ECONOMIC GROWTH AND THE SECTOR OF RESEARCH AND DEVELOPMENT IN THE CONTEXT OF GLOBALIZATION

Cristina Ciovica and Cristian Florea

Revista Economica, 2012, vol. Supplement, issue 1, 160-165

Abstract: If at the beginning of the 20th century the average life expectancy slightly surpassed 30 years, nine decades later this index managed to outrun its double and to reach 62 years. It is universally acknowledged that this increase would have never taken place without the discoveries in the field of research and inherent without the impetus of the globalization phenomenon that encouraged the development of research. The current paper intends to analyze the impact of globalization upon national economies, bringing into discussion the case of Romania and more precisely the trend followed by GDP/capita and research and development expenditure.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:supplement:y:2012:i:1:p:160-165

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