Romania: The Challenge of EU Accession Cover Image

Románia: Az EU-csatlakozás kihívása
Romania: The Challenge of EU Accession

Author(s): Daniel Dăianu
Subject(s): Economy
Published by: Globális Tudás Alapítvány

Summary/Abstract: Romania's economic performance has improved substantially in recent years; this motivated the European Commission to grant it the status of a "functioning market economy" in 2004. But this status cannot obscure significant weaknesses with regard to financial discipline, enforcement of market regulations, transparency and stability of the regulatory framework, the public administration and the judiciary, and strain in the pension system. According to the former Romanian finance minister the deepening of reforms is needed in order to make the economy stronger, capable of withstanding pressures inside the Union. The EU can play an exceptional part in Romania's transformation and modernization drive; it is an extraordinary chance to overcome the trap of backwardness, to accomplish a secular quest for modernization. But is does matter how Romania accedes to the EU, and how it will fare afterwards, something for which its public policy is highly accountable.

  • Issue Year: 2005
  • Issue No: 02
  • Page Range: 103-122
  • Page Count: 20
  • Language: Hungarian