EuroEconomica, Vol 30, No 4 (2011)

Abstract

The economic downturn revealed the negative consequences of low absorption of communitarian financial assistance. The lack of interest shown by the Romanian policy-makers in attracting structural funds both in the pre-adhesion and post-adhesion periods is reflected by the poor quality of infrastructure, poor quality of goods but also in the reduced production capacity and reduced access at professional training. The book emphasizes the huge potential for reshaping Romanian economy by the absorption of Structural and Cohesion Funds and reveals the importance of this financial and technical assistance in achieving real and nominal convergence with the communitarian average.