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The economic crisis and the great problems of mankind

Author

Listed:
  • Cătălin-Emilian HUIDUMAC-PETRESCU

    (Bucharest University of Economic Studies, Romania)

  • Alexandru Cătălin POPA

    (Bucharest University of Economic Studies, Romania)

Abstract

The economic crisis that humanity is currently facing proves to be the most severe one since the Great Depression of the 1930s. Poor financial system, unsustainable public debt and competitiveness inequalities in the world have greatly contributed to the crisis. Naturally, economic policy makers are concerned about problems related to the restoration of fiscal, trade and monetary balances and are trying to boost investment, employment and consumption. Solving these problems is difficult, but insufficient for the future of global economy. This paper attempts to draw attention to problems with long-term impact which, if they are neglected, could cause future crises of even greater intensity than the present one. Among these issues are increased poverty, lack of environmental protection and demographic imbalances.

Suggested Citation

  • Cătălin-Emilian HUIDUMAC-PETRESCU & Alexandru Cătălin POPA, 2014. "The economic crisis and the great problems of mankind," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(7(596)), pages 99-112, July.
    • Handle: RePEc:agr:journl:v:xxi:y:2014:i:7(596):p:99-112
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    Citations

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    Cited by:

    1. Alexandru-Catalin POPA & Catalin-Emilian HUIDUMAC-PETRESCU, 2016. "Brexit Management And Its Implications In The European Union’S Economic Framework," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 482-490, November.
    2. Vladimir-Aurelian ENACHESCU & Vlad ROªCA, 2014. "Educational Counseling Approach for the Romanian Educational System," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(3), pages 321-333, July.

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