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The Contemporary Crisis and its Determinative Factors within Globalization Framework

Author

Listed:
  • Grigorut Corneliu

    (,,Ovidius” University, Constanta, Romania)

  • Popa Catalin

    (,,Mircea cel Batran” Navala Academy)

  • Nistor Filip

    (,,Mircea cel Batran” Navala Academy)

Abstract

In actual context of crisis prolongation becomes very important to find the triggering elements for economic and financial incentive on global scale. In present globalization framework, as authors have asserted, the optimum model for economic incentive is not the credit rebound but the prices diminishing attitude in order to equilibrate the power purchasing of real demand with the real values of aggregate incomes on markets. Afterwards, as the incomes are contracting in crisis phases and the normal attitude regarding the consumption recovery should not the credit incentive but the prices general deflation based on real production restructuring policies.

Suggested Citation

  • Grigorut Corneliu & Popa Catalin & Nistor Filip, 2013. "The Contemporary Crisis and its Determinative Factors within Globalization Framework," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 33-36, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:33-36
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    References listed on IDEAS

    as
    1. Anonymous, 1949. "Council of Europe," International Organization, Cambridge University Press, vol. 3(4), pages 729-732, November.
    2. Anonymous, 1949. "Council of Europe," International Organization, Cambridge University Press, vol. 3(3), pages 551-552, August.
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    More about this item

    Keywords

    globalization; financial system; crisis; economic system;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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