Annals of Spiru Haret University
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    DEVELOPING A SUSTAINABLE FUTURE BY IDENTIFYING AND UNDERSTANDING THE LIMITATIONS OF THE PAST. A REVIEW OF “DEBUNKING ECONOMICS: THE NAKED EMPEROR OF THE SOCIAL SCIENCES” BY STEVE KEEN

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    One of the first arguments presented in the start of the book and extensively discussed latter on, is the impossibility of providing a generalization of human behaviour. The pattern of behaviour is central in the economic theory, as all phenomena are illustrated and modelled using this starting point. While actions and preferences can be rigorously modelled at microeconomic level, in most situations, when depicting the society as a whole, further conditions or hypothesis are required.The author sheds light on the improbable or even unrealistic character of such hypothesis, that fail to hold true when confronted with the real world market. From the notion of utility, initially laid down by Bentham, to the development of indifference curves and aggregate consumption patterns, expanding the theoretical work from an individual scope to a wider, community level, requires the adoption of less than logical assumptions such as that all participants have the same preferences and, if obtaining an increase in revenues, they would continue to express the same needs and expectations

    ACTION GUIDELINES FOR EFFECTIVE MANAGE LABOUR MIGRATION – CASE STUDY FOR ROMANIA

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    The relationship between migration, growth and development is complex. Moreover, in Romania, relatively little is known about this phenomenon, especially due to the fact that the magnitude of flows of workers is insufficiently determined and structured. This leads to assuming a certain degree of caution when political and institutional implications and alternatives are discussed.To support the effective management of labour migration, this study will analyze migration policies considered barriers against mobility and structural characteristics of migration flows by using databases published by the Italian and Spanish authorities. The paper concludes with action guidelines to maximize the positive and minimize the negative effects of migration for Romania, and implicitly for Romanian citizens

    MODERN APPROACHES ON DEFINING FOOD QUALITY ON THE EU MARKET

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    This paper seeks to prove that, on the EU food market, foodstuff quality presently has a very active complex dynamic dimension determined by the current consumer – agricultural and food industry relationship, apart from its technical dimension as derived from quality standards. This relationship comes as the result of the deep transformation that the food market has undergone in EU member states following the target-oriented action of the European Union aimed at solving the historical food-related issue of its members. Understanding the phenomena characteristic of the current food demand-supply relationship on the EU agricultural and food market and the way this market functions is very important for Romania’s integration in the European Union. This relevance derives both from economic aspects that these phenomena imply and social implications for everyday life

    Financing resources available for local economic development

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    This paper reveals that domestic credit is becoming more involved in local economic development, even if it is considered an expensive resource. The loans are presented as a resource available for various “actors” of the local community – individuals, business agents and local authorities.

    Approaches for conceptualizing customer satisfaction and perceived service quality

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    Customer satisfaction and perceived service quality seem to be in a permanent struggle to get unspoiled attention from marketers; thus, service companies should be aware of various approaches for conceptualizing their similarities and differences. The relationship between these concepts seems to be unclear and, therefore, marketing specialists should constantly monitor the factors that influence customer satisfaction of services and the importance perceived service quality has among these factors

    The irrigation system in Brăila – a farmer economic focused approach

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    In the present context marked by ever increasing global climate changes, the use of irrigations in agriculture represents not only an option but more and more a necessity for ensuring a higher yield of agricultural products whose demand increases every year based on population growth. The present paper focuses on the specific elements of the irrigation systems from Brăila County, the way the farmers have access to and the different implications derived by using these systems. The paper turns to quantitative analysis of available statistical data and qualitative analysis of the interviews with local farmers focused on economic efficiency of the water used for irrigations. 

    Some aspects concerning the financial security of the country

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    Given the increasingly globalized economy, in which the inter-dependencies of economic, financial, social, cultural, environmental, as well as other issues are widening, the maintenance and defence of attributes pertaining to sovereignty, independence and national security of each country, become a real and worthy challenge.In other words, the question arises, how could a country, especially one such as Romania, located at the intersection of particularly important geostrategic interests, manager, to converse national attributes of sovereignty, independence and security, while also fulfilling its obligations deriving from international treaties and bodies at which it is a party. 

    An analysis of the crises’ cyclicity in the market economy

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    The social-economic phenomena and processes have a cyclical character, which falls within the natural development of the economic activity. Periodically, national economies or certain economic branches are affected by states of crisis, of unbalance, which disrupt the normal course of the economic activity and development. The occurrence of fluctuations in the economic field gives birth to economic cycles, defined as the time separating two economic or financial crises. Crises represent a deregulation, a sudden disorder of the economic balance, but they are necessary in the sense that they “are an indispensable sanction of management errors” and the problem is not the elimination of all crises, but only of those which “weigh heavily on the economic activity and are a systemic risk”. The main causes of an economic crisis are of a political, social or financial nature. Romania has been affected by the crisis at the commercial level, its exports being reduced and at the financial level, by the limitation of the access to external financing, reflected in the depreciation of the domestic currency. The analysis of the Balance of External Payments (BEP) in the period January-October 2011, shows that the deficit of current account of the BEP was of 4,097 million Euros, having fallen by 9.5% comparing to the same period of 2010, a situation explained by the reduction of the trade deficit by 12.7%.

    The role of internal control and financial audit in implementing European financed projects from European social fund category

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    In the beginning we have discussed the role of internal control inimplementing European financed projects by the European Social Fund, typePOSDRU and PODCA. The paper continues by emphasizing the mainrequirements presented in ISRS 4400 entitled “Missions based on agreed-uponprocedures regarding financial data” for the auditing of ESF financedprograms.Later on, we have focused on some defining criteria incorporated inCAFR guides and resolutions for POSDRU type European projects accordingto the European Directives standards. Furthermore we have analyzed somerequirements mentioned in the Beneficiary Manual elaborated byAMPOSDRU and AMPODCA in relation to the audit for POSDRU andPODCA type projects. In the end, we have presented the conclusions andsuggestions we have come along as a result of our research

    Unbalances on the education and innovation market – enhancement factor of the crisis in Romania. A liberal approach

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    The paper starts from the identification of imbalances on the education and innovation market in Romania. The implications of each of these imbalances on the amplification of the crisis are explained. Solutions are presented and estimates are made of resources to be allocated to restore that balance. The imbalance and economic growth issues and even demands of the knowledge economy aim to be addressed from a liberal point of view.The paper includes the following chapters: introduction, the position of education and innovation resources in the fight for development against the crisis, the shortage of places in kindergartens – serious problem in pre-school education, the lack of funding for research, projects possible for a real deficit. The position of education and innovation resources in the fight for development is presented in accordance with international accounting standards, the economic science and the present radical liberal current. The last chapter lists specific projects and “My city, city of innovation” and “Internet/TV platform for pre-university education” projects are being detailed. Statistical data which is available at public authorities is used and the information from blog debates is being valued.

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