MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA
The world economy is facing one of the worst economic crises since the Great Depression (1929-1933). The economists' forecasts assume that their effects will go beyond the extent of an economic crisis. The Romanian economy could not remain unaffected by these effects, given its dependence on...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2021-08-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2021-04/07_Bucata.pdf |
| _version_ | 1811308587185602560 |
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| author | George BUCĂŢA |
| author_facet | George BUCĂŢA |
| author_sort | George BUCĂŢA |
| collection | DOAJ |
| description | The world economy is facing one of the worst economic crises since the Great Depression (1929-1933). The
economists' forecasts assume that their effects will go beyond the extent of an economic crisis. The Romanian economy
could not remain unaffected by these effects, given its dependence on global economic mechanisms and its integration
into European and global value chains. In addition, the structure of the Romanian economy makes it vulnerable to the
effects of COVID-19: primary resource processing and mechanical engineering, the main areas that contribute to GDP
formation, are the ones that are mostly hit by the recession and the service sector is exposed to restrictions during a
pandemic. The Romanian economy is experiencing one of the largest contractions in Europe at 12.3% (according to
Eurostat) and is only surpassed by those countries whose GDP is based on tourism – Spain, Croatia, Greece, Hungary,
Portugal, France, Italy. |
| first_indexed | 2024-04-13T09:25:43Z |
| format | Article |
| id | doaj.art-aafd36052f254d53ba028bfafd457f3e |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-04-13T09:25:43Z |
| publishDate | 2021-08-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-aafd36052f254d53ba028bfafd457f3e2022-12-22T02:52:27ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072021-08-0145062MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIAGeorge BUCĂŢA0“LUCIAN BLAGA” UNIVERSITY, SIBIU, ROMÂNIAThe world economy is facing one of the worst economic crises since the Great Depression (1929-1933). The economists' forecasts assume that their effects will go beyond the extent of an economic crisis. The Romanian economy could not remain unaffected by these effects, given its dependence on global economic mechanisms and its integration into European and global value chains. In addition, the structure of the Romanian economy makes it vulnerable to the effects of COVID-19: primary resource processing and mechanical engineering, the main areas that contribute to GDP formation, are the ones that are mostly hit by the recession and the service sector is exposed to restrictions during a pandemic. The Romanian economy is experiencing one of the largest contractions in Europe at 12.3% (according to Eurostat) and is only surpassed by those countries whose GDP is based on tourism – Spain, Croatia, Greece, Hungary, Portugal, France, Italy. https://www.utgjiu.ro/revista/ec/pdf/2021-04/07_Bucata.pdfcrisis managementhealth managementcrisis communicationcovid-19 managementcovid-19 government policieseuropean union policies |
| spellingShingle | George BUCĂŢA MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie crisis management health management crisis communication covid-19 management covid-19 government policies european union policies |
| title | MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA |
| title_full | MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA |
| title_fullStr | MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA |
| title_full_unstemmed | MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA |
| title_short | MANAGEMENT ANALYSIS OF THE IMPACT OF COVID-19 IN ROMANIA |
| title_sort | management analysis of the impact of covid 19 in romania |
| topic | crisis management health management crisis communication covid-19 management covid-19 government policies european union policies |
| url | https://www.utgjiu.ro/revista/ec/pdf/2021-04/07_Bucata.pdf |
| work_keys_str_mv | AT georgebucata managementanalysisoftheimpactofcovid19inromania |