Revista de Economie Mondiala/ Journal of Global Economics

1-18

Authors: Florin Bonciu

The paper begins with an analysis of the changes that took place in the world economy in the past three decades against the backdrop of deepening globalization, and underlines the differences between economic growth and economic development, on the one hand, and human development, on the other hand. The second part of the paper reviews the historical evolution of the concept of economic development, tracing the increase in its complexity as well as the implications of the linear growth paradigm. The third part explores the possible implications of economic growth, and recommends the avoidance of transforming it into a fetish, along with the rejection of the hypothesis of its automatic transformation into development.

36-48

Authors: Iulia Monica Oehler-Șincai

The main objective of this research is to identify commonalities between the British and Indian foreign policy in the current economic and geopolitical context. For the United Kingdom, strategic alliances have become once again the central element of its foreign policy in view of its likely exit from the EU at the horizon of 2019. Among these alliances, the Commonwealth plays a special role, with India being Britain's most important partner, not only in terms of the size of its economy and population, but also taking into account the scale and depth of bilateral economic relations. In turn, India focuses on extending its sphere of influence both in Asia-Pacific and globally. Its cooperation with the UK in various fields, including economy, military, defense and technology exchanges is considered an important way to achieve this goal. Such connections contribute to strengthening the Indo-British strategic partnership, which already has solid foundations from the standpoint of a common history, and a solid institutional cooperation and deep bilateral economic relations.

67-76

Authors: Alina Ligia Dumitrescu

This article tries to answer the question "Quo vadis EU?", based on the analysis of the five scenarios launched in the White Paper on the Future of Europe by the European Commission in March 2017. The research uses a multidisciplinary methodology which involves the empirical analysis of the economic phenomena together with the study of EU policies and documents, Eurostat data and the literature on this topic. The SWOT analysis is used to summarize the findings on the impact of “a much more union together” scenario. To this aim, the strengths, the weaknesses, the opportunities and the threats to the European Union as a whole and its Member States are identified. In the final part of the article, the author formulates its own opinion that favours a federal EU scenario.