REDUCING POVERTY FOR SUSTAINABLE ECONOMIC GROWTH

Irina-Elena Chirtoc and Lucian-Ion Medar
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Irina-Elena Chirtoc: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Lucian-Ion Medar: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA

Annals - Economy Series, 2019, vol. 6, 189-194

Abstract: From the perspective of human progress, the most important issue is economic growth. States thrive when significant economic growth performance is recorded. Economic growth is desirable in any country because it allows the population to consume more goods and services and at the same time contributes to ensuring a greater quantity of social goods and services, such as health, education, thus leading to the real improvement of living standards. of the population. All the countries of the European Union want a sustainable economic growth. Particular attention is paid to sustainable economic growth, as the general welfare of the society depends on its level. One of the most invoked and disputed arguments, which the theories of economic growth and development place on the basis of the recent models of policies, is the investments in the formation of human capital - a component part of national wealth. In this paper we focus on poverty reduction measures based on the Europe 2020 strategy. Combating poverty and social exclusion is one of the specific objectives of the EU and its Member States in the field of social policy. We will present the measures pursued by Romania to reduce poverty and the place that Romania occupies between the member states of the European Union regarding GDP per capita and poverty rate in 2018.

Keywords: sustainable economic growth; poverty rate; quality of life; social exclusion (search for similar items in EconPapers)
Date: 2019
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