ROMANIA IN THE CONTEXT OF SUSTAINABLE AND FUNCTIONAL GLOBALIZATION. MACROECONOMIC POLICIES AND STRATEGIES FOR MANAGING THE REGIONAL AND GLOBAL INTEGRATION OF THE ROMANIAN COMPETITIVE SPACE

Abstract

The emerging assemblage of the absorption markets, managed by the very nature of the competitive mechanisms, manifests in the contemporary period ample diversifications under the incidences exerted by the direction of foreign capital flows. The case of Romania is by far a particular one, delimited by the emergence of the consumption behavior of the population, which enables the effects of dislocation of the forms under which the operating procedures of the multinational corporations are usually portrayed. Certainly, the economic and institutional reforms undertaken and carried out by Romania in the long term, even since 1990, have been and continue to represent the central pivot in boosting competitive advantages and, last but not least, in favoring an ascending trend of social welfare as an expression of the degree of economic development and meeting the requirements of integrated competition spaces. Undoubtedly, the economic and institutional reforms undertaken and carried out by Romania in the long term since 1990 have been and continue to be the key pillar in boosting competitive advantages and, last but not least, in favoring an ascending trend of social welfare, that expression of the degree of economic development and satisfaction of the requirements of the integrated competition spaces. In this regard, multinational corporations can exert direct and indirect effects on the evolutions in the spectrum of investment development from implantation economies, the latter being able to be argued in the form of actual investment activities or those carried out under the system of inter-state corporate cooperation, by absorbing the potential of local firms.