TRENDS IN LABOR MIGRATION’S REGULATION IN THE EUROPEAN UNION
Florin Bonciu
Abstract
The paper analyzes the recent developments in labor migration regulation in the EU and its implications for Romania as a EU member country. The new regulations will affect both Romanian economy and Romanian education system and in order to minimize these effects adequate measures have to be initiated as soon as possible.

 Keywords: labor migration, labor regulation, European Union, Romanian education system

THE RETAIL MARKET AROUND THE WORLD
Oana Preda and Costel Negricea
Abstract
The global economy has continued to perform reasonably well, lifting retail sales and profitability. However, heightened concern about the growing risks facing retailers is changing the management agenda from one of managing for profitable growth to one of managing and mitigating risk. There is growing awareness among senior management and corporate directors in the retail industry - whose risk management agendas heretofore have been focused primarily on financial integrity issues - of the non-financial risks confronting their organizations.
The paper presents the situation on the global retail industry based on the last year’s dates and prediction its course in the near future. The studied markets are: North America, Europe, Latin America, Asia/Pacific, Africa/Middle East. The global economy has emerged from its doldrums, which has put more money in consumers’ pockets. Profitability and cash positions have risen. Investments in technology are beginning to pay off. Various international markets are showing increasing signs of promise. Competition remains intense in the industry, but the successful industry players have developed the focused strategies that are allowing them to flourish.

Keywords: retail market, global economy, competition, risk management

IDEOLOGY, CONSTITUTIONAL CULTURE AND INSTITUTIONAL CHANGE: THE EU CONSTITUTION AS REFLECTION OF EUROPE’S EMERGENT POSTMODERNISM
Nikolay Wenzel
Abstract
Using the example of the European Constitution, this paper argues that ideology plays a much more important role in institutional change than has been indicated hitherto in the literature.  Rather than being an intellectual parlor-game, Postmodernism has emerged through European high culture to find its voice in the new Constitution.  Although it was rejected by a critical mass of voters, the proposed Constitution offers a telling glimpse into the European intellectual mindset – especially since politicians are now bruiting the possibility of ratifying the constitution via compliant legislatures rather than fickle referenda.  Anomalies in the document are better explained by the post-World War Two emergence of postmodern philosophy in Europe than by more traditional explanations from political economy.

Keywords: European constitution, postmodernism, political economy, institutional change

THE TOURISM’S MEASUREMENT IN THE VIEW OF LASTING DEVELOPMENT
Marian Zaharia, Rodica-Manuela Gogonea and Carmen Năstase
Abstract
The process of globalization and of lasting tourism’s development aims at the touristic activities placed under the influence of ecology and of reasonable use of resources.To measure the lasting tourism’s development represents a necessity in the conditions of a deep interaction among the natural resources protection, the economic development and the compliance with the needs of the clients-customers. The need to coordinate the efforts, both on a regional and at a national scale, for the achievement of great projects, is related with the measurement process concerning the activities involved in tourism. The tourism’s measurement, implicitly of the one belonging to the social-economic process, in consideration of the lasting development, supposes the approach and application of principles and methods which constitute the formation and using base of an almost complete set of indicators. The system of indicators that must converge in an almost complete set has been analyzed by the OCDE forum which considers that their efficiency is higher if the information source is wider and diversified.

Keywords: globalization, tourism, instruments of measurement

MEASURING PRODUCTIVITY IN THE NEW ECONOMY
Mircea Udrea
Abstract
The neo-classical theory of production identified only two production factors: labour and capital. Paul Romer proposed a change to the neo-classical model by introducing the technology (and implicitly knowledge on which it is based) as an inherent factor of the economic system. The Internet economy offers the possibility to develop the businesses in a totally new way by innovatively using the IT&C. This increase is highlighted by the increase of the Multifactor Productivity in the late 1990’s in the USA economy.

