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Regional And Local Macroeconomic Policies From The Perspective Of The Development Of Emerging States

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  • MARGARITA Ilinca Andrada

    (Lucian Blaga University of Sibiu)

  • CAZACU Mihai

    (Bucharest University of Economic Studies)

Abstract

This study examines the intricate relationship between regional and local macroeconomic policies and the development trajectories of emerging states within the context of an increasingly globalized world economy. The research posits that information and communication technology (ICT) serves as a critical determinant of economic progress, influencing a nation s capacity to adopt new technologies and integrate into global markets. Therefore, this study aims to elucidate the complex interplay between technological advancement, cultural values, and demographic attitudes in emerging economies. The paper explores how these factors, in conjunction with macroeconomic policies, shape the economic landscape of developing nations. Furthermore, it investigates the role of trade agreements, foreign direct investment, and the spillover effects from developed economies in fostering growth in emerging markets. This research contributes to the broader understanding of economic development disparities and provides insights into effective policy formulation for emerging economies in an era of rapid technological change and economic interdependence.

Suggested Citation

  • MARGARITA Ilinca Andrada & CAZACU Mihai, 2024. "Regional And Local Macroeconomic Policies From The Perspective Of The Development Of Emerging States," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 76(2), pages 22-28, June.
    • Handle: RePEc:blg:reveco:v:76:y:2024:i:2:p:22-28
    DOI: 10.56043/reveco-2024-0012
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    References listed on IDEAS

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    1. Rodríguez-Pose, Andrés & Frick, Susanne & Wong, Michael D., 2018. "Towards economically dynamic Special Economic Zones in emerging countries," CEPR Discussion Papers 12840, C.E.P.R. Discussion Papers.
    2. Persson, Torsten & Tabellini, Guido, 1999. "The size and scope of government:: Comparative politics with rational politicians," European Economic Review, Elsevier, vol. 43(4-6), pages 699-735, April.
    3. Feldkircher, Martin, 2015. "A global macro model for emerging Europe," Journal of Comparative Economics, Elsevier, vol. 43(3), pages 706-726.
    4. Allsop, Christopher & Vines, David, 2000. "The Assessment: Macroeconomic Policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 16(4), pages 1-32, Winter.
    5. Bhagat, Sanjai & Malhotra, Shavin & Zhu, PengCheng, 2011. "Emerging country cross-border acquisitions: Characteristics, acquirer returns and cross-sectional determinants," Emerging Markets Review, Elsevier, vol. 12(3), pages 250-271, September.
    6. Liu, Philip & Mumtaz, Haroon & Theophilopoulou, Angeliki, 2011. "International transmission of shocks: a time-varying factor-augmented VAR approach to the open economy," Bank of England working papers 425, Bank of England.
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    More about this item

    Keywords

    globalization; economic development; macroeconomic policies; information and communication technology; emerging economies; trade agreements;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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