International financial crises - chance for Romania

Abstract

The international financial crisis can be a real chance for Romania. The international financial crisis has served to reveal the true and deep domestic economic crisis. Face to face with the real situation, using the European funds at full, the alternative financial support such as PPP, the particular natural and human potential, Romania could become the best in its historically traditional successful fields (such as agriculture) and position on innovative fields (such as high technologies of transport, new energy sources, research and development) by burning steps of development. This paper presents the present economic situation, what the unused tools are, what is the opportunity, and what monetary and fiscal policies can do.