ECONOMIC DEVELOPMENT AND THE ROLE OF THE STATE IN THE INTERNATIONAL COMPETITION

Mihai Radoi
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Mihai Radoi: UNIVERSITY OF CRAIOVA

Annals - Economy Series, 2018, vol. 3, 241-246

Abstract: The changes happening today in the way of functioning of the world economy reached an extremely high level. These changes are present on all levels of the business organization, both on a macroeconomic, mesoeconomic but also on a microeconomic level. Such a continuous change of the characteristics of the international economic environment, often quite fast, influences to a high extent the evolution of the companies. Because these changes which affected the companies were in a sequence of consecutive phases, they determined an entire process of resizing and reallocation of funds, in order to stay on the market and to keep them on the standards imposed by the higher exigencies of international competitiveness. Going back to the international size of the market, there can be pointed out an influence of the state on the competitive environment, the world competitiveness being faced to various obstacles related to the national public power, motivated most of the times by the pretence of protecting the national enterprises, or a series of direct or indirect advantages granted to the national enterprises. The fan of these obstacles and aids is very wide starting from custom taxes and quantitative contingents imposed for the import products, public preferential orders for national companies, the will of the public power that the research-development activity should take place locally or that all the elements of the product should be manufactured locally, fiscal preferential treatment and up to the traditional subventions granted to some national companies in order to face the international competition or the direct commercial help on a national level (imposing the acquisition of the products from certain companies) and international (some exports, result of the negotiations among states).

Keywords: economic development; international competition; investment attraction (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2018:v:3:p:241-246

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