TRENDS OF NATURAL RESOURCES MARKET IN A GLOBALIZED WORLD ECONOMY

Sima Cristian and Constantinescu Eleonora-Mihaela
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Sima Cristian: Centre for Industrial Economics and Services, the Romanian Academy
Constantinescu Eleonora-Mihaela: “Dimitrie Cantemir” Christian University, Faculty of Marketing, Bucharest

Management Strategies Journal, 2013, vol. 22, issue 4, 63-69

Abstract: Natural resources are not homogeneous in nature, having certain features in the productive process that require grouping them into different categories by different criteria. Consequently, natural resources cannot be addressed all at once, but only distinctly, according to relevant criteria selected based on the proposed goals. Changing approaches based resources (materials) to the knowledge, from quantity to quality, from mass products to new concepts of higher added value, follows a development that is based on eco-efficiency and sustainable products and services. In this respect, integrated research will become key factors towards global processing. Also, global digitalization requires a new approach on the role of information in the development of economy and increase of competitiveness.

Keywords: economy; mining industry; natural resources market; property rights regime; total economic value; information and communication technology (search for similar items in EconPapers)
JEL-codes: A10 F62 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:22:y:2013:i:4:p:63-69

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