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CONTEMPORARY TENDENCIES AND ASYMMETRIES IN THE E.U. UNEVEN ECONOMIC GROWTH AND GLOBAL GROWTH DIFFERENCES

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Author(s): Iovitu Mariana

Journal: Annals of the University of Oradea : Economic Science
ISSN 1222-569X

Volume: 1;
Issue: 2;
Start page: 98;
Date: 2011;
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Keywords: globalization | economic growth | financial protectionism | unequal development | economic relaunch

ABSTRACT
Being in the phase of searching for the best socio-economic recipe, Europe is facing two tendencies: economic revival and global growth differences. Both processes require subsequent management at a local, national and European level in order to reduce the socio-economic risks. Facts, arrangements and decisions with European consequences are unreeling, currently, heavy and slow due to the lack of cohesion between the European and the national interest. Economic politics form a European level, on currently relevant economic crisis, have an impact on social changes exacerbated by the resources crisis and the environment's critical state. The economic crisis's domino outcome overshadows the Europe's social and economic future, and will suffer. Currently, the conflict between national and community interest (trade and financial protectionism) generates tensions between European countries, creating asymmetries regarding economic relaunch. Economic performance implications on the social ones are the basis for 'operating trilemma' of the European economy. Balancing the budget, reducing the economic inequalities, the increase in the employment level , initially formulated in the Lisbon treaty, remain, further on, in actuality regarding the relaunching the European economy.
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