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FROM AMORAL FINANCIAL MARKETS TO THE SUSTAINABLE DEVELOPMENT

Titus Suciu and Adriana Veronica Litră
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Titus Suciu: Department of Finance, Accounting and Economic Theory, Faculty of Economic Sciences and Business Administration, Transilvania University of Brașov
Adriana Veronica Litră: Department of Finance, Accounting and Economic Theory, Faculty of Economic Sciences and Business Administration, Transilvania University of Brașov

SEA - Practical Application of Science, 2017, issue 13, 57-63

Abstract: The current work gives an overview of the evolution of liberalism, the dominating current trend. The authors show that it does not hold the truth in economy because of both financial and democratic slippage. That is why they submit the model of the Sustainable Development where emphasis is put on the real economy which has turned into an economy for everyone and of all the stakeholders, based on the commitment to the community life. If liberalism promotes the interests of the transnational companies, the Sustainable Development focuses on citizens and on their involvement into the life of the city. That is how the triad is formed: transnational companies-state-community, where the citizen holds the central role, directly involved locally.

Keywords: Liberalism; Sustainable Development; Cooperative Economy; Life Community (search for similar items in EconPapers)
JEL-codes: A12 B59 Q56 (search for similar items in EconPapers)
Date: 2017
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