Europe in the New World Economy: Opportunities and Challenges

The transition from traditional economic patterns to a model marked by enhanced efficiency, environmental responsibility, and the adaptation to a new normal economic philosophy marks a pivotal moment in understanding Europe's economic ecosystem within the new world economy. However, the reliance on conventional economic philosophies has often overlooked the broader economic and social landscapes in which these paradigms operate. This volume explores emerging research topics, methodologies, and techniques that are essential to understanding the global economy dynamics and growth patterns under crisis circumstances and persistent uncertainties. Featuring contributions presented at the 2023 International Conference Economic Scientific Research - Theoretical, Empirical and Practical Approaches (ESPERA) held in Bucharest Romania in honor of the 50th Anniversary of the National Institute for Economic Research Costin C. Kiritescu of the Romanian Academy, this book offers theoretical and practical contributions as well as quantitative and qualitative analyses providing valuable inputs for the design of adequate strategies and policies, aimed to address the future challenges and to capitalize on the emerged opportunities. From sustainable development to digital innovation, this book examines the dynamic landscape of European economics and underscores the significance of interdisciplinary approaches and technological advancements in fostering economic resilience and growth. The contents of this book are of interest to scholars, researchers, students, practitioners, and policy makers in economics and business transformation.

Examines the interdisciplinary approaches and technological advances in the European economy Offers theoretical and practical contributions as well as quantitative and qualitative analyses Features topics from sustainable development to digital innovation

Autorentext

Luminita Chivu is Managing Director and Senior Researcher at the National Institute for Economic Research Costin C. Kiritescu (INCE), Romanian Academy, Bucharest, Romania. Her research focuses on economics of agriculture, rural development, labor market, economic growth, European integration, economic restructuring, industrial relations and working conditions.

Valeriu Ioan-Franc is Founding Member and Deputy Director of the National Institute of Economic Research Costin C. Kiritescu (INCE), Romanian Academy, Bucharest, Romania. He is also Executive Director of the Romanian Center for Compared and Consensual Economy, Director of the Economic Information and Documentation Center, and President of the Pierre Werner Center of Studies and Documentation Romania-Luxemborg. He has published numerous scientific papers in marketing.

George Georgescu is Senior Researcher and Deputy Director of the National Institute of Economic Research Costin C. Kiritescu (INCE), Romanian Academy, Bucharest, Romania. He has an extensive experience in various areas of economic research, including macroeconomic and financial balances, labour market, industrial restructuring, FDI, internationalization of companies).

Ignacio De Los Ríos Carmenado is Full Professor and Director of the GESPLAN Research Group at the Universidad Politécnica de Madrid, Spain.

Jean-Vasile Andrei is Full Professor at Petroleum-Gas University of Ploiesti, Department of Business Administration and Ph.D. mentor in economics at Bucharest University of Economic Studies, Romania. He is co-founder and scientific coordinator of the Research Network on Resources Economics and Bioeconomy (RebResNet).

Klappentext

The 2023 edition of the Conference, was dedicated to the 50 anniversary of the National Institute for Economic Research Costin C. Kiriescu of the Romanian Academy.

The transition from traditional economic patterns to a model marked by enhanced efficiency, environmental responsibility, and the adaptation to a new normal **** economic philosophy marks a pivotal moment in understanding Europe's economic ecosystem within the new world economy. Against the background of accelerating technological progress and national and global interdependencies, in the context of increased exposure to the risks of external shocks, the economic science, as social science, should be more in line with other sciences, on an evolutionary trajectory permanently connected to the processes of human development. This volume explores emerging research topics, methodologies, and techniques that are essential to understand the global economy dynamics and growth patterns under crisis circumstances and persistent uncertainties. The most relevant aspects up for scrutiny are related to new analytical economic frameworks tools and data, resilience in dealing to future shocks, digitalization and green transition, technological innovation and AI, energy system transformation, food safety and security, regionalization of supply chains, debt sustainability and fiscal consolidation, financial system and hybrid risks, synergies between growth, inequality, stability and environment, the future of work, institutional innovation, policy trade-offs and complementarities, redefining well-being and the quality of life, containing systemic threats, geopolitical tensions. The volume offers theoretical and practical contributions as well as quantitative and qualitative analyses providing valuable inputs for the design of adequate strategies and policies, aimed to address the future challenges and to capitalize on the emerged opportunities. The content of this book is of high interest to scholars, researchers, students, practitioners and policy makers, but also to a broader public audience.

Inhalt

100 years of academic economic and social research in Romania.- Is basic scientific research still a priority in Romania.- Exploring the recent inflationary pressure. Features and challenges for central banks.- Fiscal consolidation in Eurozone countries.- BRICS+ and the New International Economic Order.- T he Influence of private credit on economic development in Romania.- The synergy of open banking and artificial intelligence in banking system.- A comparison between human trading and algorithmic trading.- Econometric analysis on the interdependence between the size of the population, level of CO2 emissions and evolution of GDP .- Bridging the gap: Population statistics as a tool for measuring sustainable development.- Demographic trends and human impact on landscape A Corine Land Cover data analysis of artificial surface expansion.- Demographic dynamics A key factor in the transition to zero energy buildings (ZEB) standard.- Effects of the use of AI on jobs and on the employment model. Limits and risks.- Assessing the behaviour of generation Z in the labour market from an organizational perspective.- Analyse of the European Union's supportive measures for overcoming challenges of youth unemployment.- Moral values and human values support for sustainable societal development.- Motivating employees to ethics within public organizations.- Employing disadvantaged people corporate social responsibility action of companies.- The concern of the European citizens about their own and family health at the beginning of Covid 19 Pandemic in May 2020.- Radiography of the pre university educational system in Romania Decisive factors in performance appraisal.- Features of investments dynamics during Romanias second transition to market economy.- Vulnerabilities of the Romanian manufacturing industry in the context of the War in Ukraine.- Using entrepreneurship to address economic challenges.- Business performance by promoting digital transformation a continuous adaptation process.- Sustainable and resilient development of regions in times of economic crisis.- Collaborative economy and sustainable development on the 2050 Horizon.- The integration of ethical principles into project management.- The particularities of ethic…