The increasing integration of Romania in the global economy is a reality of the last years, proved through a constant growth of the foreign trade with other countries, which exceeded, in terms ofdynamics, both GDP and industrial production. In the first part of our paper, we intend to analyze...

Human resource is currently the most valuable wealth of a nation and carries with it the most important principle of development; it is about innovation, without which competitiveness is unthinkable. Romania is part of the “catching–up” group of countries in innovation. In order to assume...

In the European Union countries and neighbouring regions, the expansion will produce a redistribution of the labour force between industries and countries. After the Romania's adhesion to the European Union, the need for an increased productivity, the lack of capital, the competition on the EU...

The concept of globalization refers to the growing interdependence of countries, resulting from the increasing integration of trade, finance, investments, labor markets and ideas in one global marketplace. The most important elements of this process are the international trade and the...

The objective of this paper is to analyze the macro-region as a new form of territorial cooperation at EU level under discussion on the future of cohesion policy. The study describes the main actions regarding the development strategies of Danube and Black Sea macro-regions, based on an...

The guide in the elaboration of this article was the work of the famous attorney of the new institutionalism, D. North, named “Institutions, Institutional Change and Economic Performance”. His central idea was focused on the retaining wall of the necessity of an institutional change that to...

This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment has become increasingly common in economic history and it has deeply enriched our understanding of how economies develop through time. Economic development is no longer...