How the Emergencies State are Positioning in the New Global Economic Order

Valentin Sava, Manuela-Violeta Tureatca and Daniela Ludmila Manea
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Valentin Sava: Dunarea de Jos University of Galati, Romania
Manuela-Violeta Tureatca: Romanian Academy “INCE Kiritescu†, Bucuresti, Romania
Daniela Ludmila Manea: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2019, 109-118

Abstract: The article describes emerging economies and their role in the global economy. A definition of the term emerging economy is given and the elements that define this concept at present. The most important emerging economies of today are reviewed, as well as the national indicators that qualify them to be considered as emerging. The article highlights the most important development trends that can be observed in the current period in emerging countries as well as the diversity of factors underlying the analysis of emerging economies. It also highlights the role of each factor in the macroeconomic development of each major emerging state, stating their recent developments and the importance for the development of the global economy. In this respect, it is highlighted the major role of foreign trade stimulated by the low level of costs of exported manufactures products and also by the depreciated national currency compared to the currency of the destination country. The article highlights the characteristic features of the current period and reviews the possibilities for economic and social development of the main emerging countries in the current economic and financial context. It is also underlined the role of the emerging country's macroeconomic growth in raising the country's living standards, which is a tool of national economic policy. At the same time, the importance of national investments in infrastructure, education, internal consumption is highlighted. The current context is of great importance, with emerging countries being forced to develop and implement appropriate balancing and development policies both economically and socially, taking into account the new global economic order.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2019:p:109-118

DOI: 10.35219/rce2067053211

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