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The Future of Economic Policy Making: A Functional and Social Exploratory Perspective

Author

Listed:
  • Dumitru Alexandru Bodislav
  • Luoana Florentina Pascu
  • Bogdan Pascu

Abstract

The main goal of this paper is to highlight the exploration of a corporate path for obtaining sustainable economic growth through the private – public partnership principle. The basic hypothesis offers the idea of an integrated proactive governance system created to succeed by combining in emergent countries the synergic relation between government action and corporate governance. The niche objective of this research is using a governance algorithm from a corporation scaled to the dimension of a nationwide economy to generate on the long term sustainable economic growth by creating, maintaining and developing intra-horizontal competitive advantage. The sustainable evolution of an emergent economy could be framed in a corporate model, highlighting one of the ideas Joseph Schumpeter rounded in his academic research, the idea that a corporate model can better protect a nation, region or state union by decreasing the need of an intervention through government action and only by maintaining a connection between market’ needs and the private sector, having as result a smoother demand cyclicity.

Suggested Citation

  • Dumitru Alexandru Bodislav & Luoana Florentina Pascu & Bogdan Pascu, 2015. "The Future of Economic Policy Making: A Functional and Social Exploratory Perspective," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(2), pages 107-113, February.
    • Handle: RePEc:hur:ijarbs:v:5:y:2015:i:2:p:107-113
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    Citations

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    Cited by:

    1. repec:agr:journl:v:2(602):y:2015:i:2(602):p:163-170 is not listed on IDEAS
    2. Carmen Valentina RÃDULESCU & Ildiko IOAN, 2014. "Managing Collaboration In The 21st Century - A Global Perspective," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(5), pages 534-539, December.
    3. Dumitru-Alexandru BODISLAV & Florina BRAN & Mariana IOVI?U, 2014. "Managing Corporate Strategy from the Expansion Perspective," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(5), pages 566-572, December.
    4. repec:agr:journl:v:2(602):y:2015:i:2(602):p:265-274 is not listed on IDEAS
    5. Ioana Andrada MOLDOVAN (GAVRIL), 2015. "New paradigms imposed by the global financial crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(603), S), pages 265-274, Summer.
    6. Daniel BELINGHER & Nicolae MOROIANU, 2015. "Empirical evidence on the Ricardian equivalence in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(603), S), pages 163-170, Summer.

    More about this item

    Keywords

    Business intelligence; corporate governance; economic policy; exploratory research; macroeconomics;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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