Revista de Economie Mondiala/ Journal of Global Economics

Number 3, 2010

1-10
The Global Economy in a Significant Transforming Process of the Power Centers

Authors: Simona Moagăr-Poladian

Abstract

View in PDF

Number of views: 282

The financial crisis that ongoing in 2008 had relocated the power centers from the developed countries to the emerging ones. China, Brazil, India and Russia would become recognized powers of the world in only one decade from now on. In the last 3 years, the governments of the most important world countries have given the test of crisis management. The modifications that have been positioned on the world level had enhanced the economic powers map. Over 3 decades of continuous growth, China has surpassed the Japan GDP volume and is the second biggest power after USA on the world level. IMF confirmed that the financial system is the Achilles heel for the world economic development. IMF analysts recommend to all states to maintain their support for financial sector. At the world level, the rate of economic growth substantially differs from one region to another, showing an unequal distribution. The rate of growth in the developed countries reached between 1 and 3.5 per cent and in the same time the emerging countries recorded a more advanced rate of growth up to 6 per cent to 9.5 per cent in Latin America and some countries from South East Asia.

11-28
New Faces of Globalization: Market Integration, Production Disintegration, Genesis of New Global Organizational Structures for Production and Trade

Authors: Sarmiza Pencea

Abstract

View in PDF

Number of views: 403

Due to trade liberalisation and ITC revolution, companies could imagine new and better ways of creating and delivering value. In search of higher efficiency, competitiveness and profits, they reorganise, choosing to focus on their core competencies and to globally outsource, or offshore non-core activities and functions. As a result, reorganisation and relocation became the new forces of change across economies, leading to the rise of new, more diverse and more efficient global organisational structures for investment, production and trade. A number of developing countries with adequate comparative advantages could better benefit from these processes, accelerating their own industralization and modernization, increasing their access to new technologies and managerial know-how and turning themselves into successful, high-rate growing, „ emerging” economies. The paper concludes that under such a global backdrop, taking part in global value chains (GVC) and in international production networks (IPNs) could be the best strategic option for both company strategies and governmental catch-up policies, provided that, or especially if companies enjoy high competences and tacit skills which make them capable of assuming complex tasks and of climbing further the technological ladder.

29-51
Impactul crizei financiare mondiale asupra sectorului energiei si politicile UE de contracarare a efectelor acesteia

Authors: Mariana Papatulica

Abstract

View in PDF

Number of views: 428

The economic crisis did not altered the deep structural changes underway in global energy markets - growing energy demand in developing countries and growing concerns about limiting carbon emissions - and revealed how oil, coal and gas markets could help solving major energy challenges ahead. The current crisis has led to declining prices and slower economic growth. But this is nothing more than a break. Resource-rich countries continue to use their assets to promote their own interests, to expand areas of influence and to create alliances with partners similar to them. Similarly, transit countries and importing energy are trying to assert their positions. These forces are about to change the nature of international business. The future security of supply will depend on the new interconnections both within and outside the EU, the increased energy saving practices, promoting smart networking and measuring technologies. Affordable energy for industrial and private consumers, will continue to be a challenge, but addressing it at a common European level, will be more effective and will generate economies of scale for the benefit of consumers. [1] The Impact of the Financial and Economic Crisis on Global Energy Investments, IEA/OECD, 2009