SCENARIOS ON THE IMPACT OF THE ENERGY SECTOR IN THE GLOBAL ECONOMY

Dragos Mircea Radu
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Dragos Mircea Radu: "Lucian Blaga" University of Sibiu, Romania

Revista Economica, 2014, vol. 66, issue 6, 6-22

Abstract: Forecasting scenarios are powerful tools used by companies, institutions, and governments in order to coordinate development strategies in the short, medium and long-term. These development scenarios are not only any linear expansion analyzes of the possibilities of evolution, but their complexity can anticipate future developments in different situations of currently existing plans. Because of the many variables that underlie these scenarios, there are always two or more scenarios, sometimes totally different one from another, so that the companies, institutions and governments to consider them in light of subsequent developments and based on them, to create their own flexible strategies of impact. Developing scenarios upon the possible evolution of phenomena or given situation requires explicit assumption evolving conditions and external inputs assumed. This approach can become a very effective tool, addressing the strategies that companies, institutions and governments will develop to face adversity and to take advantage of new opportunities that arise.

Date: 2014
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