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Triggering the Globalized Economic Crisis. Effects and Instruments to Fight It

Author

Listed:
  • Silvia Gherghel

    (Romanian Court of Accounts, District Chambers of Accounts Hunedoara, Romania)

Abstract

The economy of decline, with the type of problems that characterised a big amount of the economic activity of the 1930s, aspects that have not been met until now, has made a forceful comeback, taking into consideration the fact that 15-16 years ago nobody would have thought that the modern nations would be forced to suffer the severe effects of this recession, only for fear of the currency speculators, and that the big advanced nations will find themselves incapable to generate sufficient expenses to maintain the workers and economic agents employed. The world economic system has proven to be much more dangerous. The financial crisis of the United States has spread in the states of Asia, Europe, etc., as a consequence of the economic globalization, and not only.

Suggested Citation

  • Silvia Gherghel, 2009. "Triggering the Globalized Economic Crisis. Effects and Instruments to Fight It," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(1), pages 269-274.
    • Handle: RePEc:pet:annals:v:9:i:1:y:2009:p:269-274
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    Cited by:

    1. Claudia Isac & Codruța Dura & Florin Cristian Ciurlău, 2011. "The Expansion of FDI Flows – A Major Factor of Globalization," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(4), pages 139-150.

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