From Governing To Governance

The last two decades are characterized, on global settings, by social, economic and technological transformations unprecedented in magnitude and depth. As a consequence – in the present – economics, in general, and the business world, in particular, find themselves in continued change, being exposed to risks and uncertainties. Future trends reinforce the belief that we are going through a period of permanent turbulences, in which the business administration at all levels must be realized in a new vision and framework. In this context, the concept of Governance is more and more discussed, as a new way of governing at different levels (global, national, regional etc.), which must be connected to the government sector and all private actors and civil society. In the economic practice of Romania, the notion of Governance – although frequently mentioned – is less understood in term of conceptual, methodological and applicative approaches. This study aims to clarify these aspects