1,767 research outputs found
THE ROMANIAN MIGRATIONAL EVOLUTION PHENOMENON
Get PDFIn our contemporary democratic society the migration phenomenon meets unknown valences in any previous societies. Free will and right to self-determination, much exploited by the XX century society., raised the possibility of interpretation of migrationmigration, unemployment, effects of migration, labor market
FOREIGN DIRECT INVESTMENTS AND DOMESTIC INVESTMENTS IN ROMANIA IN THE ECONOMIC CRISIS PERIOD
Get PDFInvestments represent one of the most important factors of the economic growth as well as of the exit from crisis and economic re-launching. The paper analyzes the investments evolution (foreign and domestic) in Romania under the crisis circumstances, taking into account the main factors of influence. Based on the analysis of Romania’s investment process, in the period 2005-2010, several proposals are made aiming at the improvement of investment mechanisms and their sources of funding, including the increase in Romania’s absorption capacity of EU structural and cohesion funds in the period 2007-2013.investment; economic growth; foreign and domestic investments; economic crisis; sources of funding
CHALLENGES, VULNERABILITIES AND WAYS OF APPROACH IN ROMANIA'S EXTERNAL DEBT SUSTAINABILITY
Get PDFThe notion of a country's external debt, measured by a complex system of static and dynamic indicators, knows a lot of approaches and opinions in the literature, more or less convergent, complementary and advanced in terms of factors. Indicators of the external public and private debt on short, medium and long term provide a snapshot of indebtedness of the country and are the most researched domain in the literature, including national and international financial bodies, which adopt a series of classification criteria of countries in terms of size and dynamics of external debt. In this study, we intend to make an analysis of the volume, dynamics and structure of the current Romania's foreign debt, showing the challenges for national economic policies, present and perspective, the internal and external vulnerabilities and ways of approaching the external debt sustainability. According to the definition given by UNCTAD, a sustainable foreign debt is that level of debt which: - allows the indebted country to pay all current and future debt service without resorting to restructuring or rescheduling;- prevents accumulation of arrears and defaults;- in parallel provides an acceptable level of growth in the lending country. Until recently, Romania was considered a country with a low external debt. Currently, the situation has changed, meaning that this debt, somewhat neglected in the early transition period has become a serious threat to present and future sustainability of economic development in Romania. In general, external debt concerns financial and economic interests of all parties especially creditors and debtors, by the formula "win-win", so that, currently, some countries have surplus of balance of payments, usually the most developed and economically healthy, while others have deficits that, in extreme situations, can lead to inability to pay the debt, which means tough measures and policies, especially for the living standards of many generations of taxpayers.
ROMANIA IN EU CONTEXT. COMPETITIVENESS AND KNOWLEDGE-BASED ECONOMY
Get PDFThe paper analyses Romania’s competitiveness and knowledge-based economyin an EU comparative context for the 2006-2007 period. The main compared pillar-indices are the following: global competitiveness index;higher education and training; technological readiness; business sophistication; innovation.Each pillar index is disaggregated into several relevant sub indices. Comparisons are madebetween Romania and EU-25, EU-10 (new member states since 2004), Bulgaria and Turkeyon the basis of positions and scores of each country or group of countries, within a totalframework of 131 countries. The size of Romania’s digital divide vis-ÃÂ -vis EU-25 can beused as a tool for national priority setting and better policies regarding catching up andconvergence processes in digital economy.competitiveness; knowledge-based society; national and international value chains;catching-up; convergence; digital divide; brain drain; knowledge creation, absorption and diffusion.
Technical Change as Exogenous or Endogenous Factor in the Production Function Models. Empirical Evidence from Romania
Get PDFAs technical change is nowadays largely accepted to be an engine of economic growth, researchers have tried to include it explicitly in the economic growth models, either as an exogenous or endogenous factor of influence. Using the framework of the aggregate Cobb-Douglas production function in its classical form, as well as in several refined variants, we estimated the elasticities of production factors for Romania over the 1990-2007 period, finding that technical progress has had a small contribution to the economic growth.technical change, R&D, exogenous and endogenous factors, growth models, Cobb-Douglas production function
Romania's Pension System Between Present Restrictions and Future Exigencies
Get PDFIn Romania of today the largest part of available incomes at old age is ensured by pensions, and the most important source is constituted by the public system. The reform of the multipillar type system - is delayed, already regulated but still partially non-operational - is aimed to the youth of today as future or junior contributors to the system. Only young persons under 35 might plan and think about the level and structure of the intended old age pension. Older generations do not have a viable perspective towards financial independence in old age; quite on the contrary they are faced with far more limited options, which include: - participation to the public system, but the expected pensions shall be comparatively far more diminished (in accordance with estimates, the transfer rate in the public system shall be substantially diminished); - the contribution to funded private systems, but on a pretty high background of uncertainty - distrust against market operators, diminished possibilities of contribution due to low incomes, low estimated rates of profitability (for shorter contribution' periods); - The recourse to specific social assistance services for the third age as addition is more a desiderate than an alternative, Romania having a lot more to achieve in this sense. The projected system is not adequate for persons with low incomes or for the medium term future pensioners.
