ROMANIA’S AUSTERITY POLICIES IN THE EUROPEAN CONTEXT
The economic recession starting in 2007 with the collapse of the US Bank Lehman Brothers triggered waves of economic shock across the world. Various states were hit more or less hard through different mechanisms and reacted with different intensities to adjust to the crisis situation. In this ar...
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| Format: | Article |
| Language: | English |
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National University of Political Science and Public Administration, Bucharest
2014-06-01
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| Series: | Romanian Journal of Society and Politics |
| Online Access: | http://rjsp.politice.ro/files/June2014/arpad.pdf |
| Summary: | The economic recession starting in 2007 with the collapse of the US
Bank Lehman Brothers triggered waves of economic shock across the world.
Various states were hit more or less hard through different mechanisms
and reacted with different intensities to adjust to the crisis situation. In this
article, I employ a comparative methodology to assess the austerity policies
undertook by Romania during the Great recession period as regards the
policies adopted at the level of other EU member states. Thus, I aim to
offer an initial evaluation of the degree of similarity of Romania’s recession
policy responses to that of some other EU member states, and the degree to
which Romania can be labeled as an outlier. The comparative analysis tests
the explanatory power of three different theoretical approaches on the causal
factors explaining variation in policy responses: power resources theories,
functionalist approaches and blame-avoidance. |
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| ISSN: | 1582-5795 2393-3224 |