European Integration and globalization. The external factor – a solution for the post-adherence Romanian strategy

Abstract

The globalization of the last two decades brought about the broad awareness of the economic power and thetransforming valances of the trans and multinational corporations, the major role of the Direct Foreign Investments inthe the evolution of the national economies, of the delocalised fluxes of capital and of labour force migration. Thisstudy wants to note some aspects concerning the potential role of the multinationals upon the Romanian economy,the pro and con effects of their presence in the local, national areas. Not exaggerating the potential "negative" effects,it nevertheless has to be mentioned that globalization "did not reduce poverty and did not stabilise the economy" ofany of the developing or transitioning countries. Additionally, it can be clearly demonstrated that "the marketfanaticism", i.e. the doctrine promoted by all means – sometimes even through constraints – by the InternationalMonetary Fund aiming at the fact that "markets would lead spontaneously to economic efficiency", was deeplyvitiated, as Joseph Stiglitz warned. Considering such assumptions, what should be the Romanian reaction to thepost- adherence provocations?