THE TRANSPORTATION SAFETY AND SECURITY – POSSIBLE ANCHORS OF PROSPERITY IN THE AGE OF GLOBALISATION

Claudiu Chiriac (), Ioana-Coralia Zavera (), Răzvan Murariu () and Gheorghe Hurduzeu ()
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Claudiu Chiriac: The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania
Ioana-Coralia Zavera: The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania
Răzvan Murariu: The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania
Gheorghe Hurduzeu: The Bucharest University of Economic Studies, Faculty of International Business and Economics, Romania

Annals of Faculty of Economics, 2019, vol. 1, issue 1, 253-258

Abstract: If growth and economic development so far occupied the first place in the concerns of national economies, global phenomena and the new economy have led to the focus on preoccupations to two other concepts, well-being, and prosperity, which consider a multitude of indicators more or less quantifiable. The Gross Domestic Product, as well as the average income of the population, can provide information on the level of development. The Legatum Prosperity Index has among its variables the safety and security component, which, as the index shows, transmits information on the level of prosperity. A hypothesis considered is that the transportation sector has an important role to play in generating prosperity, so it is worth analyzing the average revenue, passenger numbers of one of the safest transportation modes according to EU transport figures - Statistical pocketbook 2018 – the rail transportation – in the Central and Eastern European countries. Therefore, there is a possibility of a correlation between the variables in order to explain a small part of the phenomenon of prosperity from the perspective of safety and security, an indicator that should be included when talking about the quality of life.

Keywords: prosperity; transportation infrastructure; safety and security; quality of life. (search for similar items in EconPapers)
JEL-codes: F52 F60 R10 (search for similar items in EconPapers)
Date: 2019
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