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Politicized Economy and Its Effects on Business Sustainability: A Case Study on Romania

In: Civil Society: The Engine for Economic and Social Well-Being

Author

Listed:
  • Mihai Florin Talos

    (Universitatea Emanuel Din Oradea)

  • Pop Ioan

    (Universitatea Emanuel Din Oradea)

  • Oncica-Sanislav Dan

    (Universitatea Tehnica Din Cluj-Napoca)

Abstract

Globalization produces contradictory results and creates important loopholes in the socioeconomic dynamics of the world. In light of world politics and recent developments, (such as the proliferation of nationalist and populist parties and of the isolationist ideas culminating in the Brexit), the globalization idealists begin to understand that globalization is not an easy process to govern, given the fact that it implies the cohabitation of non-heterogeneous, multicultural populations. Besides the challenge brought by the stirred global context, Romania faces another complex challenge, consisting in the unprecedented interfering of the political sector in the very pillars of the society: democracy, the state law, and the market economy. The present paper intends to investigate the extent to which the politicization of the economy could have a major impact on the stability of the Romanian economy as a whole and on the sustainability of local businesses, in particular.

Suggested Citation

  • Mihai Florin Talos & Pop Ioan & Oncica-Sanislav Dan, 2019. "Politicized Economy and Its Effects on Business Sustainability: A Case Study on Romania," Springer Proceedings in Business and Economics, in: Sebastian A. Văduva & Randolph Wilt & Ioan Fotea & Lois P. Văduva (ed.), Civil Society: The Engine for Economic and Social Well-Being, chapter 0, pages 63-78, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-89872-8_5
    DOI: 10.1007/978-3-319-89872-8_5
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