Globalization and sustainable development – the need for stronger integration and international cooperation in the environmental area

The rapid expansion of economic integration (an important driver of globalization) led to the need of synchronizing national level policies on a variety of issues.  One of the areas that require coordination is our fragile surrounding environment. This paper argues that central to this initiative is the need for international cooperation. The study is mainly based on theo-retical and conceptual arguments which explore the multifaceted relationship between globalization and sustainable development (the core objective of the paper). We will firstly demonstrate the ways in which globalization affects the environment, then debate upon the encountered challenges (relying mainly on the need for cooperation) and finally discuss and recommend collective global action as a solution to maximize the opportunities globalization posits to sustainable development. The authors will also rely on practical examples and data to offer consistency to the debate

ECONOMIC MEASUREMENTS OF SOCIAL AND INTANGIBLE ASSETS: WHERE DOES ROMANIA STAND AT SUSTAINABLE DEVELOPMENT?

Sustainable economic development, no matter the geographical area it is applied to, relates to improving living standards and incorporates a new focus and challenge for the economy: the measurement of intangible and social assets. This article aims to present Romania’s ranking among other countries. First of all, it analyses the rationale for measuring social aspects, in the context of the emrging new economy. The essential point here is that investing in intangibles produces more welfare on long term and improves labour productivity, creating a more competitive and knowledge based economy and society. Secondly, several indices are presented and the ranking for Romania is analysed, in order to provide a systematic view and debate upon the importance of social and intangible assets and their ways of measurement at a country level. We consider that our study's results are just a starting point for possible future theoretical and empirical investigations. This paper seeks to develop in Romania a framework of understanding the value of social and intangible assets and their importance for sustainable development. We appreciate that such a study could be a quite useful approach for both the academic and business communities in our country.knowledge economy, intangible assets, sustainable development,economic development, globalisation

Implications Of Payments For Ecosystem Services Based On The Redd Programme

Deforestation and forest degradation, through agricultural expansion, conversion to pastureland, infrastructure development, destructive logging, fires etc., account for nearly 20% of global greenhouse gas emissions, more than the entire global transportation sector and second only to the energy sector. It is now clear that in order to constrain the impacts of climate change within limits that society will reasonably be able to tolerate, the global average temperatures must be stabilized within two degrees Celsius. This will be practically impossible to achieve without reducing emissions from the forest sector, in addition to other mitigation actions. Reducing Emissions from Deforestation and Forest Degradation (REDD) is an effort to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. “REDD” goes beyond deforestation and forest degradation, and includes the role of conservation, sustainable management of forests and enhancement of forest carbon stocks.deforestation, Reducing Emissions from Deforestation and Forest Degradation (REDD), payments for ecosystem services, implications

GLOBALIZATION AND SUSTAINABLE DEVELOPMENT – THE NEED FOR STRONGER INTEGRATION AND INTERNATIONAL COOPERATION IN THE ENVIRONMENTAL AREA

The rapid expansion of economic integration (an important driver of globalization) led to the need of synchronizing national level policies on a variety of issues. One of the areas that require coordination is our fragile surrounding environment. This paper argues that central to this initiative is the need for international cooperation. The study is mainly based on theo-retical and conceptual arguments which explore the multifaceted relationship between globalization and sustainable development (the core objective of the paper). We will firstly demonstrate the ways in which globalization affects the environment, then debate upon the encountered challenges (relying mainly on the need for cooperation) and finally discuss and recommend collective global action as a solution to maximize the opportunities globalization posits to sustainable development. The authors will also rely on practical examples and data to offer consistency to the debate.globalization; sustainable development; integration; inter-national cooperation; environment