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Economic Growth By Increasing The Competitive Advantage

Author

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  • MATEI, Cristiana

    (”Costin C. Kiritescu” National Institute for Economic Research, Romanian Academy, Bucharest, Romania)

Abstract

The paper highlights the fact that studies, analyses, and researches are necessary in order to ensure long term economic growth and development; thus new ways to promote economic activities are discovered, by promoting products, works and services which take into account the increasing concern for the environment, for the personnel of the companies involved and for society in general. As a consequence, companies that are aware of the need for social and environmental reporting should be encouraged. Companies can develop a valuable resource by social and environmental reporting, which in turn increases their reputability. Therefore, environmentally sensitive companies negatively influence society and the environment at the operational level and are considered dangerous by society. Now, these companies can strategically change this perception to their advantage by social and environmental reporting.

Suggested Citation

  • MATEI, Cristiana, 2019. "Economic Growth By Increasing The Competitive Advantage," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 7(1), pages 223-228, October.
    • Handle: RePEc:vls:rojfme:v:7:y:2019:i:1:p:223-228
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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