What is at Stake for Romania in the Process of European Integration?

Economists consider the social impact of the economic phenomena from a somewhat detached analytical perspective. This article argues that the process of economic integration Romania is pursuing requires instead a more compassionate approach as the social burden looms large enough not to be ignored....

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Bibliographic Details
Main Author: Valentin Cojanu
Format: Article
Language:English
Published: European Institute of Romania 2003-09-01
Series:Romanian Journal of European Affairs
Subjects:
Online Access:https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol3_No3_What_is_at_Stake_for_Romania_in_the_Process_of_European_Integration.pdf
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Summary:Economists consider the social impact of the economic phenomena from a somewhat detached analytical perspective. This article argues that the process of economic integration Romania is pursuing requires instead a more compassionate approach as the social burden looms large enough not to be ignored. Romania is not in the position to capitalize in the short run on the economic or political advantages of the EU enlargement. As this argument suggests, the energy and economic policies should be directed in the near future to alleviate the consequences of declining gains from trade and to improve the existing capacity to increasingly compete in similar industries. The road to periphery with its associated effects of economic dualism and widespread poverty does not necessarily imply a geographic location, but failure to profitably take part in regional economic development.
ISSN:1582-8271
1841-4273