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Bulgaria and Romania are neighbouring countries, which have always been rivals. Following the decision on EU … enlargement to include Bulgaria and Romania (late 1999) and with membership negotiations already started (2004), the race between …. The great divergence is lying primarily in the choice of monetary regime. While Romania continued to pursue and enhance …
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-Central European competitors. While the crisis purged Romania's inherited institutional “impurities,” the institutional mechanisms that …
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The paper attempts to do a comprehensive analysis on how spending patterns were affected by the most severe economic crisis since the oil shocks in the 70's. We have attempted to see which services have been significantly affected by the crisis, and whether social spending has risen and managed...
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