IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v1y2012i2p141-145.html
   My bibliography  Save this article

ROMANIA'(tm)S FIRST FIVE YEARS IN THE EUROPEAN UNION. A SHORT ASSESSMENT

Author

Listed:
  • VADASAN Ioana

    (Universitatea de Vest din Timisoara, Facultatea de Economie si de Administrare a Afacerilor)

Abstract

It'(tm)s been more than 5 years since our country has joined the European Union, on January the 1st 2007. It'(tm)s been a long road, as fulfilling the Copenhagen criteria had not been an easy task. But was it all worth it? Are we better off today, five years after? Did we know how to take advantage of European Union membership? Did we know what to do and how to do it, in order to benefit from (all) the advantages of the Single Market? These are some questions we will try to answer in this paper. In this paper, we will present data regarding: the evolution of Romania'(tm)s foreign trade, overall, as well as with the rest of the European Union countries; the evolution of Romania'(tm)s economic growth, in comparison with European Union'(tm)s average economic growth; the evolution of foreign direct investments in Romania; the absorption degree of structural and cohesion funds, in comparison with other countries of the European Union. We will analyze these data, and we will make comparisons between Romania and the European Union, in order to see the similarity between Romania'(tm)s evolution and EU'(tm)s evolution. We will also analyze the structural and cohesion funds absorption degree, in comparison with other European Union countries. Finally, we will try to assess whether we knew how to take advantage of our European Union membership, as being member implies both advantages and disadvantages. Knowing how to fully benefit from the advantages and how to diminish the disadvantages is the winning strategy. Did Romania know how to maximize its advantages? As we will see in the conclusions of this paper, the answers to these questions are not always in our advantage. There are still some lessons to be learned, especially regarding the absorption of structural and cohesion funds, and attracting foreign direct investments.

Suggested Citation

  • VADASAN Ioana, 2012. "ROMANIA'(tm)S FIRST FIVE YEARS IN THE EUROPEAN UNION. A SHORT ASSESSMENT," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 141-145, December.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:2:p:141-145
    as

    Download full text from publisher

    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n2/019.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    foreign trade; economic growth; foreign direct investments; structural and cohesion funds;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:1:y:2012:i:2:p:141-145. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.