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Theoretical and Applied Economics
No. 1 / 2006 (496)

Challenges in Global Economy

Nicolae Danila
Academia de Studii Economice Bucuresti

Abstract. The article is putting before the reader the main aspects concerning the economic and financial international evolution. The progressive relation between the two major currencies, i.e. the U.S. dollar and the Euro, is to be considered as a starting point. The analysis is carried out within the frame of the basic statements of Lisbon Conference of March 2000. In this context, the analysis focuses on the prospects of the European Union against the USA competition, on one side, as well as China and Russian Federation, on the other side. Meantime, the analysis is emphasizing the main directions for the forecasted development of the markets in the USA, China, Russian Federation and European Union. The final conclusion of the analysis is, however, an “optimistic” one.

Keywords: financial market; Euro; US Dollar; European Union; cross-border; hard currency; exchange rate; parity; currency.

Contents

Un punct de sprijin
Marin Dinu
1

Limits of Inflation Targeting Strategy

Cristian Socol · Aura Niculescu

2

Measuring the Company Performance

Ion Stancu

3

Higher Economic Education System. A Postindustrial Approach

Ion Gh. Rosca

4

Short-run and Current Analysis Model in Statistics

Constantin Anghelache · Alexandru Isaic-Maniu · Constantin Mitrut · Vergil Voineagu

5

The Structural Convergence of the Romanian Economy. Comparative Analysis

Marius-Corneliu Marinas

6

„Uthopia – The Castle with Dreams and Hopes”

Dan Popescu

7

Testing the Informational Efficiency on the Romanian Financial Market

Bogdan Dima · Marilen Pirtea · Aurora Murgea

8

The Knowledge Economy – New Economy?

Niculae Niculescu

9

The Evolution of the Romanian Capital Market – Limits and Performances

Gabriela Anghelache

10

Human Resources and the Competitive Organizational Management

Viorel Lefter

11

Re-spiritualization in the Changing Process by Creativity, Responsability, Hope

Constantin Popescu

12

A New Approach in Rentability and Capital Risk Management

Leonardo Badea

13

A New Agenda for Economic Science

Ion Bucur

14

Asymmetrical Information and Uncertainty on the Capital Market

Petru Prunea

15

Economic Growth Models Transition

Coralia Angelescu

16

Challenges in Global Economy

Nicolae Danila

17

Public Economy versus Planned Economy. Current Approaches and Problems

Ani Matei

18

The Deadlock of Sustainable Development

Mircea Dutu

19

The Dichotomy Real – Nominal in Romanian Economy Evolution

Gheorghe H. Popescu · Elvira Nica

20

The Rational Relevance of the Diffuse Paradigms

Marin Dinu