THE ROLE OF SOVEREIGN DEBTS IN THE DEVELOPMENT OF THE ACTUAL MACROECONOMIC ENVIROMMENT
Journal Title: Challenges of the knowledge society ( Provocari ale societatii cunoasterii ) - Year 2019, Vol 11, Issue 13
Abstract
Globally, the volume of public debt, most of which is sovereign debt, has increased significantly and although the macroeconomic development of most states has made good progress since the consequences of the global financial crisis triggered by the United States since 2007, their share has become a major concern for global financial equilibrium. In this context, the analysis of the evolution of public debt in each country as well as in the geographic areas of strategic importance for the international economic conjuncture is an imperative for international financial analysts and institutions as well as for those who develop forecasts and propose economic-financial policies in the short term, and especially in the medium and long term. The analysis of public debt in each country, region or community / association of sovereign states is of major importance both for assessing the financial stability and, implicitly, the economic at national, global as well as presently when capital, as well as goods and services circulate with great ease between countries and continents to identify potential risk factors that may affect the macroeconomic development and social life of the communities involved. The aggravation of free movement, along with the increase in public debt, along with other factors of an economic, political and social nature, contributes to the establishment of a new world economic order characterized by a new hierarchy of world states, new economic and financial relations between countries with a developed economy and those with important natural and human resources, but whose level of macroeconomic performance is well below the level of developed ones
Authors and Affiliations
Emilia Cornelia STOICA, Nicoleta Georgeta PANAIT
Keywords
Related Articles
- EP ID EP591079
- DOI -
- Views 131
- Downloads 0
THE IMPACT OF SOCIAL RELATIONSHIPS OVER HEALTH AND LONGEVITY. THE “BLUE ZONES” CASE
The present paper aims to analyze – both from a quantitative and a qualitative perspective – the impact of social relationships over health and longevity in contemporary society. Today human interaction is more and more...
ASPECTS OF ETHICAL MANAGEMENT IN TODAY'S EUROPEAN UNIVERSITIES
The present paper is a theoretical one. Firstly, this paper attempts to reveal to what extent the 21st century universities – with all the characteristics of this period - are concerned about ethical problems. And if uni...
A RESEARCH ON POLICIES FOR GREEN ECONOMY IN DEVELOPED AND DEVELOPİNG COUNTRİES WİTHİN THE SCOPE OF SUSTAINABLE DEVELOPMENT
With the increasing population since the existence of mankind technology has developed the use of resources which increased with development of technology and production and environmental destruction has been the result...
COMMENTS ON THE OFFENSE SET FORTH UNDER ART. 13IN THE LAW NO. 78/2000
The law conditions the application of its provisions only to the arbitrary conduct of the head of a political party, union, employers’ association or some non-profit corporate bodies. Considering the contradictory judgme...
APPLYING THE QUALITY MANAGEMENT SYSTEM AND OPTIMIZING ITS COSTS
The approach of this paper is to optimize the costs of applying the integrated quality management systems in industrial organizations. In this case, the optimization implies the determination of the limit of the costs ge...