Marius Calin Benea – โPolitehnicaโ University Timiศoara, Faculty of Engineering Hunedoara, Revoluลฃiei 5, Hunedoara, Romania
DOI: https://doi.org/10.31410/ERAZ.2019.119
5th International Conference – ERAZ 2019 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Budapest – Hungary, May 23, 2019, CONFERENCE PROCEEDINGS
Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance โ Belgrade, Serbia;
ISBN 978-86-80194-20-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2019
Abstract
The emerging assemblage of the absorption markets, managed by the very nature of the
competitive mechanisms, manifests in the contemporary period ample diversifications under the incidences
exerted by the direction of foreign capital flows. The case of Romania is by far a particular one,
delimited by the emergence of the consumption behavior of the population, which enables the effects
of dislocation of the forms under which the operating procedures of the multinational corporations
are usually portrayed. Certainly, the economic and institutional reforms undertaken and carried out
by Romania in the long term, even since 1990, have been and continue to represent the central pivot in
boosting competitive advantages and, last but not least, in favoring an ascending trend of social welfare
as an expression of the degree of economic development and meeting the requirements of integrated
competition spaces. Undoubtedly, the economic and institutional reforms undertaken and carried out
by Romania in the long term since 1990 have been and continue to be the key pillar in boosting competitive
advantages and, last but not least, in favoring an ascending trend of social welfare, that expression
of the degree of economic development and satisfaction of the requirements of the integrated
competition spaces. In this regard, multinational corporations can exert direct and indirect effects on
the evolutions in the spectrum of investment development from implantation economies, the latter being
able to be argued in the form of actual investment activities or those carried out under the system of
inter-state corporate cooperation, by absorbing the potential of local firms.
Key words
Romania, globalization, macroeconomic, integration, competition.
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