Economy and finance in the context of globalization

Georgeta Dragomir () and Stefan Dragomir ()
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Stefan Dragomir: General Economics Department, Faculty of Economic Sciences, "Danubius" University of Galati

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2008, vol. 55, 58-64

Abstract: The paper is focused on the emphasizing of the general evolutions of economical and financial matters in the globalization context, the confrontation with risks, including the danger of deficiencies transmission and supporting the crises in the world. It is noticed the dynamics without precedent of the capitals, services and goods market, in particular the financial, monetary and bank sector, by the influences of continuous changes and external encroachments, by the informational assault, by the harsher competition on a space that includes the whole world. The identified solutions refer primarily to the prophylactic measures regarding the maintenance of a general climate of stability, preventing the excessive evolution and violence of the financial markets, the awareness of each state’s responsibility and group of states in promoting a stable and effective monetary system. In order to obtain real positive effects, the necessity of an international cooperation as bond as possible is remarked, the strategies need to rise above the national sphere and the decisions to be based on common interests and an efficient co-operation in the area of the of the macro-economic politics, orientated towards a durable increase and non-inflationist, stable under economic and financial aspect.

Keywords: globalization; risks; global systematic crisis; international co-operation; prophylactic measures (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2008:v:55:p:58-64

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