Just like many other European countries, Romania is facing a demographic downtrend that accentuates over time. Despite studies show that the world is getting overpopulated as the total number of inhabitants should rise from approximate 6.5 billion to over 9 billion, Romania’s problem is...

The role played by endogenous growth models in growth literature might be analyzed from two perspectives. In the first place, is it emphasized the necessity to replace the hypothesis of perfect competition with monopolistic competition in every mathematical model. Secondly, there is no...

Romania is about to become a member of EU and to participate, in an active way, to the european dream. After a short presentation of the origins of social market economy, authors analyze european social model, emphasizing the main dificulties of the present european construction. The paper ends...

Many empirical studies illustrate the natural correlation between freedom and economic prosperity. Therefore, the quality of economic and political institutions that prevail in a country must be assessed considering their capacity to promote a lower level of government intervention in all...

After many decades of perpetuated failures, the foreign aid policy requires a critical reexamination. Doubting the efficiency of the foreign aid under the current institutional frame does not have to be interpreted as abandoning the many and the poor (approximately two thirds of the world’s...

Many empirical studies show an organic connection between economic freedom and prosperity. Thus, the quality of economic and political institutions existing in a country must be assessed considering their capacity to promote private property and economic freedom. This paper analyses the...