Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by... more Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by some aspects characterizing the current stage of capitalism. In order to decrypt the set of such interferences, the consequences have been emphasized by the excessive trust in the market mechanisms, the role of deregulation and liberalization in promoting a new economic direction, as well as other theses representing the essence of neo-liberal revolution. The realities specific to the last three decades of the 20th century generated enhanced criticism regarding the myth of pure and perfect transparency, the market inability of self-regulation and the illusion of perfect information. The excesses of neo-liberalism imposed the need for a new paradigm, concretized in the mutations in the nature and mechanisms of capitalism, the domination of finances and knowledge, a paradigm in which market globalization and financial profitability logic are becoming priorities. In the second part of the ...
The concern of the companies, employers’ organizations and public authorities to the “governance”... more The concern of the companies, employers’ organizations and public authorities to the “governance” crisis is justified by the need for economic recovery and the identification of new forms of management to meet the requirements of sustainable development model. The current crisis has shaken the global governance rules applicable after the ’70s and has highlighted the major difficulties related to controlling the managerial remuneration, risk management, the transparency of the activities of corporations, the role and responsibility of shareholders, etc.Offering a new perspective and way of approaching the crises, as well as the analysis of the failures of shareholder governance in the context of the generalized crisis of capitalism and efforts to renovate the economic and financial theory, within this article we have suggested the areas and main sets of measures to ensure a double reform of corporate governance, both in theoretical and ideological perspective, as well as in instituti...
Globalization, an asymmetric, complex and controversial process has become the center of the main... more Globalization, an asymmetric, complex and controversial process has become the center of the main theoretical debates at the end of the 20th century. The state itself represents a subject of very different approaches which call for reassessing the validity of the opinions regarding its role in the international political economy. Mutations occurred on a political and economic level, the reconfiguration of power and of the “"public"” and “private” notions call for the reconsideration of the traditional vision over the state and its ability of acting as autonomous author, as well as for the introduction of new standards for assessing its activity. Controversial opinions exist regarding the suzerainty and power of the current state. A significant theme is represented by the crisis and implosion of national state, by the undermining of not only suzerainty, but also of the idea of "“national”" economy. Other globalization theoreticians admit the exacerbated effe...
The debut of the new millennium is marked by the increased economic and social imbalances. An imp... more The debut of the new millennium is marked by the increased economic and social imbalances. An important task of economic science is to identify the causes and factors that contributed to the radical transformation of the unfolding conditions of economic activity. The existence of different perspectives to approach the new realities may offer greater opportunities for decrypting the conditions that generated so far unknown developments, as well as for shaping solutions to promote new paths of progress and civilization. The defining process with profound implications on the economy and society is represented by the globalization. From this perspective, we have analysed the new dimensions of capital accumulation and economic growth in the context of deregulation and liberalization of the international capital movements. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirement...
Considering the theoretical and practical importance of this matter, a veritable theorizing has b... more Considering the theoretical and practical importance of this matter, a veritable theorizing has been made of the role played by the state in the economy. The difficulty of such undertaking arises among others from the multiple belonging of the researched theme, calling for enough thoroughness regarding the used concepts, techniques and methods of investigation. By this article we have aimed for a brief analysis of the content and economic functions played by the state. The gained experience and complexity of the current economic issues emphasize the imperfect nature of the market and State and call for an equilibrium of such economic regulation mechanisms.
Crises have continuously changed global capitalism which has not ceased to transform itself, prov... more Crises have continuously changed global capitalism which has not ceased to transform itself, proving to be an evolutionary and adaptive social system. The capitalism’s ability to adapt must be analyzed based on emphasizing the interconditionality of the major crisis with the great transitions that took place within. The evolution and characteristics of the new forms of capitalism are revealed by the features of the specific method of accumulation, as well as the regulation and growth regime. Transformations that followed the phases and stages of capitalism have also led to changing the perspectives over the crisis, by emphasizing the role of the political process in their genesis and transgression. Within this context, the role of neoliberalism and intensification of globalization over the convergence of different models or varieties of capitalism is revealed. Profound mutations generated by the current global crisis should boost the theoretical debates on the direction of reform no...
