Features of the Regional Development and Decentralization in Romania. A Comparative Analysis of the Regions of Romania

Nowadays, global economy has to face some difficulties, especially since the financial crisis is still a present factor in our economy. This research paper emphasizes the importance of adopting, especially during instability periods, coherent measures by all those who have the power of decision in terms of local budgetary revenue collection and expenditure destination. It is necessary that the regional development dimensions to be conceived according to the diversity of nations, their historical background, but also the cultural, economic and social development discrepancies. We have also underlined the connection between regional development, local autonomy and decentralization, mainly the administrative decentralization, as these concepts define the transfer of responsibilities for the planning, financing and management of certain public functions from the central Government to subordinate units or regional and local authorities. The article focuses on the Global Index of Development and its specific indicators which reveal region’s social-economic and financial performance.