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


  • Florin Bonciu

    (Romanian American University in Bucharest)


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.

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  • 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

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    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.
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