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Trends Regarding The Role Of State Entities In Supporting Growth And Economic Development

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  • Florin Bonciu

Abstract

The paper focuses on the analysis of the consequences of several phenomena that have occurred in the past two decades in respect of the role played by state entities in supporting growth and economic development. Demographic and technical-scientific developments related to the Fourth Industrial Revolution were among the phenomena leading to an increasing trend in the role of state entities in supporting economic growth and development. In the meantime, other phenomena, including new technologies, economic integration and socio-cultural and historical processes, had a diminishing effect on the role played by state entities in supporting growth and economic development.By comparing the two categories of phenomena, the paper concludes that the phenomena supporting an increase in the role of state entities are more numerous and substantial, a fact that may assist decision-makers in developing appropriate approaches and strategies.

Suggested Citation

  • Florin Bonciu, 2018. "Trends Regarding The Role Of State Entities In Supporting Growth And Economic Development," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 10(1), pages 3-17.
    • Handle: RePEc:iem:journl:v:10:y:2018:i:2:p:3-17
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    File URL: http://iem.ro/rem/index.php/REM/article/view/626/706
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    More about this item

    Keywords

    growth; economic development; globalization; state intervention; European Union;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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