Revista de Economie Mondiala/ Journal of Global Economics

5-22

Authors: Virginia Câmpeanu

Successive reforms of the Common Agricultural Policy (CAP) have led to increasingly shifting of agriculture towards the market, while integrating environmental protection requirements and strengthening support for rural development in all the Member States of the European Union. This article aims to present the results of our research on a) dynamic of the "greening" process in the rural area of the European Union to combat climate change; b) the funding mechanisms for the programs implementation and greening payments to farmers, revealing some critical considerations on how greening and agro -environmental measures were applied into the EU rural area in 2014-2020 and c) the perspectives of the greening process by 2021-2027, as well as the financial allocations in the new Multiannual Financial Framework. The results confirm the European Commission's ambitions regarding the Community's rural area in the context of the European Green Deal and the measures initiated under the European Recovery and Resilience Plan, in order to promptly overcome the health crisis caused by the COVID-19 pandemic.

48-65

Authors: Ana-Cristina Bâlgăr

Recognizing from an early stage the ability of advanced technologies (and of biotechnology, in particular) to fundamentally change the economy, geopolitics and society of the 21st century, the Chinese authorities have placed the development of the biotech sector as one of their top national priorities and, therefore, have adopted political strategies and programmes designed to contribute to achieving this purpose In the context of "Made in China 2025" strategy which, among other objectives, sets China's goal of becoming the world leader in life sciences and of reducing its domestic technological dependence on foreigners, our article aims at presenting the evolution of China's investment policy in recent years, which has focused on finding a synergistic optimum between guiding foreign direct investment inflows (FDI) in accordance with its own sectoral upgrading plans and directing outward direct investment flows (ODI) in line with the same interests. As the US is the world leader in biotechnology and thus China's main competitor in the race for global supremacy in the field, our analysis will focus on highlighting the role and importance played by Sino-US bilateral investment flows for the development of the Chinese biotechnology sector.

82-94

Authors: Sorin-Nicolae Curcă

Currently, China has the largest high-speed rail network and one of the most important industries in this field worldwide. That is a great performance, considering the relatively short time it needed for the industry's development and for reaching such high rankings. In this paper we analyze these issues, we look at the reasons why Beijing authorities chose to stimulate the development of the high-speed train industry and transport and how was this achieved. We also consider the implications of the high-speed rail industry for china in terms of the international relations.

renewable energy, subsidies, CEE-4, Green Deal

Authors: Paul Calanter, Andreea - Emanuela Drăgoi, Anca - Cătălina Dragomir

Renewable energy (RE) is one of the Green Deal strategic pillars and progress in this area is deemed essential to achieving the objectives of the Energy Union by 2030. In this context, our analysis aims at highlighting the progress attained in green energy development by four EU Member States in Central and Eastern Europe (CEE-4): the Czech Republic, Hungary, Poland and Romania. The main objective of our research is to carry out a comparative analysis of four key indicators (RE share in the total energy used, in the total electricity consumption, in heating and cooling and in transports), in their evolution during the post-accessiontime-frame (2004-2019). Our analysis relies on both a case study (Romania) and a comparative stock-taking of the RE support policies and subsidies schemes used in all the four countries. Our paper will also present, through a SWOT analysis, Romania's progress in terms of its RE support policies and schemes, while highlighting significant differences as compared to the other CEE-4 countries.

49-62

Authors: Claudia Gabriela Baicu

Trade finance contributes to the development and facilitation of trade flows and can support increased the competitiveness of goods and services. This role is even more relevant in the context of the Covid-19 pandemic, when access to financing has become crucial for trade recovery. Against this background, the article investigates policies and techniques for trade finance under the impact of increasing competition,changes in the evolution of global value chains, tightening banking regulations in the field, increasing protectionism and the imperative of digitalisation. The results of the research reveal that traditional financing products are increasingly less used in favour of open account and the affirmation of new, emerging techniques. One imperative is the digitalisation of trade finance, which, in addition to opportunities, presents some risks and challenges that need to be correctly identified and managed.