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Global Risk Management – A Necessity in a World of Vulnerabilities and of ECO-Economy and BIO -ECO-Economy Needed by ECO-SANO-Genesis

Author

Listed:
  • Elena Gurgu

    (Spiru Haret University)

  • Cosmina Savu

    (Spiru Haret University)

Abstract

The Vision of the Eco-Bio-Economy is to sustain development of the humankind welfare in all forms, through an economy of future dedicated to human life through the rational use of the environmental resources. The present work attempts to discuss the issues that humanity faces at the beginning of a new global economic paradigm. The minimum point of the financial crisis started in 2008 meets the final years of the decline phase of the long term global economic cycle. The feeling is one of lack of vision on the part of Governments, of improvisation, of passive reaction, such as seeing and doing. One feels that the economic context is worn out , dysfunctional because of deep recovery problems. The perception, not far from the taugh reality, is that of a national competition meant to minimize losses caused by the financial crisis and to use beggar thy neighbor types of policies, similar to finding the way out of the crisis on the expense of others.

Suggested Citation

  • Elena Gurgu & Cosmina Savu, 2015. "Global Risk Management – A Necessity in a World of Vulnerabilities and of ECO-Economy and BIO -ECO-Economy Needed by ECO-SANO-Genesis," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 4(2), pages 21-38, June.
    • Handle: RePEc:sph:rjedep:v:4:y:2015:i:2:p:21-38
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    File URL: http://jedep.spiruharet.ro/RePEc/sph/rjedep/JEDEP13_2Gurgu_Savu_p21-38.pdf
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    Citations

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    Cited by:

    1. Aristide COCIUBAN, 2017. "Subsaharian Africa - The Eternal Stone On The Chess Table Of World Geopolitics," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 4(1), pages 71-93, November.
    2. Ungureanu Anca & Braicu Cezar & Adrian Ungureanu, 2015. "Risk Identification in Project Management," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 2(1), pages 259-266, December.
    3. Dragomir, Lucian & Dragomir, Robert, 2019. "Climate Change And Its Interaction With Natural, Economic And Social Processes," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 19(2), pages 125-138.

    More about this item

    Keywords

    world financial and economic crisis; global risks; unemployment; inequality; globalization; conflicts; chronic unemployment; eco-bio-economy; global economic and financial crisis; global risks; unemployment; inequality; globalization; conflicts; chronic underemployment; green economy;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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