CONTEMPORARY ECONOMY JOURNAL

12-19

Authors: Gabriela-Mariana IONESCU

Economic product distribution inside society impliesnot only rationality calculus but also the analysis of some specific featuresof the social justice. The paperidentifies the relationships among the concepts of complexity, sustainability,and diversity in social justice. In the same context a certain ambiguitymaintained in the specialty terminology is clarified between the issue complicatedand the issue complex regarding thesystems and processes, by proposing a new signification for thecomplexity issue. Effects of synergy between sustainability and socialjustice are identified, and analysedboth from the view point of fundamental causes leading to social imbalances andin terms of achieving environmental objectives which can lead to significanteconomic and social outcomes in terms of welfare and environmental quality.Regarding the diversity concept, the paper proposes as criterion thedistinction between the commutative justice and the distributive justice thusseparating what it is merited from what is fair in the distribution of economicproduct. Finally, an institutional and behavioral mechanism of the triadcomplexity, sustainability, diversity is proposed and examined.

27-32

Authors: Grațiela-Denisa IORDACHE

The present paper aims to define the concepts ofinstitutional deficit and institutional excess. The clarification of theseconcepts will be useful in assessing the European Union excess or deficit ofinstitutions in achieving its major objectives. Firstly, I will define theconcepts of institutional deficit and institutional excess using the method ofsufficiency predicates (logical analysis). Secondly, I will analyse the impactof institutional excess and institutional deficit on achieving Union’s majorobjectives.

38-43

Authors: Bianca COSTACHE

This study isfocused on a highly relevant subject in the economic literature, more preciselyhow the insurance sector impacts the overall economic growth. The objective ofthe study is to identify, analyze and evaluate the effects of the insurancesector on economic growth for three countries: Germany, Netherlands and Spain,with data collected for the period 1984 - 2016. The results of the study provedto be important as they indicate the variation in the effects of insuranceinstruments due to the pecularity of each economy and the way in which eacheconomy responds to a positive impact from the insurance sector.

50-59

Authors: Gica CULIȚĂ

The world is constantly changed by new scientific and technicaldiscoveries, which benefit the developers of these technologies, the hoststates and, last but not least, the users. Of the many areas available, we havechosen the market of smartphones, more specifically the one of Samsung, a company which has constantlyevolved and has been able to competewith Apple. This development has not only affected the company, but it alsogenerated an increase in the formation of GDP in South Korea and, as a result, it impacted the country's economic development.

73-82

Authors: Alina SUSLENCO

The conceptual aspects were analysed in the presentpaper, as well as the methodological aspects of the role and importance of thetourist guide in the discovery of the tourist destinations. In this context, wehave to mention that representative aspects that outline the role of thetourist guide, as well as the evolution of tourist guides in the Republic ofMoldova, were investigated in the work. For these reasons, there have been reviewedissues related to the evolution of tourist guides in Moldova, the legislationregulating the work of tourist guides in Moldova, as well as the importance ofqualified guides for the development of the tourism sector. The methodologyused in this paper focused on the following methods: analysis, synthesis,induction, deduction, comparative analysis. In conclusion, we must mention thattourist guides are the vectors of tourism development within tourist regions,in discovering the beauties of tourist destinations.

93-103

Authors: Silvia-Elena ISACHI

The Common Consolidated Corporate Tax Base for the companies aims to harmonize the taxation base for the companies within the European Union, which will re-launch the single market and support the accomplishment of the Europe 2020 Strategy. An important objective of the Common Consolidated Corporate Tax Base is to increase the correctness ofthe fiscal system by approaching some cause of tax avoidance by the multinational companies. The added value of the Common Consolidated Corporate Tax Base consists in a higher mobility of capitals within the European Union by decreasing the costs of ensuring the conformity and the cross-border fiscal obstacles. The Common Consolidated Corporate Tax Base will make the European Union more attractive for investments and business, because the investors are no longer required to analyse the dispositions of several fiscal systems when investing in the European Union, which will decrease the compliance costs and the administrative costs as well. At the same time, the Common Consolidated Corporate Tax Base improves the transparency about the real situation of levying the companies from the member states and establishes a more fair fiscal competition within the EU, which increases EU competitiveness worldwide.

114-124

Authors: Otilia MANTA

The international economic, financial, social, cultural, informational flows of history have gradually led to the disappearance of trade barriers, or rather to the harmonization of trade policies and the erosion of national borders, creating the road to the homogenization of the globalized integrated space where identity and sovereignty the national acquire other meanings and interpretations. The definition of globalization has been presented as internationalization, liberalization, universalization and globalisation. Conceptual globalism ont hese lines did not provide analytical added value and was not visible by any means (Scholte, 2002). Bhagwati (2004) provided a definition of globalization based on the economic dimension of globalization, which included the integration of the global economy through trade, FDI, portfolio capital movements and the bank. There are definitions that go beyond economic, financial and economic boundaries, technological (Glotech) (Manta O., 2017), know-how, and extend to other areas of human activity and cover extensive interconnection networks. Interaction between spatially connected networks can usually take place through the flow of goods and services, finance, information, ideas and people. These may be environment-related. These networks can also be extended to include these networks at local, regional, national and global level. Distance, a continuous variable, counts most in the spatial context. In addition, to be spatially qualified as global, the network of relationships must be multi-country and multi-continental. Simple at national and regional level, links and interdependencies cannot be considered as part of the process of globalization.

