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Theoretical and Applied Economics
No. 1 / 2021 (626), Spring

Is the creation of major objectives in the European Union an objective that may constitute a challenge for the Member States of the European Union?

Constantin ANGHELACHE
Bucharest University of Economic Studies, Romania
Mădălina-Gabriela ANGHEL
“Artifex” University of Bucharest, Romania
Ștefan Virgil IACOB
“Artifex” University of Bucharest, Romania
Ana Maria POPESCU
Bucharest University of Economic Studies, Romania

Abstract. In 2021, the issue of supporting the Member States for the European Union to ensure the transition to a normal economy as soon as possible, deeply affected by the health and economic and financial crisis. However, it is necessary to launch major objectives at Community level that give consistency to economic recovery. The approach in this article is also in this context.

The Member States of the European Union aim individually and at the same time in a complex way to achieve superior results, in order to ensure sustainable economic growth, which would be the main factor in improving living conditions. In this sense, that of the economic growth of the European Union and of all the Member States, it is important to initiate economic objectives with the participation of as many Member States as possible. At the same time, the individual development of each stratum is important so as to ensure harmonized growth in order to pursue the second objective, which is to bring the level of economic growth closer to all Member States.

Member States' individual investments, as well as those harmonized in the context of economic objectives, are the steps by which this challenge could be achieved, could be met. There are enough contradictions in the European Union, in the sense that some states that have entered the last tranche or the last stage in the European Union, have yet to set a series of individual objectives to ensure the elimination of dysfunctions and consequently, creating a harmonization of economic developments.

The question is whether the European Union is an appropriate framework, so that actors and partners can look with confidence and confidence to achieve major goals. The example of Brexit is one that brings a new possibility of insecurity, in the sense that the United Kingdom leaves a gap in terms of individual participation in the Community budget. Under these conditions, it is likely that the annual and multiannual budget will be slightly smaller and the lack of Great Britain in the entourage of the Member States will be able to be covered only by a sustained activity on multiple levels by the Community countries.

There are a number of objectives in the European Union's strategy that must be pursued in full accordance with the national strategies of the Member States. Only a harmonized policy can ensure a development closer to the aspirations and wishes of the Member States. The European Union is also manifested in a series of contradictions that exist between some Member States, which arise between what each Member State pursues and the global policy promoted by the European Union. In this regard, in this article we will seek to identify those points that may be positive aspects of harmonization of efforts or that are discordant and should be eliminated in order to reach a possibility of correlating the intentions and measures taken, so that it can be achieve some of the challenges facing the European Union. It should also be noted that between the United States and the European Union in economic, trade, tourism there are some different positions that can have an effect on the development of the European Union and its Member States within it.

Keywords: European Union, economic objectives, challenges, economic growth, harmonization of economic growth.

Contents

1

How do immigration impact unemployment and economic prosperity? An extensive investigation from the OECD nations

Swapnanil SENGUPTA · Rareș Petru MIHALACHE

2

Influences and spatial effects on subjective well-being

Ioana CIORBAGIU

3

Pre- and post- analysis of Bank of Japan’s policy implementation of negative interest rates

Alexander I. VILLANUEVA

4

Using of KPIs and Dashboard in the analysis of Nike company's performance management

Ionuț NICA · Nora CHIRIȚĂ · Ștefan IONESCU

5

Economic policy uncertainty and adaptability in international capital markets

Paulo Vitor Souza de SOUZA · César Augusto Tibúrcio SILVA

6

Is the creation of major objectives in the European Union an objective that may constitute a challenge for the Member States of the European Union?

Constantin ANGHELACHE · Mădălina-Gabriela ANGHEL · Ștefan Virgil IACOB · Ana Maria POPESCU

7

Romania’s coal-fired power plants efficiency and pollution in the context of the European green deal

Vlad NERĂU

8

Equilibrium in a Stackelberg duopoly

Ciprian RUSESCU

9

Energy and economic growth. An empirical analysis

Antonios ADAMOPOULOS

10

Fiscal competition and public expenditure composition in the era of globalization: Panel data analysis

Şahin AKKAYA · Ferda Yerdelen TATOĞLU · Ufuk BAKKAL

11

Empirics of technology and unemployment in advanced countries

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12

Capital account liberalisation in India: Volatility of capital flows and selective policy issues

Shivangi JAISWAL · Dr. N. KUBENDRAN

13

Health, health production and input financing: A theoretical note

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14

The response of monetary policy to the COVID-19 pandemic in Turkey. The path of a credit-based economic recovery

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15

The co-integration and causal relationship between saving and economic growth in India

Dr. Tariq Ahmad BHAT · Tariq Ahmad LONE · Dr. Khursheed Hussain DAR

16

Does exchange rate volatility affect financial depth? Evidence from BRICS countries

Oğuzhan ŞENGÜL

17

Debt-financed public investment in developing countries: Does the efficiency of public investment matter?

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18

Dynamic connection between macroeconomic variables and sectoral stock returns: Evidence from India

Parminder KAUR · Dr. Ravi SINGLA

19

A pragmatic evaluation of the interconnection between currency futures return volatility, open interest and volume

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20

Fiscal policy and growth-inequality tradeoffs: Bayesian evidence from Cote d’Ivoire

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21

My colleague is corrupt: Information disclosure to control corruption

Indervir SINGH · Ashapurna BARUAH