Journal of Knowledge Management, Economics and Information Technology

This paper tries to design the proper framework for highlighting the importance of globalization and the meaning of it being the engine for economic growth. Globalization and economic growth go hand in hand and are empowered by the Solow’s model influence, which is translated as sustainable economic development, which also could be accelerated by using the Total Factors Productivity synergic relation. The competitive advantage of globalization is growth sustained and accelerated by factors that are empowered by the need to evolve of corporations and spread towards the entire global market, these being the part emphasized in the second part of this paper and also that wants to complementary complete globalization’s big picture.

  Globalization – Engine for Economic Growth (644.7 KiB, 2,945 hits)

The financial crisis strongly marked states around the world due to the increasing indebtedness of the states and of the banks, which went through, with few exceptions, a prolonged recession. The year 2014 seems to mark a new economic cycle, and the turnaround is seen in Romania, a state which has made progress in reinforcing and stabilizing the public finance sector, as well as resuming economic growth which must be followed by economic development. The concept of economic development is more complex than economic growth, which involves the design of certain directions for long-term sustainable growth, based on the optimum use of available resources, on the continuous development of innovative potential and human capital, reducing social inequalities, etc., where the investment process has a particularly important role.

From this perspective, analysing factors that influence the attraction of foreign investments, as a vector of economic development in the international context is the most important –this will be the main objective of this paper.

  Considerations Regarding Foreign Investments in Romania in the Year 2014 (242.4 KiB, 1,842 hits)

The study on the contribution of education to economic development process measured by GDP per capita reveals that one of the main factors of influence is the training level of the human factor. Through statistical methods and econometric models, we analyzed the influence of education spending on gross domestic product level. Likewise, the study highlights also the issue of correlation between education spending and employment levels. At the end of the scientific approach, the authors analyze the dependence of education – human development – GDP per capita.

  The Contribution of Education to the Economic Development Process of the States (736.8 KiB, 12,381 hits)

This paper treats the sustainable development concept, which aims to support economic growth in terms of environmental sustainability and human development. For that purpose the paper shows the concept of sustainable development’ origins and enlargement, the transition from the economic development paradigm to the sustainability paradigm as is seen through the three sustainability’ dimensions (economic, social and environmental). It is made an analysis of environmental and business sustainability in the context of economic development, due to the fact that sustainable development comprises environmental protection, and environmental protection is a determinant of sustainable development. Without the environment protection, there is no sustainability. As a conclusion, the implementation of the environmental strategies in organizations should be a policy priority in order to meet the needs of current and future generations.

  Economic Growth Sustaining Under Environmental Sustainability and Human Development. A Global Challenge (441.6 KiB, 5,012 hits)