Browsing: economic growth

Introduction. Education preserves and transforms the important components of societies such as culture, tradition, or customs which are thus perpetuated and transmitted to the next generations. Education also designs the motivations of the actions of human beings. For this reason, the role of education in society is essential and inherent and this is why society and education are considered as intertwined entities.

Aim of the study. The main purpose of this paper is to examine the relationship between education and the economic growth of a country. Education is one of the most important factors for the economic and social developments of a society; and it is also the main component of the construction of human capital. It is very difficult for a country to accomplish a successful economic progress if it does not invest sufficiently and judiciously in education. Therefore, investment in education is seen as the vital part of a country’s economic development. It is clear that educational investments are expensive and long-term projects and must be more important than other possible development projects in order to ensure the welfare and prosperity of societies. Unfortunately, this idea falls especially focusing on most under-developed countries. For this reason, the importance of education in a country’s economic development and growth must be stated and asserted overtly and unambiguously.
Keywords: education, economic growth, developing country, educational investment.

Introduction.Over time have been addressed many possible effects arising from inequalities of income. Criticism for each of these effects were immediate, most of them claiming that the selection of samples used to demonstrate the assumptions made were „carefully” selected in order to achieve the target and that there is not a direct relationship between income inequality (their increment) and these effects.

Aim of the study. Of the many effects that income inequalities have, identified in the literature, this paper will analyze three of them, namely: economic growth, human capital and social cohesion.
Keywords: income inequality, social cohesion, economic growth, human capital

Introduction. EU’ s 2020 strategy is to integrate creativity, innovation and entrepreneurship in the school curriculum by proposing a set of actions implying all students in entrepreneurial activity with a view to devoping theirs skills needed in business market. Governments should revise the legislation in force by eliminating existing administrative barriers and supporting entrepreneurs in crucial stages of the life cycle of a business; The links between schools, universities and business area should be strengthened in oreder to achieve aims proposed by EU’ s 2020 strategy.

Aim of the study. This paper aims to highlight that entrepreneurial education has an important role in the educational system, having a strong applicative character, as it does emphasize the size of the student’s personality formation act. The purpose of the entrepreneurial education is to promote students’ innovation spirit.
Keywords: strategy, entrepreneurship, students, education, business market, economic growth, market dynamics.
JEL Classification: A2, A3, M1.

Introduction. Considering the examples of great personalities in the entire world, having imposed themselves as true leaders, who have constructively changed the history of their nations, we undertake to detect how much their decisions and actions were actually supported by the circumstances of the time, therefore identifying the extent of the real merits of the former. Leaders, by their conceptual meaning, represent individuals able to inspire trust to fellows and to move them to action, so that their behaviour is, without any doubt, significantly important in setting the patterns for the well-being of the people coordinated by the same, but without stimulating grounds, the synergic effect of their endeavours may remain ineffective.

Aim of the study. The present paper analyses the impact of national political leaders on the economic growth of a country, trying to reveal the favourable contexts and the available mechanisms at their hand, allowing them to exert such positive influence, as well as the constrains impeding the same to succeed in their attempt to outperform.
Keywords: national leaders, political leadership, economic growth, decision-makers, synergic effect
JEL Classification: F43, O10, O15

Introduction. The study acknowledges business environment’s role in the context of economic integration and points out to a few correlation that exist at present in the marketplace: competition, globalization, economic growth and sustainable development.

Aim of the study. This paper is focused on presenting: business environment’s role in the context of economic integration, in correlation with competition, globalization, economic growth and sustainable development, the economic integration and the role of the European Union at an international level, Europe’s Common Agricultural Policy (CAP) and sustainable development and Europe’s Common Agricultural Policy (CAP) future with predictions and perspectives for 2020 and 2030.
Keywords: Europe’s Common Agricultural Policy (CAP), Business Environment, Economic Integration, competition, globalization, economic growth, sustainable development

