Europe in the New World Economy: Opportunities and Challenges

Beschreibung

The 2023 edition of the Conference, was dedicated to the 50 anniversary of the National Institute for Economic Research ”Costin C. Kirițescu” of the Romanian Academy.

The transition from traditional economic patterns to a model marked by enhanced efficiency, environmental responsibility, and the adaptation to a “new normal” economic philosophy marks a pivotal moment in understanding Europe’s economic ecosystem within the new world economy. Against the background of accelerating technological progress and national and global interdependencies, in the context of increased exposure to the risks of external shocks, the economic science, as social science, should be more in line with other sciences, on an evolutionary trajectory permanently connected to the processes of human development. This volume explores emerging research topics, methodologies, and techniques that are essential to understand the global economy dynamics and growth patterns under crisis circumstances and persistent uncertainties. The most relevant aspects up for scrutiny are related to new analytical economic frameworks tools and data, resilience in dealing to future shocks, digitalization and green transition, technological innovation and AI, energy system transformation, food safety and security, regionalization of supply chains, debt sustainability and fiscal consolidation, financial system and hybrid risks, synergies between growth, inequality, stability and environment, the future of work, institutional innovation, policy trade-offs and complementarities, redefining well-being and the quality of life, containing systemic threats, geopolitical tensions. The volume offers theoretical and practical contributions as well as quantitative and qualitative analyses providing valuable inputs for the design of adequate strategies and policies, aimed to address the future challenges and to capitalize on the emerged opportunities. The content of this book is of high interest to scholars, researchers, students, practitioners and policy makers, but also to a broader public audience.

The transition from traditional economic patterns to a model marked by enhanced efficiency, environmental responsibility, and the adaptation to a “new normal” economic philosophy marks a pivotal moment in understanding Europe’s economic ecosystem within the new world economy. However, the reliance on conventional economic philosophies has often overlooked the broader economic and social landscapes in which these paradigms operate. This volume explores emerging research topics, methodologies, and techniques that are essential to understanding the global economy dynamics and growth patterns under crisis circumstances and persistent uncertainties. Featuring contributions presented at the 2023 International Conference “Economic Scientific Research - Theoretical, Empirical and Practical Approaches” (ESPERA) held in Bucharest Romania in honor of the 50th Anniversary of the National Institute for Economic Research “Costin C. Kiritescu” of the Romanian Academy, this book offers theoretical and practical contributions as well as quantitative and qualitative analyses providing valuable inputs for the design of adequate strategies and policies, aimed to address the future challenges and to capitalize on the emerged opportunities. From sustainable development to digital innovation, this book examines the dynamic landscape of European economics and underscores the significance of interdisciplinary approaches and technological advancements in fostering economic resilience and growth. The contents of this book are of interest to scholars, researchers, students, practitioners, and policy makers in economics and business transformation.

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Luminita Chivu

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Agricultural and rural development Smart Development Green Transition Financial markets European integration Deglobalization Cybersecurity Banking systems Tourism economy Sustainability labor markets sovereign debts Resource economics ESPERA 2023

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