Suchergebnisse

Economic development is a subject that generates much controversy, mainly because of the widening gaps between poor and rich nations. In the present paper, we intend to identify and explain the differences that exist both between and within the European Union states, from an economic development point of view. In order to reach this objective, we have collected, analysed and interpreted information included in various statistical data bases, reports and year books. The results show that the development differences between EU economies are not so large, compared to the situation of the rest of the world. However, there are significant development gaps inside some EU states, especially from the South-East part of Europe and the Baltic countries.

For more than a quarter of a century, China has experienced a significant economic growth. Yet, this rapid growth has brought on many economic, social and environmental challenges, which might negatively influence the future development of the country. The objective of this paper is to analyse the Chinese economic evolution in order to determine if its growth model is sustainable over time. The research methods consisted in an investigation of the specialized literature, which helped us formulate four research hypotheses, and in a statistical analysis of secondary data, which allowed us develop four models, in order to test the hypotheses. The conclusions show that, to sustain the growth rate, China needs to increase its human capital stock, to keep the pace of attracting the foreign investments, to reduce the size of the government, to diminish the public consumption and to invest in the renewable energy, for increasing the energy efficiency.