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The romanian coal industry in the context of economic global development

Author

Listed:
  • Dina Ionela-Claudia

    („Constantin Brâncuşi” University of Tg-Jiu)

  • Popa-Paliu Lucia

    („Constantin Brâncuşi” University of Tg-Jiu)

Abstract

In the last century, the world has seen an acceleration of technological development in almost all the fields related to human life, leading to rapid improvement of living standards in most countries. Electricity industry is a basic economic branch, and is also a branch with high importance to the economy and social life of any country. This branch, which currently is the base of industrial, agricultural, transportation and telecommunications activities, and which characterizes the entire modern world civilization, began to develop only towards the late of the XX-th century. Electricity is an energy form easily usable in production, household consumption, transport, telecommunications etc. It was the one that revolutionized manufacturing resources and equipment used in all fields. Electricity production worldwide has increased about 30 times since 1938. Coal maintained a vital role in the total energy sources, especially by ensuring price stability which is a major and indispensable factor for stability and further economic growth, and also by its distribution around the globe.

Suggested Citation

  • Dina Ionela-Claudia & Popa-Paliu Lucia, 2010. "The romanian coal industry in the context of economic global development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 107-114, December.
    • Handle: RePEc:cbu:jrnlec:y:2010:v:4.i:p:107-114
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