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Globalization, Economic Growth and Happiness: The Perspectives of an Economy Based on Non-Material Values

Why it is so important to maintain a continuous economic growth within a planet showing clear signs of its exhaustion is an important issue that is questioned more and more often in the last decade or so. The main motivation is to create the resources needed for people to live better and to be happy. A closer look of what the sources of happiness are and how they relate to economic growth reveals that the relation is not straight-forward. Further economic growth depends on many factors but it is assumed that globalization would create favourable conditions for all countries. Empirical evidence indicates that developing countries are in fact the ones that benefit less from globalization.

  Globalization, Economic Growth and Happiness: The Perspectives of an Economy Based on Non-Material Values (802.4 KiB, 1,506 hits)

Posted in Economics, Information Technology, Volume V, Issue no. 6Comments Off on Globalization, Economic Growth and Happiness: The Perspectives of an Economy Based on Non-Material Values

Governance and Investment in the Valuation of Natural Resources

Natural resource management regarding the economic development while respecting the imperatives of compliance with environmental quality is not an easy task. In this paper the authors highlight the role of good governance and investment management in finding the optimal decision regarding the valuation strategy of limited natural resources. Criteria used type of information that is needed and other relevant aspects are discussed and illustrated by examples from Romania.

  Governance and Investment in the Valuation of Natural Resources (256.0 KiB, 1,668 hits)

Posted in Economics, Volume IV, Issue no. 1Comments Off on Governance and Investment in the Valuation of Natural Resources

Values and Environmental Ethics – Pillars of Changing Human Behaviour Toward Sustainable Development

Sustainable development necessitates the harmonisation of human’s and nature’s needs under the siege of continuous demographic growth and the quest for wellbeing based on material things. This outcome implies important changes to occur at individual, collective and corporate behaviour. How they could be accomplished is a question that animates debates for several decades and revealed that solutions should be related to the process of valuation. Better understanding of value and how it relates to the needs of environmental protection is the aim of our analysis that recalls axiological milestones and compares them with environment related issues. Value as a product of object and subject in the framework of human aspirations is at some extent transposed in economic value. Environmental goods valuation in economic terms encounters numerous difficulties, including high costs and low reliability. Therefore we conclude that decision making should be underpinned not only by economic valuation, but also by value judgement that cannot be expressed in monetary terms.

  Values and Environmental Ethics – Pillars of Changing Human Behaviour Toward Sustainable Development (290.3 KiB, 2,953 hits)

Posted in Economics, Volume III, Issue no. 1Comments Off on Values and Environmental Ethics – Pillars of Changing Human Behaviour Toward Sustainable Development

With what could Professor’s Paul Bran Economic Thinking Help Us Today, in Full Process of Search of New Theories and New Objectives in the Economic and Financial-Monetary Practice and Science?

The profound crisis we are all experiencing today, both at global and national level, as well as at regional and individual level, requires a revision of the economic science and school, an objective frequently encountered in the papers of the current academic environment. We can find an answer in the works of the mourned Professor Paul Bran, THE ECONOMICS OF VALUE and MONETARY MECHANISM, papers within which the basis of a new theory re-garding value has been set up, of a new way of dealing with value, of a management and achievement mechanism of the value, as well as the entire organizational structure of the management of economic activity at micro- and macroeconomic level. On this basis one can build a theoretical model suited for the information society towards which the mankind is heading.

  With what could Professor’s Paul Bran Economic Thinking Help Us To-day, in Full Process of Search of New Theories and New Objectives in the Economic and Financial-Monetary Practice and Science? (271.8 KiB, 930 hits)

Posted in Economics, Special Issue - December 2012Comments Off on With what could Professor’s Paul Bran Economic Thinking Help Us Today, in Full Process of Search of New Theories and New Objectives in the Economic and Financial-Monetary Practice and Science?

Volume II / Issue no. 2

The Ecological and Economical Performances in the Forested Area – a Need for the Future

The forests are indispensable for the natural balance on Earth. Without the existence of the forest the life is not possible because this ecosystem provides many goods and services. The many clear cut forest surfaces have led to the lack of balance of ecosystems causing risks for the environment. The globalization promotes multinational companies, which have an important role in the exploitation of the forest. Because of the many advantages, the forest must be protected from the bad influence of the globalization, a thing possible due to the fact that the world is heading to a new economic order. The paper presents the situation of the forests in Romania for the 2005-2007.

  The Ecological and Economical Performances in the Forested Area – a Need for the Future (831.1 KiB, 1,731 hits)

Posted in Economics, Volume II, Issue no. 2Comments Off on The Ecological and Economical Performances in the Forested Area – a Need for the Future

Conceptual Milestones of Sustainable Development Policy in a Global World

Environmental degradation is another issue that highlighted the drawbacks of the highly promoted economic relations in the last two centuries. In conceptual terms its solution was found in a variety of models out of which only sustainable development became a widespread support for policy making. The paper examines how the basic underpinning stands compared with the actual policies framed at global level and which are the prospects of success in a world that is more and more influenced by globalization. It was found that widening the scope of economy could bring in progress toward sustainability, but this also supposes a shift in the drivers of demand from global to local.

  Conceptual Milestones of Sustainable Development Policy in a Global World (792.8 KiB, 2,402 hits)

Posted in Economics, Issue no. 5Comments Off on Conceptual Milestones of Sustainable Development Policy in a Global World

Implications Of Payments For Ecosystem Services Based On The Redd Programme

Deforestation and forest degradation, through agricultural expansion, conversion to pastureland, infrastructure development, destructive logging, fires etc., account for nearly 20% of global greenhouse gas emissions, more than the entire global transportation sector and second only to the energy sector. It is now clear that in order to constrain the impacts of climate change within limits that society will reasonably be able to tolerate, the global average temperatures must be stabilized within two degrees Celsius. This will be practically impossible to achieve without reducing emissions from the forest sector, in addition to other mitigation actions. Reducing Emissions from Deforestation and Forest Degradation (REDD) is an effort to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. “REDD” goes beyond deforestation and forest degradation, and includes the role of conservation, sustainable management of forests and enhancement of forest carbon stocks.

  Implications Of Payments For Ecosystem Services Based On The Redd Programme (431.5 KiB, 2,390 hits)

Posted in Economics, Issue no. 3Comments Off on Implications Of Payments For Ecosystem Services Based On The Redd Programme