The necessity to identify a new agenda for economic science results from the specific feature of ... more The necessity to identify a new agenda for economic science results from the specific feature of this discipline and the insufficiencies of traditional approaches generated by the limits of the classic economic theories, from the necessary reevaluations in the national circumstances context and world modified ones. Starting from this findings we proposed ourselves to relevate the opportunity of a new paradigm in economy which could permit possible achieving of a new modern vision. One of the research challenges in the economic science field is reconstruction of the relation between state and economy, enlightening a new theory on the economic role of the state, renovating the macroeconomic theories and rethinking the objectives and action instruments specific to economic polices. To this goal we analyzed the main evolutions in economic and political plan and their influences of the power and intervention forms of the state. On the bases of studies and works assigned to this issue, we made critical analyzes of the main opinions referring to the dimensions and implications of the „New Economy” and to the possibility the developed countries to cross a stage or a phase in the evolution of capitalism. The last part of this study is dedicated to the debate on convergence possibility of the national political and economic systems toward an unique liberal model.
The defining with profound implications on the economy and society is represented by the globaliz... more The defining with profound implications on the economy and society is represented by the globalization. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors’ obsession with an excessive profitableness of their own funds and the expansion of using sophisticated financial products. Realities of today’s financial markets, which are the subject of numerous studies and analysis, have contributed to the association of the arguments that are contesting the thesis on the virtues of self-regulation markets and promoting a new paradigm, within which finances should subordinate the requirements of a balanced and sustained economic growth.
The defining process with profound implications on the economy and society is represented by the ... more The defining process with profound implications on the economy and society is represented by the globalization. From this perspective, we have analysed the new dimensions of capital accumulation and economic growth in the context of deregulation and liberalization of the international capital movements. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors' obsession with an excessive profitability of their own funds and the expansion of using sophisticated financial products. Realities of today's financial markets, which are the subject of numerous studies and an...
World and national economie governing is an essential premise of the political stability and demo... more World and national economie governing is an essential premise of the political stability and democratic evolution. In this study are approached theoretical and practical aspects of the economie governing. Theoretical acquisitions in this field highlit multiple perspectives of approaching and difficulties to characterize this complex and multisized fenomenon. A possible theory of governing the economy needs to use some concepts
Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by... more Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by some aspects characterizing the current stage of capitalism. In order to decrypt the set of such interferences, the consequences have been emphasized of the excessive trust in the market mechanisms, the role of deregulation and liberalization in promoting a new economic direction, as well as other theses representing the essence of neo-liberal revolution. The realities specific to the last three decays of the 20 century generated enhanced criticism regarding the myth of pure and perfect transparency, the market inability of self-regulation and the illusion of perfect information. The excesses of neo-liberalism imposed the need for a new paradigm, concretized in the mutations in the nature and mechanisms of capitalism, the domination of finances and knowledge, a paradigm in which market globalization and financial profitability logic are becoming priorities. In the second part of the art...
The thoughts and research on corporate governance have scored down a new sudden revival as a resu... more The thoughts and research on corporate governance have scored down a new sudden revival as a result of the recent economic and financial crisis and recession and the changes that have taken place within the world economy as well. The current subjects of governance must reflect the major transformations of companies. The remarkable developments within the economic, political and ideological arena require a new vision over governance as a result of the enhanced role exercised in the functioning and ensuring the well-being of companies. The pressure of the new social and economic realities and the impact of the global crisis on the shareholder model force the need to extend the analysis perspectives over the corporate governance and the arguments which support the increase of its role in ensuring sustainable development and the balancing of the interests of all the parties involved in this process. The need of new methods and perspectives of analysis of governance, where, along with fi...
Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by... more Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by some aspects characterizing the current stage of capitalism. In order to decrypt the set of such interferences, the consequences have been emphasized by the excessive trust in the market mechanisms, the role of deregulation and liberalization in promoting a new economic direction, as well as other theses representing the essence of neo-liberal revolution. The realities specific to the last three decades of the 20th century generated enhanced criticism regarding the myth of pure and perfect transparency, the market inability of self-regulation and the illusion of perfect information. The excesses of neo-liberalism imposed the need for a new paradigm, concretized in the mutations in the nature and mechanisms of capitalism, the domination of finances and knowledge, a paradigm in which market globalization and financial profitability logic are becoming priorities. In the second part of the ...
The concern of the companies, employers’ organizations and public authorities to the “governance”... more The concern of the companies, employers’ organizations and public authorities to the “governance” crisis is justified by the need for economic recovery and the identification of new forms of management to meet the requirements of sustainable development model. The current crisis has shaken the global governance rules applicable after the ’70s and has highlighted the major difficulties related to controlling the managerial remuneration, risk management, the transparency of the activities of corporations, the role and responsibility of shareholders, etc.Offering a new perspective and way of approaching the crises, as well as the analysis of the failures of shareholder governance in the context of the generalized crisis of capitalism and efforts to renovate the economic and financial theory, within this article we have suggested the areas and main sets of measures to ensure a double reform of corporate governance, both in theoretical and ideological perspective, as well as in instituti...
Globalization, an asymmetric, complex and controversial process has become the center of the main... more Globalization, an asymmetric, complex and controversial process has become the center of the main theoretical debates at the end of the 20th century. The state itself represents a subject of very different approaches which call for reassessing the validity of the opinions regarding its role in the international political economy. Mutations occurred on a political and economic level, the reconfiguration of power and of the “"public"” and “private” notions call for the reconsideration of the traditional vision over the state and its ability of acting as autonomous author, as well as for the introduction of new standards for assessing its activity. Controversial opinions exist regarding the suzerainty and power of the current state. A significant theme is represented by the crisis and implosion of national state, by the undermining of not only suzerainty, but also of the idea of "“national”" economy. Other globalization theoreticians admit the exacerbated effe...
The debut of the new millennium is marked by the increased economic and social imbalances. An imp... more The debut of the new millennium is marked by the increased economic and social imbalances. An important task of economic science is to identify the causes and factors that contributed to the radical transformation of the unfolding conditions of economic activity. The existence of different perspectives to approach the new realities may offer greater opportunities for decrypting the conditions that generated so far unknown developments, as well as for shaping solutions to promote new paths of progress and civilization. The defining process with profound implications on the economy and society is represented by the globalization. From this perspective, we have analysed the new dimensions of capital accumulation and economic growth in the context of deregulation and liberalization of the international capital movements. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirement...
Considering the theoretical and practical importance of this matter, a veritable theorizing has b... more Considering the theoretical and practical importance of this matter, a veritable theorizing has been made of the role played by the state in the economy. The difficulty of such undertaking arises among others from the multiple belonging of the researched theme, calling for enough thoroughness regarding the used concepts, techniques and methods of investigation. By this article we have aimed for a brief analysis of the content and economic functions played by the state. The gained experience and complexity of the current economic issues emphasize the imperfect nature of the market and State and call for an equilibrium of such economic regulation mechanisms.
Crises have continuously changed global capitalism which has not ceased to transform itself, prov... more Crises have continuously changed global capitalism which has not ceased to transform itself, proving to be an evolutionary and adaptive social system. The capitalism’s ability to adapt must be analyzed based on emphasizing the interconditionality of the major crisis with the great transitions that took place within. The evolution and characteristics of the new forms of capitalism are revealed by the features of the specific method of accumulation, as well as the regulation and growth regime. Transformations that followed the phases and stages of capitalism have also led to changing the perspectives over the crisis, by emphasizing the role of the political process in their genesis and transgression. Within this context, the role of neoliberalism and intensification of globalization over the convergence of different models or varieties of capitalism is revealed. Profound mutations generated by the current global crisis should boost the theoretical debates on the direction of reform no...
