EU – Energy issue and the prospect of a low carbon economy
Florin Bonciu
Abstract
During the past months the energy issue became more and more present on the EU agenda for various reasons ranging from the consequences of EU vulnerability as an oil importer when Russia's row with Belarus hit its supplies to the gloomy implications of climate change which is clearly accelerated by current energy consumption patterns. This will increase the EU’s vulnerability to reductions in supply or higher prices. The EU also needs to burn less fossil fuel in order to reverse global warming. Moreover, the EU’s energy infrastructure needs improving at an estimated cost of €1 trillion over the next 20 years.

Keywords: energy, EU agenda, EU vulnerability, global warming

WELFARE STATE CRISIS AND NEO-LIBERAL IMPOSITION IN ARGENTINA. THE ADMINISTRATIONS OF MENEM AND ALFONSIN
Maria de Monserra T. Llairo
Abstract
The main aim of this piece is to explain the reasons why there was no continuity in Argentina's economic policy. The political immaturity in the practice of democracy in Argentina led to a bipartisan system as the only way to achieve institutional stability. Both political lines, how­ever, have in their ideas and actions certain concepts and procedures that are inherent to Argentina's unstable political situation.

Keywords: welfare state, neo-liberalism, Argentina’s economic policy, democracy

INSTITUTIONAL CHANGE IN EU: HOW MUCH "FREE MARKET", HOW MUCH “WELFARE STATE”?
Cosmin Marinescu and Anisia Popescu
Abstract
Recent evolutions in Europe raise questions on the viability of the actual economic and social model that defines the European construction project. In this paper, using the logics of economic theory, we will try to explain the viability of institutional European model that stick between free market mechanisms and protectionism. The main challenge for the EU is about the possibility to bring together the institutional convergence and the wellbeing for all Europeans. This is the result of the view, still dominant, of European politics elite, according to which institutional harmonization is the solution of a more dynamic and prosper Europe. But, economic realities convince us that a harmonized, standardized Europe is not necessarily identical with a Europe of harmony and social cooperation.

Keywords: institutional change, social cooperation, free market, welfare state

ORGANIC AGRICULTURE IN EUROPEAN UNION. THE CASE OF ITALY
Iuliana Mircea
Abstract
This study aims to approach some interesting points of view on-looker the organic agriculture in Europe, a new relative area of modern agriculture, which is in a continuous development nowadays. The organic agriculture has a very important place in the agriculture in Europe and in entire world. In contrast to other parts of European agriculture, organic farming is a growth sector. Althought rapid growth has been observed in absolute terms, the organic farming sector is still quite small, covering only about four percent of total agricultural land area in the EU. Due to differences in support between Member States and regions, large differences in the development stage of the organic sector exist.

Keywords: organic agriculture, European Union, sustainable farming, biodiversity

The Nature and Diversity of Governmental Activities
Marilena Zuca
Abstract
In this article, I discuss the Governmental Accounting Standards Board (GASB), which establishes accounting standards for state and local governmental units and which is a sister organization of the Financial Accounting Standards Board (FASB). I also discuss the nature and diversity of governmental activities, the objectives of governmental financial reporting, the two different kinds of flow statements that are used to present operating statements for governmental activities, and other reporting.

Keywords: governmental activity, governmental accounting standards boards, financial reporting

THE ROLE OF FOREIGN EXCHANGE RESERVES: ANOTHER VIEWPOINT
Bogdan Glăvan
Abstract
Discussion around the optimality of foreign exchange reserves has intensified recently, due to a seeming ineficient increasing of foreign reserves, especially in the developing world. This paper presents the state of this issue, challenging the conventional perspective according to which foreign exchange reserves are needed in order to preserve the stability of exchange rates.

Keywords: foreign exchange reserves, optimal reserves, developing countries, exchange rates

Management Through Budget in the Context of U.E. Integration and Economic Change
Anca Cruceru
Abstract
In the context of E.U. integration and economic change emerges a new organization (the firm) based on knowledge, which uses as managerial method, a method of financial management- the management through budget. Having in view a profitable activity, this method assumes solving three interdependent problems: financing (attraction and using of the capital), risk (removal of the bankruptcy risk) and performance (obtaining the performance- rationality and maxim efficiency of the activity). These fundamental problems were at all times, but their importance magnified now, at the beginning of the 21st century.  By solving these problems and taking into account the implications of change on the organizations, we can adapt to the European requirements and we can raise competitiveness on the E.U. market.

Keywords: EU integration, financial management,competitiveness, EU market

ROMANIA'S HUMAN RESOURCES IN THE EUROPEAN UNION ACCESSION CONTEXT
Alexandra Ionescu
Abstract
Human resources have always been mobile, and nowadays more than ever, this quality is essential. The migration of Romania’s human resources is, no more at its beginings. But if people want to work outside Romania’s borders, should know how to do  it, legaly and professionally.

Keywords: human resources, migration, Romanian economy, EU accession

THE FRAMEWORK OF NEW REGIONAL COOPERATION FORMS IN MEDITERANEAN AREA: SERBIA AND MONTENEGRO IN THE FOREIGN POLICY STRATEGY
Slobodan Pajovic
Abstract
After the fall of the Berlin Wall we have witnessed new initiatives and common actions, oriented toward a better understanding and intensification of multilateral cooperation among all european peoples. The goal of these actions is to achieve a more efficient employment and distribution of natural resources, and trade liberalization. On the other hand, these new political trends can have positive effects on regional stability, security, economic cooperation, including resolution of conflicts.

Keywords: regional cooperation, mediteranean area, foreign policy, economic cooperation

Performance and Technology on the Travel Industry
Daniela Firoiu, Cezar Mihălcescu, Camelia Gheorghe
Abstract
Much of the technological development taking place in the travel trade and transport sectors is, surprisingly, still at the embryonic stage. The extent to which the subsectors utilize the technology will undoubtedly grow substantially in the future. This may have the effect of increasing the market or alternatively it may merely displace business by changing channels of distribution.

Keywords: travel industry, technological development, distribution,

Perspectives for the international role of Euro: a comment
Simona Poladian
Abstract
The introduction of the single currency in the Euro Zone is a historical change in the international financial architecture. The increasing significance of the new currency is the result of the 12 EU member’s decision to leave the national currency in favor of Euro. The entire GDP of these 12 countries almost equals that of USA and their contribution to world trade is 25% bigger than the USA proportion. On longer term, the newly member states together with Denmark, Sweden and United Kingdom, the 3 older EU members who already have rejected Euro currency, is preparing for fulfilling the Euro Zone convergence criteria and this process will increase the Euros’ international significance in future. The question that arises from this is what would happen if Euro is limited only to EU or if will be a currency more and more used on the international scene.

Keywords: euro, convergence criteria, international role of euro, EU enlargement

ROMANIA AND THE UNITED NATIONS REFORM: A COMMENT
Nicolae Idu
Abstract
After Romania joined NATO in 2002 and EU membership has been perceived as more and more feasible, its involvement in U.N. peace-keeping operations and multi-national military activities aimed at preserving international stability has become an important component of its foreign policy. In spite of its financial resources scarcity, budgetary constrains and new nuances in the public opinion on that subject, this line will be escaladed once assuming the EU membership obligations.

Keywords: United Nations, Romania, institutional reform, EU membership