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Romania's economic expansion between 1999 and 2003.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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INTRODUCTION Located in Southeastern Europe by some accounts and in Central Europe by others, Romania benefits from an enviable strategic position. The country also enjoys generous access to the Black Sea (Bartleby.com, 2000). These geographical coordinates have played and will continue to play a significant role in the context of a united Europe. Romania's prosperous economy between the two World Wars took a progressively negative turn beginning in 1947, when the country fell under the Soviet Union's sphere of influence. Nineteen eighty-nine marked an unprecedented turning point in recent modern history - the Cold War came to an abrupt end. Romania freed itself from its dictator and from its communist regime (Bartleby.com, 2000). Since then, the country has been passing through a transition period, as it attempts to compete economically with its neighbors and the rest of Europe. In 1995 Romania gained associate membership status to the European Union (EU), which offered...
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