The necessity to identify a new agenda for economic science results from the specific feature of ... more The necessity to identify a new agenda for economic science results from the specific feature of this discipline and the insufficiencies of traditional approaches generated by the limits of the classic economic theories, from the necessary reevaluations in the national circumstances context and world modified ones. Starting from this findings we proposed ourselves to relevate the opportunity of a new paradigm in economy which could permit possible achieving of a new modern vision. One of the research challenges in the economic science field is reconstruction of the relation between state and economy, enlightening a new theory on the economic role of the state, renovating the macroeconomic theories and rethinking the objectives and action instruments specific to economic polices. To this goal we analyzed the main evolutions in economic and political plan and their influences of the power and intervention forms of the state. On the bases of studies and works assigned to this issue, we made critical analyzes of the main opinions referring to the dimensions and implications of the „New Economy” and to the possibility the developed countries to cross a stage or a phase in the evolution of capitalism. The last part of this study is dedicated to the debate on convergence possibility of the national political and economic systems toward an unique liberal model.
The defining with profound implications on the economy and society is represented by the globaliz... more The defining with profound implications on the economy and society is represented by the globalization. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors’ obsession with an excessive profitableness of their own funds and the expansion of using sophisticated financial products. Realities of today’s financial markets, which are the subject of numerous studies and analysis, have contributed to the association of the arguments that are contesting the thesis on the virtues of self-regulation markets and promoting a new paradigm, within which finances should subordinate the requirements of a balanced and sustained economic growth.
The defining process with profound implications on the economy and society is represented by the ... more The defining process with profound implications on the economy and society is represented by the globalization. From this perspective, we have analysed the new dimensions of capital accumulation and economic growth in the context of deregulation and liberalization of the international capital movements. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors' obsession with an excessive profitability of their own funds and the expansion of using sophisticated financial products. Realities of today's financial markets, which are the subject of numerous studies and an...
World and national economie governing is an essential premise of the political stability and demo... more World and national economie governing is an essential premise of the political stability and democratic evolution. In this study are approached theoretical and practical aspects of the economie governing. Theoretical acquisitions in this field highlit multiple perspectives of approaching and difficulties to characterize this complex and multisized fenomenon. A possible theory of governing the economy needs to use some concepts
Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by... more Financial globalization, a complex phenomenon that has multiple facets, is directly influenced by some aspects characterizing the current stage of capitalism. In order to decrypt the set of such interferences, the consequences have been emphasized of the excessive trust in the market mechanisms, the role of deregulation and liberalization in promoting a new economic direction, as well as other theses representing the essence of neo-liberal revolution. The realities specific to the last three decays of the 20 century generated enhanced criticism regarding the myth of pure and perfect transparency, the market inability of self-regulation and the illusion of perfect information. The excesses of neo-liberalism imposed the need for a new paradigm, concretized in the mutations in the nature and mechanisms of capitalism, the domination of finances and knowledge, a paradigm in which market globalization and financial profitability logic are becoming priorities. In the second part of the art...
The thoughts and research on corporate governance have scored down a new sudden revival as a resu... more The thoughts and research on corporate governance have scored down a new sudden revival as a result of the recent economic and financial crisis and recession and the changes that have taken place within the world economy as well. The current subjects of governance must reflect the major transformations of companies. The remarkable developments within the economic, political and ideological arena require a new vision over governance as a result of the enhanced role exercised in the functioning and ensuring the well-being of companies. The pressure of the new social and economic realities and the impact of the global crisis on the shareholder model force the need to extend the analysis perspectives over the corporate governance and the arguments which support the increase of its role in ensuring sustainable development and the balancing of the interests of all the parties involved in this process. The need of new methods and perspectives of analysis of governance, where, along with fi...
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