129-138

Authors: Ionel LEONIDA

The fiscal governance process aims at synchronizing the consolidation of fiscal positions and supporting the medium and long-term structural reforms of the adhering member countries through monitoring, evaluation and incidence of fiscal processes on the economic environment at each stage of its design, ex-ante implementation / execution and ex-post results, thus having the potential to identify slippages from the objectives and their adjustment during the current fiscal exercise or in the next fiscal exercise. To achieve its goal, this process is based on rules, regulations and procedures that provide the framework for national government planning, implementation and guidance of fiscal policy. In the present paper,we deal with the theoretical fiscal governance from the theoretical point of view, the legislative evolution and the effectiveness of this process, through the successive reforms it has undergone.

148-157

Authors: Iurie BEȘLIU

The practice of developed countries demonstrates that value has a number of unique properties that make it the best decision-making criteria for crisis management and, in abroader sense, the best criterion for assessing the success of enterprise management in general. The global economic crisis, the fragility of enterprise value in the current economic context, and the ongoing diversification of value creation sources served as a basis for researching the mechanism of diagnosing the enterprise value crisis. The mechanism is based on the internal factors of the enterprise environment, i.e. the financial factors, and is detached from the macroeconomic environment in which the enterprise operates. According to the author, the diagnosis of the crisis situation aims to establish the moment when the company starts to lose its value, which is a premature signal of the enterprise's crisis. Therefore, the diagnosis of the enterprise's crisis-entry process is carried out in two ways, which are based on enterprise valuation methods and the economic profit indicator. In the research, the author studies the particularities of the value crisis management according to the stage of life cycle. For crisis management, the author examines the enterprise based on three financial dimensions: liquidity, risk and value, and determines the vectors of decisional efforts at different stages of the life cycle.

167-175

Authors: Olga TIMOFEI

Ensuring financial stability has always been a natural concern and lately has become a priority for central banks, which are at the forefront of national financial systems. Central banks contribute to financial stability because they are responsible for ensuring price stability and on the other hand, a stable financial environment facilitates the realization of price stability. The monitoring of the financial stability of the state cannot be conceived without monitoring the evolution of monetary indicators, their fluctuations being related to the overall balance of financial flows in the economy, largely reflecting the situation on financial markets, foreignexchange markets, state budget and external balance of payments. The growth rate of money supply affects most of the macroeconomic indicators, such as output, employment, prices and interest rates. The aim of this article is to present and evaluate the evolution of the monetary indicators in the Republic of Moldova in order to analyse the evolution of the financial stability of the state.

185-189

Authors: Rebeca Ioana BOSTAN, Cristina Mihaela TOMA

The theory of constraints dates back over 30 years, and its applicability within companies has the role of improving their level of production and efficiency. This article discusses how managers use constrained theory to continuously manage and improve company development goals. The theory of constraints is based on the level of trust provided by high-quality services as a key element used to create the competitive edge for the entity's evolution. According to the theory of constraints, the entity's leadership has the role of improving the performance of production so that the role of production management is to maintain flow and continually improve it.

198-203

Authors: Ioana Cãtãlina GHIȚĂ

We live in a society of speed in which time, or better said its lack has become one of the most important sources of stress. Deadlines, communication „on the run”, increasingly busy agendas (coupled with a lack of manager’s will to change them) require a new approach. The support elements that come from a growing science, „Time management”, are great in reducing stress and preparing the body to the action of exogenous factors. Time management helps us to have some control over life, both in professional and personal life. It is essential to focus on results, so we can identify what activities contribute to our efficiency and what are the activities that waste our time and distract us from the proposed goals.

209-213

Authors: Boris GITOLENDIA

This paper presents the results of research about the Case Analysis of the Georgian Railway Transport Sector Interoperability and Intermodality with the European Systems, Herein are listed challenges and problematic issues of compatibility of Georgian railway and it’s infrastructure and technical parameters to the EU standards and also some directives and regulations required for Georgian Railway Transport Sector in the context of“the EU – Georgia Association Agreement”. Also, article is giving a brief information about the “intermodal transportation” and the general importance of the role of rail transport in it. In author’s opinion, the development of Georgian railway into a railway with real European standards, in the context of Intermodality will have influence to rise of the cargo volume, which directly is connected to the economic development of the Country. Specific literature has been processed, description, synthesis and comparative analysis methods has been used for this research. The article is prepared on the bases of the Young Scientist Grant of the Shota Rustaveli National Science Foundation (NYS-2016-41).

223-233

Authors: Maria OLEINIUC

Following the successive events that have taken place in the global arena in terms of economic growth and its consequences, there has been a need to assess the consequences of all the changes that have taken place. The indicators of sustainable development and food security indicators help us to assess the current state of world development. Through the indicators of sustainable development, we can clearly identify the situation with regard to the three development approaches: economic approach, ecological approach and social approach.

239-246

Authors: Nicolae GRĂDINARU

The referendum designates the procedure by which all citizens with the right to vote are called upon to give their own judgment (the participants have to answer a specific question by choosing one of the answers that accompany the question) on a real (not personal), deliberative (the result of the vote having immediate legal effects) or in an advisory capacity (the result of voting being only an element of appreciation for the governors for the adoption or not of certain decisions / measures). The term and the legal institution of the referendum have their origins in Roman law, where the reference word designates the procedure by which the electoral body (made up of citizens with the right to vote) was consulted directly on a precise topic, in order to confer legitimacy on a decision. At present, the referendum is considered to be, by excellence, an instrument of direct democracy through which voters express their opinion and make a decision (usually normative) directly. The referendum is not an alternative to parliamentary democracy, and its abusive use can lead to the mitigation of the legitimacy and role of parliament as a representative body of the people.