EU Enlargement between Economic and Political Criteria

• Author: Romeo Ionescu
• Position: Professor, PhD, Danubius University of Galati, Faculty of Economic Sciences, Romania
• Pages: 147-154

EU Enlargement b

Abstract:

The paper answers at two

and

Is the Euro area able to enlarge

competitors: EU, USA, China and

rates. T he second part of the paper

Euro area, Croatia and Latvia, i n ord

of the two-

level analysis are suppo

statistical database – Eurostat –

and

adhering processes from 2013 and 20

Keywords:

adhering process; growth

JEL Classification:

R11; R12; R13

1. Introduction

The global crisis is the greatest chal

programs in order to start the eco

economic growth rates. On the othe

rates as its main global economic

recovery is worst across Euro area.

The economists became very interes

and Latvia future adhering to the

movements have solid economic ba

First step is an analyses based on

Second level is that connected to a f

two enlargemen

ts on EU and Euro ar

2.

Global Economy under the C

During 2011-

2012, the main econom

is not easy to realise stabilisation a

EU.

The global economic evolution

rate, unemployment rate and inflatio

According to GDP growth rate, there

actors (see Figure 1).

1

Professor,

PhD, Danubius University of G

Romania. Tel.: +40372 361 102, f

ax: +40372

Performance and Risks in the Eu

rop

t between Economic

and Political Criter

Romeo-Victor Ionescu

1

wo important questions: Is the EU able to support new adhering p

rge in 2014? The comparative analysis in the paper covers four

d Japan, and is based on GDP growth rate, unemployment and

er deals with a n econo

mic f orecast during 2015-

2016, f ocused

order to discuss the effects of the adhering to EU and Euro area. T

pported by pertinent diagrams and annexes. The analysis uses

nd dedicated forecast software. The main conclusion of the paper

2014 are based on economic and political criteria.

wth rate; unemployment

rate; inflation rate; sustainable developme

13

allenge yet. All world economies implemented econo

economic recovery. Some of

them succeeded in ac

ther hand, EU27 was not able to obtain the same eco

ic competitors: USA, Japan and China. Moreover,

rested when EU announced Croatia adhering to the E

the Euro area in 2014. The problem is that these

basis. The paper deals with compara

tive analysis duri

n latest official statistical data and covers 2011

-

201

a forecast for 2015

-

2016, in order to analyse the first e

area.

e Crisis’ Impact

omic actors faced to great socio

-

economic difficulties.

n and to support modest economic expansion,

especia

ion may be analysed using three p ertinent indicators

tion rate.

ere are great disparities between the most important gl

Galati,

Faculty of Economic Sciences, Romania.

Address: 3 Ga

372 361 290

. Corresponding author: romeo.v.ionescu@univ-

danub

opean Economy

147

teria

g processes?

ur economic

and inflation

ed on EU27,

. The results

es a n

eutral

er is that the

ment

nomic and social

achieving better

economic growth

er, the economic

e EU27 this year

se two strategic

uring two levels.

014 time period.

st effects of these

ies. As a result, it

cially across the

ors: GDP growth

global eco

nomic

Galati Blvd, Galati,

nubius.ro.