The USV Annals of Economics and Public Administration, Vol 10, No 3

Font Size:  Small  Medium  Large

The strategic effects of the recession

Gheorghe Vaduva


The financial crises are big crisis, crisis of system, with chaotic and unpredictable developments. They are an effect of creation and tendencies to autonomy of a system which goes to became dominant and sovereign, but extremely vulnerable to the condition’s variation. The analysis which we have made on some segments of these crisis’s effects led to the conclusion that their impact is and will be peculiarly strong especially on those major components of the security1s risk management. The effects generated by the crisis are rolling on in complicated chains which trend to multiple in uncontrollable developments, to became radical and to explode starting economic, social and military collapses which multiplies the challenges, the defiance, the dangers and threats, amplify the vulnerabilities to these and increase, in a significant way, the risk level, crossing a lot over the strategic security level. It is unlikely that such crisis to evolve to a maximum of conflict called war, as it happened with 1929-1933 crisis which generated, mostly, the World War II, but we can not exclude that these effects could still generated another king of war, more complicated and more subtle. The effects of present crisis are still looming and it is hard to predict how they will develop in the future. NATO is on its way to elaborate the strategic concept while EU already applies the Lisbon Treaty. Both documents, with essential political and strategic value, are elaborated and finalized during a profound crisis which has effects on all levels, especially in the economic, social and military fields and also regarding the geopolitical and geostrategic reconfigurations, which are in a new dynamic of the interdependent sovereign, within a new power unbalance and against a new possible intensification of the battle for resources and markets.

Full Text: PDF

                     Ştefan cel Mare University of Suceava                   Faculty of Economics and Public Administration


Licenţa Creative Commons
The articles in this journal are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License .

Since 2008. Maintained by Livius.