Some countries did better than others during the current crisis, with Romania counting to the first category, said Professor Joseph Stiglitz on Thursday, while in Bucharest where he is to deliver an address on the impact of the economic crisis on South-East European countries, at the Central and South-East European Financial Forum organized by Forum Invest.
In the opinion of the winner of the Nobel Prize in economics, Romania was able to resort to regulations on reserve cutting, it had a robust demand before the crisis and a healthy set of banking regulations. Professor Stiglitz believes that the very fact that it is a small state (in comparison with the U.S. - Ed. note) integrated in such a large market like Europe (which however faces problems itself), is yet again an element that benefits our country.
more in:
http://www.actmedia.eu/2009/05/22/top+story/joseph+stiglitz:+romania+has+an+edge+over+other+states+/20840
Ruin-Nation
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