Aspects of Price Competitiveness in the Context of Preparing for Accession to the Euro Zone. New Challenges for Entrepreneurs. Romania’s Case

Autor: Lucian Claudiu ANGHEL, Florina Magdalena PÎNZARU, Mihaela DINU
Jazyk: angličtina
Rok vydání: 2014
Předmět:
Zdroj: Management Dynamics in the Knowledge Economy, Vol 2, Iss 3 (2014)
Druh dokumentu: article
ISSN: 2286-2668
2392-8042
Popis: In the process of preparing a state for the accession to the Euro Zone it is essential to analyze the price competitiveness of that state’s economy and the challenges that entrepreneurs will have to face in the new economic environment. In the present paper the authors want to capture some aspects of the competitiveness of the Romanian economy and implicit its entrepreneurs with emphasis on price competitiveness, whereas accession to the Euro Zone implies giving up to the independence of exchange rate policy, with a huge impact on price competitiveness. For this purpose this study will highlight a few elements on the relative importance of price competitiveness of entrepreneurs’ exports performance. The process of accessing Euro Zone creates significant changes in the existing way of conducting business and impacts significantly entire business environment – and this will become evident also for Romania.
Databáze: Directory of Open Access Journals