The reconstruction of the institutional system during the process of transition to the market economy

In the socio-economic system, the institutions represent a real structural frame on which the entire economic edifice is standing, inclusively the mechanism of functioning of the economy. The economic processes cannot take place in a normal way without an institutional system made up of a complex network of rules and organizations. Because the transition to the market economy also implies the edification of a new institutional system based on new principles and realities, one also imposes a theoretical and practical analysis of the institutions, of their transformation and adaptation to the new circumstances in order to make the normal economic life possible.institutional system, transition, reform, privatization

The Costs of the Sustainable Development at the Beginning of the 3rd Millennium

Presently the climate changes at a global level show, from the point of view of the effects that they generate a great importance. The real threat for the human survival is not the terrorism, but the climate changes determined by the global warmth. In this article starting from the definition of the concept sustainable development and of the theoretical preoccupations and practices from this field, we would like to approach some aspects related to the costs that the humankind has to bear at the beginning of this millennium in order to fight against the global warming. The different environment projects are very expensive and produce effects in time. Because, these projects were not treated as they should be, the humankind faces now a situation where important financial resources have to be used in order to solve the environment problems. In other words, one has to solve the environment problems from the past in order to produce in a competitive way for the future.sustainable development, Kyoto protocol, carbon credits

THE CORRELATION BETWEEN RESEARCH & DEVELOPMENT AND THE ECONOMIC GROWTH IN ROMANIA

The increasing productivity of production factors, due to progresses in science and technology is today the engine of economic growth. The economic theory managed to endogenize the technical progress, first as a result of the unintended activities of firms, then as the result of profit driven behaviour of economic agents. In globalization the stock of knowledge becomes available also to developing countries and the production technologies and their employment are more democratic regarding the availability. For the developing countries it still remains the problem of financial resources and availability. Developing new technologies has a prohibitive costs, at least until the moment in which large scale production allows for the reduction of costs. Long term economic growth will depend on the creation of global technology stock, including the leverage effect of sustained R&D. In this paper we will approach the progress of Romania in the area of knowledge base economy, especially regarding the policies in the R&D sector.knowledge economy, economic growth, research&development

Is China’s economic growth a danger for others economies?

Extrapolating past real GDP growth rates into the future, the size of the Chinese economy surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest economic power by almost any measure. The extrapolations are supported by two types of considerations. First, China’s growth patterns of the past 25 years since the beginning of economic reforms match well those identified by standard economic development and trade theories (structural change, catching up, and factor price equalization).max. economic growth, growth accounting, growth forecasts, development theories, human capital formation

AMERIKA I EUROPA: GLOBALIZACIJA I PROMJENE GEOSTRATEŠKOG OKRUŽENJA

This study discusses the post 9/11 events and the changing  geostrategic environment. It does so by drawing on American and  European history. Particular emphasis is placed on external shocks  experienced by America and how such shocks changed the country’s external relations particularly with Europe. It stresses the need to  improve the quality and quantity of information if these relations are  to be mutually productive. This is especially, but not exclusively, the  case in economic and monetary policy, banking, finance and capital  markets. Section II draws on several historical episodes in American and European relations. Section III discusses what is to be done.  Section IV discusses who will do it.Rad obrađuje događaje nakon 11. rujna i promjene geostrateškog okruženja. To čini oživljavajući američku i europsku povijest. Posebni naglasak stavljen je na vanjske udare koje je pretrpjela Amerika i kako su takvi udari promjenili međunarodne odnose zemlje, naročito s Europom. Naglašena je potreba za poboljšanjem kakvoće i količine informacija kako bi ti odnosi bili uzajamno produktivni. To je naročito, ali ne isključivo, slučaj u ekonomskoj i monetarnoj politici, bankarstvu, fi nancijskim i kapitalnim tržištima. Poglavlje II prikazuje nekoliko povijesnih epizoda u američkim i europskim odnosima. U poglavlju III raspravlja se o tome što treba učiniti. Poglavlje IV govori o tome tko će to učiniti

The Study Related to the Execution of a Triangulation Network in the Dump of Rovinari Pit, in Order to be Restored to the Economic Circuit

The lignite mining extraction within the mining perimeter in Rovinari is carried out through mining works in the open, by using large equipments for the excavation, transport and storage of the mining material. These surfaces are currently being set up in the area of level two of the dump, the west and north-west part of Rovinari pit. In order to carry out the set-up works and of follow-up of the stability of the pit levels it is necessary to maintain the triangulation network