Politicized Economy and Its Effects on Business Sustainability: A Case Study on Romania

Mihai Florin Talos (mtalpos@yahoo.com), Pop Ioan (ioan.pop@emanuel.ro) and Oncica-Sanislav Dan (oncicasanphd@gmail.com)
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Mihai Florin Talos: Universitatea Emanuel Din Oradea
Pop Ioan: Universitatea Emanuel Din Oradea
Oncica-Sanislav Dan: Universitatea Tehnica Din Cluj-Napoca

Chapter Chapter 5 in Civil Society: The Engine for Economic and Social Well-Being, 2019, pp 63-78 from Springer

Abstract: Abstract Globalization produces contradictory results and creates important loopholes in the socioeconomic dynamics of the world. In light of world politics and recent developments, (such as the proliferation of nationalist and populist parties and of the isolationist ideas culminating in the Brexit), the globalization idealists begin to understand that globalization is not an easy process to govern, given the fact that it implies the cohabitation of non-heterogeneous, multicultural populations. Besides the challenge brought by the stirred global context, Romania faces another complex challenge, consisting in the unprecedented interfering of the political sector in the very pillars of the society: democracy, the state law, and the market economy. The present paper intends to investigate the extent to which the politicization of the economy could have a major impact on the stability of the Romanian economy as a whole and on the sustainability of local businesses, in particular.

Keywords: Business sustainability; Politicized economy; Globalization; Policymakers (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-89872-8_5

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DOI: 10.1007/978-3-319-89872-8_5

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