THE MACRO-RISK OF DOING BUSINESS IN CENTRAL AND EASTERN EUROPE

What happens when the company that creates country and company rankings is guilty of fraud? The economymust re-evaluate the way it is establishing the hierarchy of business “heroes” and how it classifies the transnationalcorporations and how countries rank after they are screened for their intermediate ranks at political, economic,financial and country level.This paper studies the phenomenon of transnational relations and the pressure of multiculturalism on corporategovernance done in countries that are situated in the Central and Eastern part of Europe and have as commoneconomic characteristic the fact that they are emergent markets

FROM “PRE-ECONOMICS” TO THE DEVELOPED INFORMATIONAL ECONOMY – A SCIENTIFIC REVIEW

During the 5000 years of economic evolution (considering the oldest textbooks available today) that produced an organic evolution and economic entanglement, but which led in our days at a turning point for the global economy. Why choose to present the economic spark from the beginning of the first recorded writings? Because we deal with the big picture – a framework that represents “life” and the economy that isn’t loaded with the evolution of ethics, moral and informational, the initial picture shows the purity of the early civilization, naked by the actual’ modernist add-ons. This research paper is an overview of the main ideas that molded the actual economic life by creating a bridge between the “pre-economy” period when trade was based on thievery or unvalued exchange till the development of today’s economic science, that has as defining point Adam Smith and his view on economic development through the its power engine – self interest and the human being.human development, business cycle, utility, enlightenment, consumption, self-interest

The old-new tension and the productive force transformation model

This paper will develop a theoretical and applied approach of a special case which appeared in a media company, The New York Times Company, company which ownes the newspaper with the biggest global circulation, aproxamtively 1 million copies sold daily, printed and electronic, „The New York Times”. This case represents the appearance of linking and coordination component between new (online) and old (print). To have the biggest stakes, the new coordination must borrow from the initial coordionation resources. This needs a captious equilibrated balance scale. The new coordination must be distinctive from the initial one, because a new organisational design implements the phenomenon of forgetting into the initial coordinates. The two business units must be connected, although interactions between the new and the old coordination will create unavoidable frictions. Only when the new coordination is distinct and connected with the initial coordination, both will forget the previous systems and will create an intra-business, mutually beneficial borrowing. This paper will illustrate the pattern/model of elaborating/developing/implementing in a strong represented business on a market, which wants a new complementary approach to the initial model of doing business.challenge to forget, communication, innovation, online-business, tension

ECONOMIC STRATEGY CREATED THROUGH THEORY FOCUSED PLANNING

The research done for this article is following the elaboration of a moldable model on the actual economic context, in which there are considered continuous learning elements on facts and commercial niches, evaluating a business starting from causality diagram and structuring its processes. Analyzing the evolution of a business and on the market in which they are deploying their activity through quantitative and qualitative measurement methods focused on trends. Testing hypotheses and business suppositions that are the main engine of theory focused on planning, a model of creating a strategic management process that will be developed in this article.cause diagram, output, strategic experiment, theory focused planning, trend

Transferring business intelligence and big data analysis from corporations to governments as a hybrid leading indicator

Any economic system, be it micro, at the size of a corporation; be it macro, at the size of a state, forms groups, micro: joint-ventures; macro: state unions. These groups represent the complex work unit for the evolution towards economic advance from globalization’s perspective, but to ignite the cooperation and collaboration engine there is needed a spark for economic systems, especially from the idea to implement the corporatestate governance hybrid work model. This complex system that is presented in this research paper is on the need to shift the proposed solution and the way it can be implemented and developed. Furthermore, it is mandatory not to forget the elements created in the information era, especially the development of the transfer process and of the quantitative flow that is composed of available information. The main idea is in using Business Intelligence strategies that help shift the entire macro-environment from the corporate sector towards the public sector (Ailenei, 2006: pp. 17-20), the governmental area of the decision making economy and as a result we have an intelligent model that offers growths unseen before and with no boundaries on implementing this solution as a new path of taking over the “new economy”

Models and theories in a frictions and wage rigidities labor market

Unlike the classic market vision, where demand and supply meet immediately, at no cost, and prices are determined in such a way that demand equals supply, in the real world frictions occur in the searching process, the price offers of one of the parties are considered too high, be it the goods or services market, the real estate market or the labor market, so there are imbalances that vary over time, excess supply or excess demand. In this paper we aim to present the main models and theories in a labor market characterized by friction and wage rigidity, starting from contributions in the field of “frictions on search-based markets” by Peter A. Diamond, as well as from works belonging to economists Dale T. Mortensen and Christopher A. Pissarides, who developed and adapted the Diamond model to make it applicable to the labor market, thus resulting in one of the most used models for the analysis of unemployment and wage formation

The generational divide – A debate on technology and the decision-making process

Technology has become an essential part of modern daily life and society, influencing different aspects of human existence. This article examines the complex connection between technology and society, focusing on the differences between generations such as Gen Z and Millennials compared to Gen X and Boomers. It aims to clarify how societies might effectively utilise technological progress for their benefit. An essential aspect of this investigation is the recognition that the incorporation and assimilation of technological advancements into society structures are crucial milestones in achieving their advantages, particularly from a governmental standpoint. Furthermore, the study explores the profound influence of technology on society, with a specific focus on its ability to enhance digital supremacy, technological expertise, and generational progress. Moreover, the research examines the mutually beneficial connection between technology advancement and economic growth. It highlights the crucial importance of technological progress in stimulating economic growth, explaining how the ongoing development of technology stimulates innovation, promotes economic activity, and influences global economic conditions, including the tensions arising from different generational advancements

Forecasting the Romanian inflation rate: An Autoregressive Integrated Moving-Average (ARIMA) approach

The primary objectives of this paper are to empirically create an univariate Autoregressive Integrated Moving-Average (model) using Box-Jenkins methodology to forecast Romanian inflation and inspect the prediction performance of the estimated model between October 2021 and October 2022. This study uses Ordinary Least Squares (OLS) technique for estimation purposes. On the foundation of different selection assessment and diagnostic criteria, the best model is selected to predict inflation in Romania in the short-run. We find that ARIMA (7, 1, 1) model is a suitable one under model identification, parameters estimation, diagnostic checking, and inflation prediction. In-sample forecasting is performed and the estimated ARIMA model reasonably tracks the actual inflation in the sample period

Globalization of the corruption phenomenon – human capital gone wild

This research article tries to analyse the way corruption evolves and finds its fine tuning in developed countries around the world. Corruption represents a disease similar to a cancer that consumes organizations, entire societies, cultures or economic and political ideologies, all these being vital for the survival of the species in an almost normal social environment. Through this research the authors try to emphasize the true nature and relationship between corruption and social evolution and economic growth of a mature economy

The implications of institutional specificities on the income inequalities drivers in European Union

This paper aims to review the different impacts of income inequality drivers on the Gini coefficient, depending on institutional specificities. In this context, we divided the European Union member states in two clusters (the cluster of member states with inclusive institutions / extractive institutions) using the institutional pillar as a clustering criterion. In both cases, we assesed the impact of income inequality drivers on Gini coefficient by using a fixed effects model in order to examine the role and importance of the institutions in the dynamics of income disparities.The models were estimated by applying the Panel Estimated Generalized Least Squares (EGLS) method, this being weighted by Cross-section weights option. The separate assessment of the income inequality reactivity to the change in its determinants according to the institutional criterion represents a new approach in this field of research and the results show that the impact of moderating income inequality strategies is limitedin the case of member states with extractive institutions.Comment: 18 page