ROMANIA IN A POST-CREDIT CRUNCH WORLD? A CAUTIONARY TALE FROM AUSTRALIA AND AMERICA

We present data on debt accumulation in Australia and the United States, and tentative data on Romania, to pose the question of whether Romania might experience a credit crunch as a result of the US subprime financial crisis. We develop a model of a credit crunch in a pure credit economy with endogenous money creation to show how changes in bank lending practices and borrower repayment behaviour can bring about an economic decline.Macroeconomics, Monetary Policy, Debt Deflation, Financial Instability

Utilization of e-Logistics in multinational companies to overcome difficulties of today’s economic environment

As the incredible growth of the Internet is changing the way corporations conduct their business. Logistics service providers must consider changing their traditional logistics system into an e-Logistics system in order to accommodate to the dynamic changes in the commercial world. The purpose of this study is to provide a better understanding of how organizations utilize e-Logistics within their supply chain and how to create a competitive advantage during the economic crisis so that losses be limited if not eliminated. To reach this purpose, two research questions are stated (two multinational companies), focusing the factors that influence the e-Logistics system. From the in-depth interviews and used to collect data, the findings show that the e-Logistics system can be described as a network creating value process. The findings further indicate that reliability factors, maintainability factors, software factors and facility, transportation and handling factors, all influence the e-Logistics system. On the other hand, availability factors, economic factors, organizational factors and test and support equipment factors are of low-level importance for e-logistics system. The second part of the paper focuses on how e-logistics will change the multinational traditional logistics systems and how we can measure (Key Performance Indicators) these changes.competitively, e-logistics, economic crises, measure (key Performance Indicators).

Application of Tuncay's language teacher model to business-customer relations

It seems that what has been said by now about market and competitiveness do not fit perfectly with competences of getting the best of profit. Sometimes, the classical methods of fundamentals of management do not apply to individual companies that face irregular accommodation on the market. It is high time to replace the perfect business with the right one. New approaches and models may help in identifying new competition trends, changes for better application of purposes and proposals.Comment: 5 pages, no figures, to be published in Int. J. Mod. Phys.

Buying Better For Your Money: The Smart Buyer’s Decalogue

There are lot of papers offering information on products and services. Some of them are potentially useful to consumers, while others remain simple and incomplete pamphlets without insight or significant research information. In their majority, these papers only analyze the consumers (in) satisfaction degree. This paper shows what to look for in comparing values of many basic frequently bought items and suggest potential good advices for valuable buys. This is more a philosophical attempt than an unreleased approach to determine what sources offering values can be used as basic personal comparisons issued on a large selectivity and low expenses. Smart shopping is a new concept that we are proposing to be studied. In our persepctive its field is greater than the simple purchase to cover a certain need that can open new areas of research, complex, n –dimensioanllz dynamic, ready to fit the new perception to see the consumer as an important busienss partner. The success in shopping is attainted when both consumer and sellers get fulfilled under a valuable partnership. With plenty of money, most could satisfy hidden and hollow hungers. But wise shopping isn’t only about money. Beyond the today shopping conditions buffing quite well, there are still people that get confusion and expenses. As such thing doesn’t make money to buy more, everything should be about buying wisely. Emotionally connected to increase personal satisfaction this can also make the shopping a sound activity. If consumers have learned their expenses lesson, this is the right time to learn something new, that shopping must be a pleasant activity in saving money, time and feelings, for both individual and society benefit.customer rights, rational purchases, smart shopping, partnership value

BEYOND THE LIMITS OF CRISIS

The recurrence of economic crises serves to illustrate the limits of neoclassical economics and the contemporary established models. The study of complex systems, evolutionary economics and interdisciplinary research offers the possibility of new developments. The concept of emergence represents an insightful argument against the well-planned and ordered nature of the social sciences universe. Complex systems research represents the viable alternative for sustainable growth in the following decades

A GAMES THEORY PERCPTION ON INTERSTATE COOPERATION: TRADE INCENTIVES IN THE BLACK SEA REGION AND THE IMPLICATIONS FOR ROMANIA

The international economic and political environment is constantly influenced by a wide and dynamic set of factors which constrain and preoccupy policymakers. The various interdependencies that potentially exist between certain business activities and state decisions are difficult to assess in the complexity that characterizes the real world. Thus, great efforts have been made in trying to create models that reduce the variety and dynamic of certain observations in order to grasp the evolutions and connections between individual factors. The relation that exists between the activity of trade and the probability of engaging in a conflicting situation has long been addressed and accepted as consistent, though sometimes with paradoxical outcomes. This article follows these previous notions and by using games theory principles and methods it illustrates the situation existing in the Black Sea region by trying to create a model or, in this case a game, that identifies the possible outcomes in relation to certain economic incentives.games theory, economic incentives, interstate conflict, static game, complete information game

Romania in a post-credit crunch world? A cautionary tale from Australia and America

We present data on debt accumulation in Australia and the United States, and tentative data on Romania, to pose the question of whether Romania might experience a credit crunch as a result of the US subprime financial crisis. We develop a model of a credit crunch in a pure credit economy with endogenous money creation, to show how changes in bank lending practices and borrower repayment behaviour can bring about an economic decline.Comment: 21 pages, 12 figure

Why society is a complex problem? A review of Philip Ball’s book – Meeting Twenty-first Century Challenges with a New Kind of Science

The 21st century is burdened by a series of dramatic changes and efforts are carried out to find potential solutions to consumerism, access to information, transient climate disequilibria, health care and demographic transformations. A new page in human history will bear witness to the introduction of new ways of thinking, new changes, new relationships and interconnections that transcend states and societies. The moment is ripe for individuals aware of the implications carried by global changes and challenges, to step up and encourage responsibility and sustainable development. Mankind is currently living in a data-rich world, where information is widely dispersed. Nevertheless, extracting the right assumptions and conclusions from the available data proves difficult as numerous social phenomena do not run with clockwork precision as the laws governing the Newtonian universe.Human awareness and intelligence demand a more responsible approach to all operations and steps should be made in determining the consequences and their impact. The goal of this paper is not restricted to providing a review but also to enforce certain ideas in relation to the complex interactions specific to society and economic activities

The impact of leadership styles on the social responsibility of industrial companies in Romania

This study aimed to examine the impact of leadership styles on the social responsibility of industrial companies in Romani. To achieve this objectives the study used descriptive analytical approach through develop questionnaire to collect data from the sample which consists (357) managers who work in industrial companies in Romani. A total of (340) suitable questionnaire were retrieved for statistical analysis, the study used Statistical Package for the Social Sciences software (SPSS. 25) to analyses the collecting data and test the hypothesis. The study results showed that, there is impact of Authoritative leadership on social responsibility of industrial companies in Romania, there is impact of Democratic leadership on social responsibility of industrial companies in Romania, there is impact of Facilitative leadership on social responsibility of industrial companies in Romania, and there is no impact of Situational leadership on social responsibility of industrial companies in Romania. In light of these findings the study recommended the need to pay attention to the quality of leaders who are appointed in industrial companies in Romania due to the clear impact of the quality of leadership at the level of social responsibility practices of companies.    &nbsp

MAS approach to political prospection and alliance analysis

The generalization of the Lotka-Volterra model (GLVM), to the N agents case is used in this contribution. The model is applied to model party alliances before election processes, as well as to prospect the final horizons of different candidates in Argentinian future elections which will take place on October 2011. The parameters of the model are setting using public polls. Romanian polls are used to validate the ansatzabout the meaning of the parameters considering the available data, as this election results are known