IDEAS home Printed from https://ideas.repec.org/a/smo/jornl1/v8y2024i2p122-131.html
   My bibliography  Save this article

The Public Sector Facing the Challenges of Development in the Age of Globalization

Author

Listed:
  • Krzysztof JAROSINSKI

    (Warsaw School of Economics, Warsaw, Poland)

Abstract

Economic development is associated with the multidirectional impact of many diverse factors. These are local and regional opportunities, which, in given conditions, may constitute leading factors in shaping development, and diversified macroeconomic market factors and inter-sectoral interconnections in the economy are also of great importance. A special role is played by solutions resulting from connections with the public sector, especially during periods of economic fluctuations and the risk of crisis phenomena. The aim of this paper is to identify the conditions and possibilities of the functioning of public sector entities in the face of changes in the economic situation and the growing complexity of problems that affect development processes in the era of globalization. Economic practice indicates that, in a market economy, it is necessary to create and maintain entities and organizational units in the public sector. The presence of such entities is evident in countries with an established market position, as well as in countries where systemic transformation processes are taking place. It is therefore difficult to deny that state activities aimed at shaping the general directions of public policy and the sphere of public administration, which participate in decision-making processes regarding the shape of the socio-economic system, the directions of economic development and the principles of allocation of public resources.

Suggested Citation

  • Krzysztof JAROSINSKI, 2024. "The Public Sector Facing the Challenges of Development in the Age of Globalization," RAIS Journal for Social Sciences, Research Association for Interdisciplinary Studies, vol. 8(2), pages 122-131, November.
    • Handle: RePEc:smo:jornl1:v:8:y:2024:i:2:p:122-131
    as

    Download full text from publisher

    File URL: https://journal.rais.education/index.php/raiss/article/view/244/199
    Download Restriction: no
    File URL: https://journal.rais.education/index.php/raiss/article/view/244
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:oup:ecpoli:v:21:y:2006:i:48:p:597-638 is not listed on IDEAS
    2. Giancarlo Corsetti & Gernot J. Müller, 2006. "Twin deficits: squaring theory, evidence and common sense [‘Temporary and permanent government spending in an open economy: some evidence for the United Kingdom’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(48), pages 598-638.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrea Gerali & Alberto Locarno & Alessandro Notarpietro & Massimiliano Pisani, 2015. "Every cloud has a silver lining. The sovereign crisis and Italian potential output," Temi di discussione (Economic working papers) 1010, Bank of Italy, Economic Research and International Relations Area.
    2. Stephen Nicar, 2015. "International Spillovers from U.S. Fiscal Policy Shocks," Open Economies Review, Springer, vol. 26(5), pages 1081-1097, November.
    3. Nazia Abdul Rehman & Musarrat Shamshir & Khurram Shakir, 2020. "Correlation of Macroeconomic Variables with Twin Deficit in Pakistan," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 16(1), pages 16-11.
    4. Nicholas Sly & Caroline Weber, 2015. "Global tax policy and the synchronization of business cycles," Research Working Paper RWP 15-7, Federal Reserve Bank of Kansas City.
    5. Idil UZ, 2010. "DETERMINANTS OF CURRENT ACCOUNT: The Relation between Internal and External Balances in Turkey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
    6. Anna Bartocci & Alessandro Notarpietro & Massimiliano Pisani, 2022. "Covid-19 Shock and Fiscal-Monetary Policy Mix in a Monetary Union," Springer Proceedings in Business and Economics, in: Luigi Paganetto (ed.), Economic Challenges for Europe After the Pandemic, pages 233-266, Springer.
    7. Romanos Priftis & Srec̆ko Zimic, 2021. "Sources of Borrowing and Fiscal Multipliers [Emerging market business cycles: the cycle is the trend]," The Economic Journal, Royal Economic Society, vol. 131(633), pages 498-519.
    8. Burlon, L. & Gerali, A. & Notarpietro, A. & Pisani, M., 2018. "Non-standard monetary policy, asset prices and macroprudential policy in a monetary union," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 25-53.
    9. Gernot Mueller & Giancarlo Corsetti, 2007. "International Dimensions of Fiscal Policy Transmission," 2007 Meeting Papers 726, Society for Economic Dynamics.
    10. Mohammad Asif & Vishal Sharma & Vinay Joshi Chandniwala & Parvez Alam Khan & Syed Mohd Muneeb, 2023. "Modelling the Dynamic Linkage Amidst Energy Prices and Twin Deficit in India: Empirical Investigation within Linear and Nonlinear Framework," Energies, MDPI, vol. 16(6), pages 1-23, March.
    11. Agustín S. Bénétrix, 2012. "Fiscal Shocks And Real Wages," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 17(3), pages 203-220, July.
    12. Chisiridis, Konstantinos & Mouratidis, Kostas & Panagiotidis, Theodore, 2022. "The north-south divide, the euro and the world," Journal of International Money and Finance, Elsevier, vol. 121(C).
    13. Çatık, Abdurrahman Nazif & Gök, Barış & Akseki, Utku, 2015. "A nonlinear investigation of the twin deficits hypothesis over the business cycle: Evidence from Turkey," Economic Systems, Elsevier, vol. 39(1), pages 181-196.
    14. Marco Riguzzi & Philipp Wegmueller, 2017. "Economic Openness and Fiscal Multipliers," International Economic Journal, Taylor & Francis Journals, vol. 31(1), pages 1-35, January.
    15. Christophe Rault & António Afonso, 2009. "Bootstrap panel granger-causality between government budget and external deficits for the EU," Economics Bulletin, AccessEcon, vol. 29(2), pages 1027-1034.
    16. Makin, Anthony J. & Ratnasiri, Shyama, 2023. "New estimates of international capital mobility for select OECD economies," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 127-138.
    17. António Afonso & Christophe Rault, 2008. "Budgetary and External Imbalances Relationship : a Panel Data Diagnostic," Working Papers Department of Economics 2008/45, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    18. Morten O. Ravn & Stephanie Schmitt-Grohé & Martín Uribe, 2007. "Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate," NBER Working Papers 13328, National Bureau of Economic Research, Inc.
    19. Campbell, Douglas L., 2013. "Relative Prices, Hysteresis, and the Decline of American Manufacturing," MPRA Paper 51723, University Library of Munich, Germany.
    20. Choi, Horag & Mark, Nelson C. & Sul, Donggyu, 2008. "Endogenous discounting, the world saving glut and the U.S. current account," Journal of International Economics, Elsevier, vol. 75(1), pages 30-53, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:smo:jornl1:v:8:y:2024:i:2:p:122-131. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard David (email available below). General contact details of provider: http://journal.rais.education/index.php/raiss .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.