Essays /

The Effects Of Government Intervention Essay

Essay preview

University of Al. I. Cuza, Iasi
Faculty of Economics and Business Administration
Year - 1st

Effects of Government’s Intervention
Case study – Romania

Chiriac Alin-Adrian
Ciobanu Irina
Leustean Luiza Elena
Sticea Cristian Gheorghita
Topciu Ioana Tatiana

Summary

1. Introduction
2. The Government
a. Objectives
b. Organisation
c. Legislative process
d. Legislatives initiatives
3. Government’s Role In The Economy
e. Stabilisation and Growth
f. Taxes
g. Import restrictions
h. Wholesale interest rates
i. Government speeding
4. Case Study – Romania
5. Conclusion

Introduction

What is the government? What is the role of the government? How does the government influence the economy? What can we say about the effects of the government influence in Romania? These are some of the questions that we will try to answer during our case of study.

We are citizens of a society, and our society is based on proper rules enacted and enforced by the high powers of our states. We need to act responsibly and inform ourselves, as much as we can, regarding this problem.

The people from the government, how did they get there? How is the government organized? How are they elected? By which criteria are these people elected? What are their attributes and what are their initiatives? We must know if they directly influence our lives, our economy!

Taxes, import and export restrictions, tariffs, wholesale interest rates are only a part of the government’s duties to be established. Is the government’s money, in fact our money? And if they are our money, how do they spend it, on what, and why? These are some things that must concern us.

And now, we should focus on our country, Romania, and, of course, on ourselves. Even though Romania is a country of considerable potential in most of the fields, its economy is very fragile. Our economy is strong related to the European economy, and some of these connections between our economy and the international economy are made by the government.

Most of the people tend to blemish the president, the government, the parliament etc. for the fragility of our economy, and to us it might seem not to work, but we have to bear in mind that this is the effect of the whole nation’s actions and of the world’s as well.

In the pages that follow we presented subjectively and objectively our ideas concerning the effects of the government’s influence on Romania’s economy, starting with explaining that is the government and which is the government’s role in the economy. The Government

Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized. Government is the means by which state policy is enforced, as well as the mechanism for determining the policy of the state. A form of government, or form of state governance, refers to the set of political institutions by which a government of a state is organized. Synonyms include "regime type" and "system of government". The word government is derived from the Latin verb gubernare, an infinitive meaning "to govern" or "to manage". The Government is the public authority of executive power that functions on the basis of the vote of confidence granted by Parliament, ensures the achievement of the country's domestic and foreign policy and that exercises the general leadership of public administration. The Government is appointed by the President of Romania on the basis of the vote of confidence granted to the Government by Parliament. Objectives

The Government has the role of ensuring balanced functioning and development of national economic and social system, and its connection to the world economic system while promoting national interests. The Government is organized and operates in accordance with constitutional provisions, on the basis of the Governmen...

Read more

Keywords

-2010 000 1 1.3 10.5 12.4 13.6 19 1970s 1979 1981 1988 1989 1990 1990s 1992 1993 1994 1996 1999 1st 2 2.59 2004 2005 2006 2007 2008 2009 2010 2011 24 25 27 3 30 33 37.91 4 4.2 5 6 7.1 70 8 80 abil absenc access accord account achiev act action activ actual ad addit adjust administr adopt adrian adult affect age agenc agenda aggreg agre agreement agricultur al alin alin-adrian almost along also although alway amount annual anoth answer apparatus appoint approv april arabl arbitr area arrear artifici assist associ assum attempt attract attribut auster author autonom avail away b balanc balkan balloon bank base basi basic bcr bear becom begin behav behind benefit best bilater billion black blemish bodi borrow bought bound break bucharest budget build bulgaria bundl bureaucraci busi buy c calcul call capit capita carpathian case cash caveat ceausescu cec central cernavoda certif challeng chang charact chemic chiriac ciobanu citi citizen cloth coal coalit code codifi coffer collect collectiv come commerci commiss common communic compani compet competit complet complianc compon compos concern conclud conclus concret condit conduct confid congress connect consequ consid consider consist constitut consum consumpt contempl continu control convey coordin corp cost could council countersign counti countri cours court creat creation credit creditor crisi cristian criteria critic cultiv cultur currenc current cut cuza d de debt decemb decis declar declin decre decreas deep deepen deficit delay demand depart depend deriv despit detail deterior determin develop differ difficult direct disburs discriminatori distribut distributor distrigaz divers divid document dollar domest draft dramat drop due duti dweller e e.g e.on earli earn east eastern ebrd econom economi economist educ effect effici effort efta eib eight either elder elect electr elena elimin embark employ enabl enact encompass end energi enforc ensur entail enterpris entiti equilibrium establish etc eu europ european even event everybodi everyth exampl exceed except exchang execut exercis eximbank expand explain export extern f facilit fact factor faculti failur fall farmer farmland fascin favour februari feder fell field final financi firm first fiscal five float flow focus follow food forc foreign form formal four fragil framework franc free fuel full function fund futur g gas gaz gazett gdp general generat germani get gheorghita given global go goe good govern govt grant group growth gsp gubernar guid h hand hard havoc health heavili heir help helsinki henc high higher highest hike histor hit home hous howev hydro iasi idea imbal imf imf-agre impact impedi implement import impos inabl inadequ includ inclus incorpor increas indefinit independ industri ineffici infinit inflat inflationari influenc inform infrastructur initi institut integr intend interest interior intern intervent introduct invest invit ioana irina issu januari know known labour land larg largest late latin law layoff lead leadership leas least legal legisl less let leustean level liber limit live loan local long long-term longer lose loser lot low lower lowest luiza made maintain major make manag mani mansion manufactur march margin market maximum may mean measur mechan medium meet member mention mfn mid might militari million mind minist ministri minus modern modest mold monetari money mountain much multipl multipli must nation natur need negat negoti neighbour net neutral never nevertheless new non non-discriminatori nord novemb nuclear object oblig obstacl offic offici often oil on-hand one oper opportun oppos opposit order ordin organ organis organiz origin otherwis overal overhaul own owner ownership pace packag page paid parcel parliament part parti particular partner pay peac penalis pension peopl per percentag perhap permit phase physic pictur piec place plant play polici polit politician poor poorer posit post post-decemb postpon potenti power pre pre-access precautionari precis prefect prefer present presid pressur previous price prime print privat problem process produc product profit program progress project promot proper prosecut protection prove provid provis public publish purchas pursu push put question quota rang rapid rare rate rather ration reach reactor receiv recess recipi reconstruct redistribut reduc refer reform regard regim region regist reintegr relat remain rememb renunci repres reschedul resid respons restor restrict restructur result retail return revenu revers review revolut rich right rise role romania romanian ruhrga rule run sale save say scheme sea second secretariat sector seem seen sell sens sensit servic set sever shall share shield shock shoe short short-term sign similar sinc singl size slash slight slow small social societi sometim sought sourc special specif specifi speed spend stabil stabilis stage standard start state state-own status steadi steadili steel sticea still stoke strict strong structur studi style subject subordin subsidi subsidiari substanti succeed success sud suffer suffici summari summit suppli support surfac synonym system take taken target tariff task tatiana tax taxat technic tend term theori thing think though thousand threat thus tight time titl topciu total touch tourism trade transfer treati trend tri turn two type u.s underreport understand unintend union univers unpreced unprofit us usaid use valu vat verb vital vote wage want way welcom well west western western-styl whole wholesal whose winner within word work world worth would wreak year zero