Theoretical and Applied Economics
No. 4 / 2020 (625), Winter
The European Union in the face of the prospect of achieving major objectives in the conditions of the pandemic and economic-financial crisis
Bucharest University of Economic Studies, Romania
Ștefan Daniel ARMEANU
Bucharest University of Economic Studies, Romania
Constantin ANGHELACHE
Bucharest University of Economic Studies, Romania
Abstract. The Member States of the European Union aim individually and at the same time in a complex way to achieve superior results, in order to ensure sustainable economic growth, which would be the main factor in improving living conditions. In this sense, that of the economic growth of the European Union and of all the Member States, it is important to initiate economic objectives with the participation of as many Member States as possible. At the same time, the individual development of each stratum is important so as to ensure harmonized growth in order to pursue the second objective, which is to bring the level of economic growth closer to all Member States.
Member States' individual investments, as well as those harmonized in the context of economic objectives, are the steps by which this challenge could be achieved, could be met. There are enough contradictions in the European Union, in the sense that some states that have entered the last tranche or the last stage in the European Union, have yet to set a series of individual objectives to ensure the elimination of dysfunctions and consequently, creating a harmonization of economic developments.
The question is whether the European Union is an appropriate framework, so that actors and partners can look with confidence and confidence to achieve major goals. The example of Brexit is one that brings a new possibility of insecurity, in the sense that the United Kingdom leaves a gap in terms of individual participation in the Community budget. Under these conditions, it is likely that the annual and multiannual budget will be slightly smaller and the lack of Great Britain in the entourage of the Member States will be able to be covered only by a sustained activity on multiple levels by the Community countries.
We have in mind the destructive effects that the economy of the member states will have, globally and individually, in the conditions of triggering and propagating the pandemic and economicfinancial crisis.
There are a number of objectives in the European Union's strategy that must be pursued in full accordance with the national strategies of the Member States. Only a harmonized policy can ensure a development closer to the aspirations and wishes of the Member States. The European Union is also manifested in a series of contradictions that exist between some Member States, which arise between what each Member State pursues and the global policy promoted by the European Union. In this regard, in this article we will seek to identify those points that may be positive aspects of harmonization of efforts or that are discordant and should be eliminated in order to reach a possibility of correlating the intentions and measures taken, so that it can be achieve some of the challenges facing the European Union. It should also be noted that between the United States and the European Union in economic, trade, tourism there are some different positions that can have an effect on the development of the European Union and its Member States within it.
Contents
The European Union in the face of the prospect of achieving major objectives in the conditions of the pandemic and economic-financial crisis
What determines the portfolio investment flows to Central and Eastern European Countries in the European Union 2001-2017?
Analysis of the correlation between taxation indicators and economic growth at the macroeconomic level in European Union and Romania
Measuring Adobe Company performance from the perspective of a Complex Adaptive System
Welfare enhancing uncertainty
Business process modeling. Using Unified Modeling Language to streamline the design of the TO-BE system within a company
Static and dynamic analysis of intra-industry trade of BRICS countries
Fossil fuel consumption, economic growth and CO2 emissions. Causality evinced from the BRICS world
Methods used in risk financing
Is there a relationship between economic welfare and innovation performance? Evidence from selected European countries
Analyzing Romania GDP: Final consumption, gross investment, and net exports influence compared to previously published models
Analysis of the natural movement of the population under the spectrum of the health crisis
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia
India and trade blocs: A gravity model analysis
Predicting the volatility in stock return of emerging economy: An empirical approach
Portfolio optimization with VaR approach: A comparative analysis for Japan, London, New York and India
Income-dependent impacts of financial development and human capital on economic growth. A non-stationary panel analysis
Monetary policy and exchange rate pass-through in India
Impact of medium of instruction in education on economic growth and development
Institutions and economic growth: A comparative analysis of developing and developed countries based on institutionalized social technologies index
Exports, imports and economic growth in India: An empirical analysis
BEPS – A challenge for the increasing budget revenues in the process of digitalization
Implementation of public policies. The compatibility of the model of public policy with the target space of the policy
Fiscal sustainability in Romania