Banking Doctrines and Contemporary Economic. Theories in the Economic Development

Stefan Gheorghe ()
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Stefan Gheorghe: Danubius University of Galati, Romania

Acta Universitatis Danubius. OEconomica, 2011, issue 2(2), 128-134

Abstract: Contemporary economic theories justify economic polarization, both before and after the Second World War, through enhanced differences between the rich countries and those in course of development. The instrument quantifying this economic gap is represented by the high price for industrial products and a very low one for essentials thus maintaining at minimal level the purchasing power of the agrarian countries (of the under-developed states). Through the agency of some institutions and specialized organizations like U.N., U.N.E.S.C.O. or the E.U., there are conducted international programs for the sectorial support mainly aiming the resolution of all kinds of problems.

Keywords: contemporary economic theories; economic development; EU (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2011:i:2:p:128-134

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