Introduction. In the general framework concerning the theory and practice of economic growth, which has practically been a concern for all countries since the post war period, the role and importance of labour resources occupy an increasingly important place, we could even say the most important place. The special concern in this problem is determined, in our opinion, by at least two circumstances: firstly, labour recruitment is the main production force of society and, therefore, the main resource of its economic potential and dynamism. Capitalizing all existing labour resources in the national economy of a country and using them as rationally as possible ensures the increase of national income and the increase of the material and cultural living standards of the people in that country; secondly, but not in terms of importance, workforce, by its nature, feels the effects of contemporary technical-scientific progress in the most direct way, which contributes to the increase, or even change, of the place and role of labour resources in the process of economic growth. Instead of the more or less traditional division of economic growth factors, where the main emphasis was on the increase of physical capital, a new division appears in which an increasingly important role is played by human capital, human resources. What makes labour resources a key factor of economic development nowadays is not only the quantitative aspect, whose role generally tends to decrease compared to the previous period, but also the qualitative aspect, from the point of view of training and professional qualification.

Aim of the study. This paper attempts to analyse the dependence of the economic growth process on the level of training and the structure and professional mobility of the workforce.
Keywords: competitive advantage, economic growth, labour resources, level of education, level of qualification, professional mobility, skilled workforce, technical progress, quality of workforce.

Introduction. As part of the population chooses to look for better earnings, may it be in their country or abroad, there is a phenomenon of massive departures to areas where earnings are higher, while there is an increased lack of labour factorin the home states.In the period between the end of 2007 and the beginning of 2008, when the economic and financial crisis wastriggered, until the present day, people have been trying to find solutions to keep up with the labour shortages that have occurred mainly in Eastern European countries, but not only. Against the background of the crisis and economies with declining performances, birth rates did not increase enough to fill the deficits which are caused, among other causes, by the families’ lack of prospect in their home countries and taking into account the opportunities to leave and settle in states with stronger economies. There have been many cases when parents have left their children in the care of others who have not left the country (grandparents, other family members or others); these children were deprived of the affection needed for a harmonious development, therefore patriotism was weakened, as the parents’ example was more powerful than any patriotic exhortation. Considering these circumstances, we must face the fact that these departures from the economy will become significant elements to be taken into account in the future. One should also consider that the newcomers, the migrants, could supply for the employment shortage at equal or lower costs, which may contribute to the efficiency of economic activity.

Aim of the study. This paper highlights the fact that in the context of the tumultuous events we are experiencing, individual shave to face realities where they are confronted with various choices, among which we mention either a higher income, where tasks are extremely difficult and spare time becomes less, or a lower income withmore leisure time. In any case, between the two maximal points, a company operating within an economy must acquire the production factors that will be used to obtain the necessary goods and services.
Keywords: cultural, demographic decline, economic growth, efficiency, fertility rate, financial crisis, migrant, mortality rate, religious, security research.

Introduction. Labour migration is mainly amplified by economic reasons. Labour force migration is a phenomenon which may have some benefits on international markets such as the European labour market considering its role in stabilizing the European labour market. At the same time it may represent a major benefit in balancing unemployment rate in the Euro area, or even in some European states which are aware of the labour market imbalances. However, it should be noted that population aging is recorded in the regions where dislocations occur: it is a phenomenon which may generate a decline in the economic growth and affect the living standard, should there be no thorough analysis. Therefore a closer monitoring of migration is mandatory, as aging population is one of its consequences, which must be investigated in the regional context.

Aim of the study. This paper emphasizes that population aging concerns the world, the public environment and scientific research and a discerning approach may create the assumptions for economic revival. Workforce nowadays acknowledges realities involving permanent adjustment and reorientation depending on developments in the technical and technological fields and its migration has become an almost instantaneous phenomenon. For this purpose, it is necessary to consider the fact that along with migration, dislocations in the active population occur, which often are not immediately supported by new contingents; therefore disturbances are created both on the labour market but also in the demographic plan. It is important to seek solutions to minimize their impact on the Romanian economy affecting economic growth and the level of development.
Keywords: demography, aging, migration, economic growth, standard of living.
JEL Classification: J11, J61, O15