The KOF Globalization Index reflects the level of economic, social and political globalization and covers over 200 countries. Since 2015, this index has fallen for the first time, after stagnating between 2009-2015. This decline is mainly attributed to trade and financial flows caused by the deterioration of the general policy framework. Equally, the social component has the same downward trend. In view of these considerations, many voices call into question the process of deglobalisation or diminishing integration between the nations of the world. Equally, the Sustainable Development Goals aim at global collaboration in the three dimensions-economic, social and environmental-taking into account different national levels of development and in line with national priorities and policies. In the present study, we aimed to address the factors of sustainable development from the perspective of the deglobalization process and to identify to what extent the objectives of sustainable development will be affected, in the medium and long term, given that two of the pillars on which the sustainable development is based are directly affected.
In the year 2022, inflation has become a global phenomenon. According to the World Bank, inflation affected developed countries (100%) and emerging markets/developing economies (87%). About two-thirds of advanced economies and just over half of emerging markets exceeded forecast inflation for 2021. This drove interest rates higher and helped tighten monetary conditions. As a result of the increasing costs of loans, this fact can lead to financial crises. The main causes on account of which the political factor justifies the increase in inflation refer to the war in Ukraine and the energy crisis. However, the direct effect of energy prices on inflation is low, as the share of energy costs in the consumption basket is low, according to the calculation formula used at the European level. Moreover, the population’s perception reinforces this aspect, considering the fact that the prices of the most common food products in the daily basket have doubled or even tripled. Even in these conditions, energy companies continued to make high profits, which is why the need to overtax them at the European level arose. Although the energy crisis is recognized as one of the main causes of inflation, despite the importance of this topic, academic studies have neglected to analyze the real impact on inflation of energy shocks resulting from price increases. In such a context, the present study starts from the premise that the current energy crisis cannot be considered to be the only determining cause of the growth of the inflationary phenomenon. This could be the result of macroeconomic policies perpetuated over several decades, without a positive echo in the economy.
In the period 2007 -2013, many people in Europe turned their attention to accessing funds, particularly in tourism. They applied for various projects through which they could either build housing, nutrition, recreation units, or improve the tourism structures they owned. In this paper, we have developed a qualitative research using the semi-directed interview method and the interview guide as a tool. We have conducted the research over several years, until 2019, and included seven beneficiaries after a pre-selection that took into account some criteria. Beneficiaries have often mentioned that they had difficulties when it came to accessing European funds in tourism, or that
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The Kurzarbeit model was applied by several European governments during the previous crisis of 2008-2009 and involved the design of small state-funded work schemes. Governments have supported subsidized companies to compensate for the loss of revenue. Adapting the model to the crisis has been much easier in countries where regulation already exists, compared to the countries that adopted it for the first time. The efficiency of the model was different, with the best results being obtained by countries that had robust economies before the crisis. Overall, at the level of countries that have applied this model, it can be said that the model provided job stability during the crisis, not the certainty that workers will keep their jobs even after the crisis. Given the recent decision of the Romanian Government to apply the Kurzarbeit measure in our country as well, in the current study we considered the analysis of those issues that affected the countries that adopted this model for the first time, in the previous crisis, at which we added the unprecedented impact of the recent pandemic and the particular aspects that characterize today’s Romanian economy. The results show that, without analyzing the particularities that differentiate Romania from the countries that have successfully applied the model, the Kurzarbeit model will not ensure the sustainable development of the social factor and the employment rate assumed for 2020, and social inequalities and poverty will continue to deepen.
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