Revista de Economie Mondiala/ Journal of Global Economics

1-11

Authors: Petre Prisecaru

Industrial policy is not a common policy of EU but one that belongs to national competences, the European Commission may have a coordinating role, the Economic and Social Committee may have some initiatives and the European Parliament and the EU Council may decide some support measures. For achieving the objective included in Strategy 2020 of 20% share of manufacturing industry in GDP there are action plans, supporting European legislation, Community funding programs, the European Fund for Strategic Investments promoted by Juncker. National policies in strong industrial countries have their specificity, but all aimed at modernizing the industry and increasing its competitiveness.

27-38

Authors: Iulia Monica Oehler-Şincai

This paper is based on three major motivations. First, its role is to emphasize that investment has become one of the pillars of EU-China bilateral relationship, although the value of two-way investment flows remain well below that of bilateral trade. Second, it reveals the main objectives of the European Commission in the negotiations for a bilateral investment Agreement with China. Three of them are common to classical investment agreements, however the fourth objective, representing, In fact, the main goal of the EU, is a novelty and is aimed at enabling EU investors entering the Chinese market by reduced access barriers. In its turn, China pursues two main objectives: clarity and transparency in investment relations with the EU, by replacing individual agreements with the existing one, along with gaining access to sensitive sectors in the EU. Thus, China can continue its process of investment diversification, which would facilitate access to famous brands, advanced technology and larger market shares in developed countries. Third, this analysis points out that the targets pursued by both China and the EU through this Agreement are difficult to achieve and there is still a long way to go before the conclusion and implementation of the EU-China bilateral investment agreement, taking into account not only the sensitive issues in the bilateral relationship, but also the need of ratification by national parliaments and approval by the European Parliament and the EU Council.

50-58

Authors: Cristian Moisoiu

This paper is trying to present the hypothesis of nation-state’s return as a relevant actor in foreign relations. Globalization, together with pax Americana, as a main nuclei of globalization, have extrapolated the idea of natural order and market economy, as it seemed that any discussion related to the role of state becomes obsolete. The recent events, with political and economic resonance, the market failures and instability, which required interventionist measures of the state for recovery and stability, major changes and trends of political spectrum, especially in the Western world have contradicted the prospect of natural order. Nevertheless, the discussion surrounding the role of state in economy, the invigoration of nation-state in international relations with possible future implications is regaining momentum.