The paper focus on the topic of circular economy in the context of sustainable development, as one major objective of today's societies. Circular economy is mostly characterized by the need to improve the use of resources,by reducing waste and recycling. Under the sustainable development broader circumstances, circular economy becomes one of the important part of providing resources for the future generations, based on intra and intergenerational solidarity, having as starting points the 3 R (reuse, recirculation, recycling) and extending the lifecycle of products. Also, a circular economy is an important factor to develop the smart cities. The smart city can be understood as a sustainable city, a city well performing in economy, governance, but also in environment and living. The paper aims to identify a set of major actions recommended at the European Union level in order to promote this vision. It aims as well to highlight some of the economic and institutional barriers that might be faced at all economic levels. The EU recommendations associated with the trends of increasing the prices of raw materials and also with the need to reduce the import dependency such as better ensure the energetic security and sustainability by respecting the imperatives of environment protection, require a focus on efforts towards these directions. Starting from these approaches, we analyzed the progress achieved by Romania in the last ten years and the extent to which the country is prepared to implement an efficient management of municipal waste in order to promote the circular economy vision. Based on the progresses obtained in the last decade, we appreciate that Romanian decision makers had understood the importance of circular economy and had taken some specific action dedicated to the focus on this direction. Although some of the indicators referring to recycling show an improvement in Romania, it still has to improve performance in this field. We consider that one of the main challenges for the future in terms of circular economy refers to the further development of the sectors associated with the circularity of resource and with the emergence of employment opportunities, based both on an active involvement of public and private sectors.

The topic investigated in this article is a comparison, contrast, and integration effort of European strategies for sustainable development with the evolving market initiatives that are beginning to fuel the fourth industrial revolution. Several regulatory initiatives from continental bodies come into effect to radically change access to finances for business development, based on sustainability goals, and an analysis of the legislation and trends becomes essential for an effective pivot tactic in the face of adversity, as well as change management policies to pre-emptively adapt and perform. The general research question is “what the strategic tools are best employed to overcome the hurdles laid forth by the drastic changes legally required for a sustainable future?” The research methods include a quantitative analysis of norms, regulations, and legislation, including strategic initiatives circulated in the European Union governmental bodies, integrated with qualitative research of the literature. The study finds and draws synergies between national strategies that have recently been drafted or are currently evolving with sustainability-centric initiatives such as the hydrogen initiative, the nuclear initiative, the natural gas initiative, the renewables initiative, the synthetics, and biomass initiative, the ESG initiative, the digital initiative. The findings are to contribute to the business administration field by providing an appropriate image of the organizational design model in the sustainability era, and a strategy framework to build the optimum long-term vision founded on continental regulatory initiatives that have come into effect.

: Following De Grauwe (2016), this research advances the idea according to which economies that are part of a monetary union issue debt in a medium of exchange they cannot control: financial markets develop the capacity to impose default on such economies. We are interested in how previous research analyzed the notion that, when economies are autonomous and they employ the exchange rate as a vehicle to handle asymmetric shocks, they confront comparable constraints on the performance of exchange rate strategies. When a monetary union is affected by significant asymmetric shocks, the member economies have to deal with tough adjustment issues. Empirical and secondary data are used to back the assertion that, in a monetary union, economies that are affected by long-lasting asymmetric demand shocks demand wage elasticity and labor flexibility to rectify for them, and if the latter generate substantial budget deficits, financial markets tend to intensify the consequences of the asymmetric shocks, boosting the demand for severe regulation of wages and labor flexibility. Our article makes conceptual and methodological contributions to the view that member economies of a monetary union are exposed to varying market reactions, generating more volatility in the business cycle: an economy undergoing a recession and a rise in the budget deficit might be affected by wide-ranging transactions of its government bonds, causing a liquidity crisis and superior interest rates, and possibly coercing the government of that economy to adopt budgetary austerity measures, thus intensifying the recession.

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The public healthcare system is heavily influenced by the 3C trilemma - cost - coverage - choice. The paper’s argument tackles the fact that should the public decision on improving capacity be leaning towards universal coverage in would result in efficiency losses and, in an attempt to control the costs it would limit patients’ choice. Should priority be given to performance or value? The present paper deals with the compromise between the equity and efficiency, a leaky bucket that becomes more visible in the struggle to build capacity and intervene in the market by setting standards. Setting healthcare standards is a global concern, the 3rd Sustainable Development Goal is a clear proof of that the aim to emphasise and better analyse two of the most influential variables: efficiency and equity. All in all, what we argue is that the current leaky bucket is a trade-off between choice, coverage, and cost. For a complex public service like healthcare, targeting a full coverage and multiple choice would incur huge costs and, cutting costs considerably restricts both the choice and coverage. The cost is influenced by the production capacity use when the activity has large fixed costs.