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The Transportation Safety And Security – Possible Anchors Of Prosperity In The Age Of Globalisation

Author

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  • CHIRIAC Claudiu

    (The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania)

  • ZAVERA Ioana-Coralia

    (The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania)

  • MURARIU Răzvan

    (The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania)

  • HURDUZEU Gheorghe

    (The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania)

Abstract

If growth and economic development so far occupied the first place in the concerns of national economies, global phenomena and the new economy have led to the focus on preoccupations to two other concepts, well-being, and prosperity, which consider a multitude of indicators more or less quantifiable. The Gross Domestic Product, as well as the average income of the population, can provide information on the level of development. The Legatum Prosperity Index has among its variables the safety and security component, which, as the index shows, transmits information on the level of prosperity. A hypothesis considered is that the transportation sector has an important role to play in generating prosperity, so it is worth analyzing the average revenue, passenger numbers of one of the safest transportation modes according to EU transport figures - Statistical pocketbook 2018 – the rail transportation – in the Central and Eastern European countries. Therefore, there is a possibility of a correlation between the variables in order to explain a small part of the phenomenon of prosperity from the perspective of safety and security, an indicator that should be included when talking about the quality of life.

Suggested Citation

  • CHIRIAC Claudiu & ZAVERA Ioana-Coralia & MURARIU Răzvan & HURDUZEU Gheorghe, 2019. "The Transportation Safety And Security – Possible Anchors Of Prosperity In The Age Of Globalisation," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 253-258, July.
  • Handle: RePEc:ora:journl:v:1:y:2019:i:1:p:253-258
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    More about this item

    Keywords

    prosperity; transportation infrastructure; safety and security; quality of life.;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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