Keywords: productivity, neo-classical theory, internet economy, economic system

THE DIVERSITY OF LONG TERM FINANCING SOURCES FOR COMPANIES
Georgeta Vintilă and Mihai NedelescuAbstract
The leasing it’s a form of financing through rent by the specialized financial companies in this operations, of some machines, equipments and some companies goods of the motivation to resort at this form of trade it’s in the specific of some operations that they achieve or in the fact that they don’t have sufficient founds of they own and borrowed to buy them.
Having in view the multitude of ways to buy or to get only the utilization right of an asset (the leasing, the acquisition with cash from one’s own founds, the acquisition through a loan, the acquisition with the payment in rate) the beneficiary has to do a deep analyze of this sources. During this analyze, the most important factor has to be taken in consideration, it’s the cost of each way.

Keywords: leasing, long-term financing, banking loan, financing forms

GLOBALIZATION vs. DEVELOPING ECONOMY
Alexandru Ionescu
Abstract
Economic reality worldwide is marked by the evolution of globalization. This process entails effects that are perceived differently at national economy levels, function of their degree of development. We will proceed by attempting a survey of aspects pertaining to the relationship between globalization and developing economies, stressing on internationalizing Transnational Corporations and its effects.

Keywords: globalization, developing economy, transnational corporations, internationalization

THE FEASIBILITY OF THE HUNGARIAN CONVERGENCE PROGRAMME
Judit Szilágyi
Abstract
The paper provides on overview of the Hungarian Convergence Programme (CP) that envisages the path to restore macroeconomic equilibrium during the next three years. The spiralling budget deficit in 2006 made an update of the previous CP inevitable. In the September 2006 version the government shows strong commitment to face up to the fiscal imbalances and structural problems, yet several aspects question the feasibility of the Programme. The paper focuses on the evaluation of the major objectives and their realisation during the first year of the CP as well as on significant technical assumptions and external factors that may constitute a downside risk for the implementation. Besides introducing a corrective fiscal package the Convergence Program draws the outlines of several, long-awaited reforms of almost the entire sphere of the social welfare systems. As the primary focus is on the feasibility of the budgetary consolidation strategy, the paper deals with these reforms only in the context of the long-term sustainability of public finances.

Keywords: Hungarian economy, convergence programme, fiscal package, structural reform

OVERALL ANALYSIS OF THE TAX EVASION PHENOMENON AND ITS DYNAMICS IN ROMANIA AFTER 1989
Stela Aurelia Toader
Abstract
In this paper the tax dodger phenomenon is approached from the perspective of the tax evasion identified as a consequence of the fiscal inspection activity. Based on the data referring to the level and dynamics of the tax dodger phenomenon have been made appreciations regarding the fiscal discipline of the Romanian tax payer and to the attitude of the qualified organs in discovering and sanction of the fraudulent tax evasion, in the period 1995-2005.
In this sense have been analyzed a series of indicators like: the number of verifications, the number of tax evasion cases, the frequency of tax evasion, the total value of the identified tax evasion, the real volume of the identified tax evasion, the medium measure of tax evasion, the penalty rate and the potential and effective multiplier of tax evasion.
Also it has been realized an analysis on the capacity of the sums additionally drawn after the identification of tax evasion of financing the budget’s deficit. Thus, in 2005, the additionally drawn sums have exceeded the consolidated general budget’s deficit, but unfortunately, these have been received only in a proportion of 21, 4%, the receiving remaining difference, of 2,265,766 RON, representing 97,4% from the consolidated general budget’s deficit.

Keywords: tax evasion, Romanian economy, fiscal regulations, fiscal discipline

THE DOHA ROUND, THE DOWNFALL OF THE WTO?
Sorina Costache
Abstract
In 1995, when the WTO was institutionalized, its perspectives were great. Today, 151 countries are member states, amongst which international trade moguls like the USA, Japan and China while even Russia is in the midst of its accession negotiations. Looks like a success story.
Yet, to no avail, since the Doha Round seems doomed and further negotiations are endangered by the creation of two factions: developed and developing countries accusing each other of non-cooperation and, respectively, of exploitation.
The WTO faces its biggest challenge: surpass self interests for the general good and hail for victory or raise the white flag and accept defeat.

Keywords: World Trade Organization, Doha Round, negociations, liberalization