Romania is the second poorest country in the Eurozone. To think that reaching to this country for a relief from finances was unheard of. This is exactly what one man thought, but was proven to be wrong. After living in Barcelona working on a railroad that was put to a halt do to insufficient funds from the government, Mr De Marco was transfered to Romania to supervise the building of a $90 million tramline. Hesitant on how his living situation was going to change he was quickly corrected by not only living in luxury, but it was almost half the price of living in Barcelona. The countries currency, the lei, has given the country many advantages. The lei and it's stance with the other European nations currencies has given it the chance to excel on exports and it's cost of living is lower. Other good points are that in countries like Spain, the unemployment is 25% where as in Romania it's only 7%.
http://www.nytimes.com/2012/11/04/world/europe/resilient-romania-finds-advantage-in-a-crisis.html?ref=world
Reading an article about the advantages and disadvantages of a weaker dollar, I am translating this to any currency. This will help to give prof on why living in a country with a weaker currency can actually be a benefit. Having a weaker currency means that you are likely to export more goods to other countries. The weaker your currency to the other countries, the cheaper it is to them to buy your goods. Another advantage is that local product is cheap for the local citizen. Foreigners can afford to visit the country, because in comparison to their currency it is cheap. This will bring business to the country, selling local goods and benefit the traveler as well as the country. This is how Mr. De Marco benefited when he moved from Barcelona to Romania. The thought of the poorer countries conditions may have seemed as a downturn, but in reality, he is living life at a lower cost. Though these are good things about having a weaker currency, there are the down sides too. Like imports which are important to any nation, is more expensive to the weak currency host country.
http://www.123helpme.com/strong-or-weak-dollar-is-better-view.asp?id=167500
2 comments:
Nice post. I like the way you start and then conclude your thoughts. Thanks for this information .I really appreciate your work, keep it up :)
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