REGIONAL AND LOCAL MACROECONOMIC POLICIES FROM THE PERSPECTIVE OF THE DEVELOPMENT OF EMERGING STATES

MĂRGĂRITA Ilinca Andrada, Lucian Blaga University of Sibiu

CAZACU Mihai, Bucharest University of Economic Studies

Abstract:
This study examines the intricate relationship between regional and local macroeconomic policies and the development trajectories of emerging states within the context of an increasingly globalized world economy. The research posits that information and communication technology (ICT) serves as a critical determinant of economic progress, influencing a nation s capacity to adopt new technologies and integrate into global markets. Therefore, this study aims to elucidate the complex interplay between technological advancement, cultural values, and demographic attitudes in emerging economies. The paper explores how these factors, in conjunction with macroeconomic policies, shape the economic landscape of developing nations. Furthermore, it investigates the role of trade agreements, foreign direct investment, and the spillover effects from developed economies in fostering growth in emerging markets. This research contributes to the broader understanding of economic development disparities and provides insights into effective policy formulation for emerging economies in an era of rapid technological change and economic interdependence.

Keywords: globalization, economic development, macroeconomic policies, information and communication technology, emerging economies, trade agreements

JEL Classification: F60, F63, O11, O33

Volume: 76, Issue: 2

Pages: 22 - 28

Publication date: June, 2024

DOI: 10.56043/reveco-2024-0012

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/76202margarita&cazacu.pdf

”Cite