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Internet-Banking in Global Rural Area and Agribusiness Based on Bioeconomy for Sustainable Development of Agrifood Green Power in Forecasting the Periods 2020-2050-2100

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Author Info

  • Covaci, Brindusa

    ()
    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • Amalia-Geanina Strateanu, Brindusa Covaci, Alexandru T. Bogdan, Denis L. Diaconescu, Violeta Simion, Dan Tepus, Sorin Chelmu, Doru Gabor

    (Osterreichish-Rumanischer Akademischer Verein)

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    Abstract

    This paper discusses recent trend and evolution of internet monetary institution (monetary institution through Internet) for small village monetary institutions in rural areas in order to develop this area for smarter agribusiness based on bioeconomy. Many countries will continue depending on international trade to ensure their food security. It is estimated that by 2050 developing countries’ net imports of cereals will more than double from 135 million metric tonnes in 2008-2009 to 300 million in 2050. That is why there is a need to move towards a global trading system that is fair and competitive and that contributes to a dependable market for food. Reform of farm support policies in OECD countries is a welcome step which has led to a decline in the aggregate trade distortion coefficient from 0.96 in 1986 to 0.74 in 2007. Climate change and increased biofuel production represent major risks for long-term food security. Although countries in the Southern hemisphere are not the main originators of climate change, they may suffer the greatest share of damage in the form of declining yields and greater frequency of extreme weather events. Studies estimate that the aggregate negative impact of climate change on African agricultural output up to 2080-2100 could be between 15 and 30 percent. The applications of internet monetary institution of several local monetary institutions in rural areas are investigated and examined. The research objective is to investigate the trends and level of prevalence of on-line monetary institution (i.e., internet monetary institution) focusing on some emerging problems and challenges. Managerial implications are discussed with suggestions for future research.

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    Bibliographic Info

    Paper provided by Osterreichish-Rumanischer Akademischer Verein in its series Papers with number 2009/27.

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    Length: 10 pages
    Date of creation: 16 Jun 2009
    Date of revision:
    Handle: RePEc:ris:sphedp:2009_027

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    Keywords: eco-economy based internet banking; bioeconomy based internet banking; new paradigm for 2050 and 2100 - ecobioeconomics; bioecoeconomy; ecoeconomy; food security; social economy;

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