONOMIC CRISIS
The economic and financial crisis which has affected the world economy since 2008 raised a question mark regarding the viability of the Economic and Monetary Union and the future of the euro. The main objective of this p...
THE DYNAMICS OF FOREIGN DIRECT INVESTMENT IN ROMANIA AFTER EU ACCESSION
Identification of potential investment of the countries in the current context is one of the main important problem of the world economy because the investments, particularly foreign ones, is considered the key factor fo...