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Theoretical and Applied Economics
No. 12 / 2008 (529)

A New International Economic and Financial Order

Nicolae Danila
Vicepresident of Romanian Academy of Scientists

Abstract. The today’s world is trying to find solutions to problems related to the global recession, which is accompanied by a deep financial crisis. In the present article we are set to make a dynamic analysis of the causes that led to the emergence of the economic crisis and also of the catalysts that made possible its spreading to a global scale. Another important point of our research will be the correct identification of a viable set of solution to the present crisis.

Keywords: global recession; financial crisis; inflation; monetary policy; growth; depression; fiscal facilities; economic and financial order.

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