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Main Determinants of Living Standard in Modern Society


  • Haller Alina-Petronela

    (Romanian Academy, Iasi Branch)


In this paper we want to present, in a succinct and in a theoretically way, the possible relation between economic liberalization, human development and standard of living in the present society based, more than ever, on knowledge. It is known that economic liberalization is one of the phenomen that manifest themselves in increasingly active manner in recent decades so, nobody can denies its benefits especially on human development - economic and social main objective of all states, regional and global formations. Actually, the progress in human development translates into improved population standard of living. A better life, a decent standard of living for the greater share of people is the real proof of the effectiveness of economic and social processes including liberalization, economic growth and development and the motivation for future efforts to be made in this direction. Our theoretical approach will be made on the basis of some specific indicators characteristic to the analyzed processes, indicators compiled and made available by various international organizations in the field. These statistical figures will enable a comparison between the situation of some representative countries, including Romania.

Suggested Citation

  • Haller Alina-Petronela, 2011. "Main Determinants of Living Standard in Modern Society," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 930-936, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:930-936

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    living standard; modern society; knowledge society; development; growth; liberalization.;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development


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