THE IMPACT OF GLOBAL CRISIS ON ROMANIA’S ECONOMIC DEVELOPMENT
Get PDFThe world is passing through the most difficult economic and financial crisis inthe history, which severely affects its stability in the long term, risking an uncontrolled slideinto chaos and uncertainty. The housing market crisis emerged in the United States in July2007, due to multiple interferences generated by the globalization, has spread to otherregions, triggering the world economy into recession. The study is trying to present the maincauses and characteristics of the crisis, with special attention to its impact on Romania, whichhas witnessed a severe economic downturn in the first half of 2009, registering a sharpdecline in industrial production, construction sector, exports and also in the lending activity.To deal with high budget deficit and liquidity pressures in the short term a financingagreement with international organizations has been concluded. But, in the long term, theexternal debt burden is increasing, the sustainable development of Romania facing new risksarising from both the global crisis and the internal vulnerabilities.international financial crisis, global recession, causes and effects of the crisis, anti-crisisremedies, external debt, sustainable development.
Organizational change: the role of organizational culture and employees' trust in their managers
No full textThis study was conducted in a third world economy to find the role of organizational cultural traits of involvement and adaptability on employees’ readiness for change and consequently successful implementation of change at the organizational unit level. Employees’ trust in their managers was considered as the moderating variable. The study was conducted in a large public sector organization and a banking company that remained in the public sector for more than three decades. The overall results revealed similar patterns of outcomes in terms of readiness for change, trust effect, and change outcome. Although the relationship between the cultural traits of involvement and adaptability and the success of change was not supported for lack of adequate outcome performance measures, these traits were significantly responsible for creating readiness for change in employees. Also, against the expectations, the positive relationship between adaptability culture and readiness was stronger when trust in managers was low rather than when it was high.M.S.Includes bibliographical referencesby Shahid Zaman Kha
Some theoretical and practical lessons to be learnt from Romania economic crisis challengesin Romania
No full textThe present article has as a main theme the complex mechanism regarding the evolution of world global economy crisis started back in 2008, and its present influence at the level of Romanian economy.
This paper herein will analyze, in short, a few of the theoretical, methodological, practical and implementation challenges brought about by the crisis in Romania, as well as the likely ways to prevent, mitigate impacts and resist to its shocks or to go back to the path of a sustainable economic growth
Evlenmeyin: Nasıl, Ne Zaman Ve Kiminle Evlenilebileceği Üzerine Tavsiyeler
Get PDFJames W. Donovan's "Don't Marry" ( Evlenmeyin Nasıl, Ne Zaman Ve Kiminle Evlenilebileceği Üzerine Tavsiyeler) is an advice book written in the late 19th century that deals with the institution of marriage and partner selection. Translated into Turkish by Umut Yarım, this work starts from the premise that marriage is a serious partnership rather than a romantic dream. The author warns young people against making hasty decisions and lists the points to be considered to achieve happiness in marriage. The book covers topics such as the characteristics of the ideal spouse, character compatibility, the importance of financial status, and the difficulties that may be encountered in marriage in detail. While seeking answers to fundamental questions such as "Who to marry?" and "When to marry?", Donovan also examines the causes of unhappy marriages. Although the work reflects the social norms of the period, it encourages the reader to make conscious and prudent choices by offering universal observations on human relationships. The author's aim is not to reject marriage completely, but to protect against the regrets of marriages made with the wrong person or at the wrong time.James W. Donovan'ın "Evlenmeyin" (Don't Marry) adlı eseri, evlilik kurumunu ve eş seçimini ele alan, 19. yüzyıl sonlarında yazılmış bir tavsiye kitabıdır. Umut Yarım tarafından Türkçeye çevrilen bu çalışma, evliliğin romantik bir hayalden ziyade ciddi bir ortaklık olduğu gerçeğinden yola çıkar. Yazar, gençleri aceleci kararlar vermemeleri konusunda uyarır ve evlilikte mutluluğu yakalamak için dikkat edilmesi gereken hususları sıralar. Kitapta, ideal eşin özellikleri, karakter uyumu, maddi durumun önemi ve evlilikte karşılaşılabilecek zorluklar gibi konular detaylı bir şekilde işlenir. Donovan, "Kiminle evlenmeli?" ve "Ne zaman evlenmeli?" gibi temel sorulara yanıt ararken, mutsuz evliliklerin nedenlerini de irdeler. Eser, dönemin toplumsal normlarını yansıtmakla birlikte, insan ilişkilerine dair evrensel gözlemler sunarak okuyucuyu bilinçli ve sağduyulu seçimler yapmaya teşvik eder. Yazarın amacı evliliği tamamen reddetmek değil, yanlış kişiyle veya yanlış zamanda yapılan evliliklerin getireceği pişmanlıklardan korumaktır
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