Articles on Issue Theme
Daniel DĂIANU
Societatea Română de Economie (SOREC)
Recently I made reference to the mythological Antheus to remark that the economy is better to have roots to increase its robustness, to protect it from adverse shocks. What would these roots be? Some are of an institutional nature and they determine the quality of public policy, the ability to respond to shocks; the institutions’ power can be related to a company’s history, to its organizational and political culture, to an identity element, including to what sociologists and political scientists call “social capital” and social cohesion. Also included here is the ability to formulate public / economic policies, their “intellectual” control – what the French would call maitrise and the English mastery.
ŒCONOMICA no. 2/2012
Keywords: globalization, innovation, risk, finance, economic policies, global financial crisis
JEL: F65, F68, G01, G32, O16, O31
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