Theories and Strategies of Economic Development in the Region

Manea Gheorghe Cosmin ()
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Manea Gheorghe Cosmin: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2020, vol. 14, issue 1, 984-994

Abstract: The concern for increasing macroeconomic stability is specific to both, small and large countries within the European Community. In that paper are presented ways in which are made links between the states of the world policies and economies development characteristics. That study has imposed a new type of characterization sustained by the national economies manifestation whose is correlated with the interaction between governmental policies and also with national and regional factors. This interaction is conditioned by specify effect of the economic, scientific, demographic, social and cultural development of each country, part of European Union. Taking into account all the imminent obstacles over the years of nations existence, is demonstrated that the European Union is supposed over and over of a new development process, being considered one of the most economically prosperous areas in the world and also one of the most competitive. However, major weaknesses arise due to the existence of significant disparities in prosperity and productivity between Member States and component regions. The complexity of the regional development policy arises at the level of the European Union, from its objective of reducing the economic and social disparities existing between the different region of Europe’s that was and will be an objective that it has implications on important areas for development, such as economic growth, labor force, transport, agriculture, urban development, environmental protection, education. Registered at different levels (local, regional, national and European) - regional policy, deals with the coordination of the different sectors and with the cooperation between the decision levels and the balancing of the financial resources. The conclusion is related with the idea of a must follow regional development economies starting from national level respecting a certain dynamic. That aspect must also take into account the continuous changes determined by the restructuring of the production and the increase of the competitiveness at national and local level.

Keywords: economic development; economic growth; cooperation; competitiveness; disparities (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:14:y:2020:i:1:p:984-994:n:93

DOI: 10.2478/picbe-2020-0093

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