IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v13y2018i2p7-14.html
   My bibliography  Save this article

Global Trends Regarding The Increase Of The Role Of States In Internal And International Economic Relations. Implications For Romania

Author

Listed:
  • Florin Bonciu

    (Romanian American University in Bucharest)

Abstract

The paper identifies a number of causes that explain the increase of the role of states in internal and international economic relations during the past decade. The causes are both internal (such as the increase of inequality in developed countries, the demographic changes taking place in all countries, the climate changes, the implications of the beginning of the 4th industrial revolution) and international (the emergence of new economic powers in the world economy, the manifestation of military tensions and conflicts, the trend towards the rethinking and replacement of post World War II institutions and mechanisms). Under these new circumstances it seems that the only available entities that can attempt to provide at least reasonable solutions for the challenges mentioned above are the states which may alleviate the inequality issues by new redistribution mechanisms (such as the Universal Basic Income) or may try to find acceptable ways of better dealing with economic partners by means of bilateral and plurilateral negotiations, besides the existing multilateral frameworks. This new and rapidly changing international environment has certain implications for Romania that has to design a new strategy and vision for an effective and efficient participation in the global economy towards the time horizons of 2030 and 2050.

Suggested Citation

  • Florin Bonciu, 2018. "Global Trends Regarding The Increase Of The Role Of States In Internal And International Economic Relations. Implications For Romania," Romanian Economic Business Review, Romanian-American University, vol. 13(2), pages 7-14, June.
    • Handle: RePEc:rau:journl:v:13:y:2018:i:2:p:7-14
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/SU18/REBE-SU18-A1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Guido Tabellini, 2005. "The Role of the State in Economic Development," Kyklos, Wiley Blackwell, vol. 58(2), pages 283-303, May.
    2. Alberto Gabriele, 2010. "The Role of the State in China's Industrial Development: A Reassessment," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 52(3), pages 325-350, September.
    3. Blyth, Mark, 2013. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199828302, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    2. Jörg Bibow, 2018. "How Germany’s anti-Keynesianism has brought Europe to its knees," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(5), pages 569-588, September.
    3. Karsten Kohler & Engelbert Stockhammer, 2022. "Growing differently? Financial cycles, austerity, and competitiveness in growth models since the Global Financial Crisis," Review of International Political Economy, Taylor & Francis Journals, vol. 29(4), pages 1314-1341, July.
    4. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-François & Persson, Eric, 2022. "Ideology and monetary policy. The role of political parties’ stances in the European Central Bank’s parliamentary hearings," European Journal of Political Economy, Elsevier, vol. 74(C).
    5. Ivo Arnold, 2021. "An Interest Stabilisation Mechanism to Unburden the ECB," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(5), pages 274-277, September.
    6. Clément Fontan & François Claveau & Peter Dietsch, 2016. "Central banking and inequalities," Politics, Philosophy & Economics, , vol. 15(4), pages 319-357, November.
    7. Samuel Brazys & Aidan Regan, 2016. "These Little PIIGS Went to Market: Enterprise Policy and Divergent Recovery in European Periphery," Working Papers 201517, Geary Institute, University College Dublin.
    8. Sparke, Matthew, 2017. "Austerity and the embodiment of neoliberalism as ill-health: Towards a theory of biological sub-citizenship," Social Science & Medicine, Elsevier, vol. 187(C), pages 287-295.
    9. Arunas Juska & Charles Woolfson, 2015. "Austerity, labour market segmentation and emigration: the case of Lithuania," Industrial Relations Journal, Wiley Blackwell, vol. 46(3), pages 236-253, May.
    10. Moritz Rehm, 2021. "Tug of War over Financial Assistance: Which Way Forward for Eurozone Stability Mechanisms?," Politics and Governance, Cogitatio Press, vol. 9(2), pages 173-184.
    11. Philipp Heimberger & Jakob Kapeller, 2017. "The performativity of potential output: pro-cyclicality and path dependency in coordinating European fiscal policies," Review of International Political Economy, Taylor & Francis Journals, vol. 24(5), pages 904-928, September.
    12. Josef Hien, 2020. "Cultural Political Economy: An Alternative Approach to Understanding the Divergences between Italian and German Positions during the Euro Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 58(4), pages 1056-1073, July.
    13. Silvia Bertarelli, 2006. "Public capital and growth," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
    14. Manuel B Aalbers & Ewald Engelen, 2015. "Guest editorial," Environment and Planning A, , vol. 47(8), pages 1597-1605, August.
    15. Tim Congdon, 2015. "In Praise of Expansionary Fiscal Contraction," Economic Affairs, Wiley Blackwell, vol. 35(1), pages 21-34, February.
    16. Andrew Baker, 2015. "Varieties of Economic Crisis, Varieties of Ideational Change: How and Why Financial Regulation and Macroeconomic Policy Differ," New Political Economy, Taylor & Francis Journals, vol. 20(3), pages 342-366, June.
    17. Nils Redeker & Stefanie Walter, 2020. "We’d rather pay than change the politics of German non-adjustment in the Eurozone crisis," The Review of International Organizations, Springer, vol. 15(3), pages 573-599, July.
    18. repec:hal:spmain:info:hdl:2441/4vc7skecu3q7u7s984pgpg64m is not listed on IDEAS
    19. Beraldo, Sergio & Montolio, Daniel & Turati, Gilberto, 2009. "Healthy, educated and wealthy: A primer on the impact of public and private welfare expenditures on economic growth," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(6), pages 946-956, December.
    20. William Mitchell, 2015. "Eurozone Dystopia," Books, Edward Elgar Publishing, number 16478.
    21. Andreas Eisl, 2020. "The Ambiguous Consensus on Fiscal Rules," SciencePo Working papers Main hal-03053976, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rau:journl:v:13:y:2018:i:2:p:7-14. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/ferauro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alex Tabusca (email available below). General contact details of provider: https://edirc.repec.org/data/ferauro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.