The paper analyses some of the challenges that economic sciences face during theglobal crisis. Ideologically, the crisis caused a fierce debate between the adherents of theultraliberal theory regarding Adam Smith‘s ‘invisible hand‘ and the supporters of stateinterventionism suggested by...

Development is the upward directional movement of society from lesser togreater levels of energy, efficiency, quality, productivity, complexity, comprehension,creativity, enjoyment and accomplishment. These attributes are both the means for achievingdevelopment as well as its most characteristic...

The paper analyses Romania’s competitiveness and knowledge-based economyin an EU comparative context for the 2006-2007 period. The main compared pillar-indices are the following: global competitiveness index;higher education and training; technological readiness; business sophistication;...

Globalization is a concept that, for the past decades, carried on dreadful fears, as well asgreat expectations. Defined as a process of global intercommunication and interconnection ofeconomical, political, cultural forces and actors, globalization leads to a global network that...

Local entrepreneurial potential remains an untapped resource in the economy of Romania,firstly because of the deficient access to information for the majority of the population, and secondly thefear of daring action and taking some risks. Therefore the European Union, through its...

Globalization in the literature can be described as an absence of barriers and bordersof trade. Starting from this definition, and expanding the sides of this theory, we can generalize thatglobalization is an increase of permeability in the traditional economical boundaries includingcultural and...