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A sustainable and resilient socio-economic paradigm through corporate governance intervention

Author

Listed:
  • Dumitru Alexandru BODISLAV

    (Bucharest University of Economic Studies, Romania)

  • Raluca Iuliana GEORGESCU

    (B & Associates, Romania)

Abstract

The current predicament confronting global society is that wealth was amassed through market-based capitalism, despite the fact that the market system generates insecurity and inequality among social classes. As a result of the shifted social pressure on the political class, the latter is obligated to implement “change for a better future”; in order to restart the capitalist system and put it back on the proper track, the public and private sectors must collaborate on development politics and strategies. This scholarly article identifies the underlying causes of fundamental challenges – social inequality and unsustainable economic growth and development – as well as viable remedies – including the integration of proactive governance systems and the application of corporate business principles to address social issues via the formation of public-private partnerships in emerging economies.

Suggested Citation

  • Dumitru Alexandru BODISLAV & Raluca Iuliana GEORGESCU, 2023. "A sustainable and resilient socio-economic paradigm through corporate governance intervention," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(637), W), pages 77-82, Winter.
    • Handle: RePEc:agr:journl:v:4(637):y:2023:i:4(637):p:77-82
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    References listed on IDEAS

    as
    1. Alexandru BODISLAV, 2011. "The Birth of the Regulated Company in the Macroeconomic Environment," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(6(559)), pages 129-140, June.
    2. Raluca Iuliana GEORGESCU, 2023. "Modern leadership in business organisations during economic disruption," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(635), S), pages 73-82, Summer.
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    Citations

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    Cited by:

    1. Raluca Iuliana GEORGESCU & Dumitru Alexandru BODISLAV, 2024. "Marketing ethics – another business-oriented scheme?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(638), S), pages 105-114, Spring.

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