Tag Archives: politici economice
Economic Challenges in the Context of Convergence
The economic crisis showed us that pro-cyclical policies, which Romania was also seduced by, make the recovery more painful. This is why it is important to discuss openly if and why is it worth creating big deficits exactly when the economic situation is good, instead of preserving fiscal space for “hard times”, when the economic expansion will be exhausted.
Responsible Economic Policies and Sustainable Growth
The Romanian economy is currently facing a context circumscribed to 3 post-stages: post-transition, post-EU accession, and post-crisis. These open a “new beginning” from an economic and institutional point of view. In this respect, a new development model must give up at least several illusions: first, the illusion that prosperity can be built on economic deficits and public debt, or on
The Romanian economy is almost built around the state budget
Fiscal policy does not need to solve only the quantitative and, often, circumstantial problems of the budget, as it happened, unfortunately, until now, but rather to solve structural, profound problems of the economy. At the same time, in my opinion, structural reforms should mean more than professionalizing the management and cleaning the SOEs sector. Consolidating the
The government does not need to do only what it is allowed by the fiscal framework, but it must adapt this framework in order to do what the economy needs
Economic liberalism is implemented not only through writing, but also through putting the economic logic into the equation of political decisions, and this does not necessarily or explicitly mean political action. But, in this equation, it is important how much of it is economic policy, and how much is politics about the economy and, sometimes, thanks to the economy. There exists a certain type
The Romanian capital is promisingly increasing
Firms with local capital developed promisingly in the past period, but they are waiting for even more positive signs from the state. It is important that the topic of Romanian capital does not become an argument against foreign capital, as the increase of foreign investment supports an even faster accumulation of Romanian capital, especially among SMEs. Romanian entrepreneurship can
