An extensive literature shows the importance of investment policy for sustainability of resource-based economies. The approaches of these studies are mostly based on theoretical results that examine the role of investments in a competitive optimizing economy. This paper extends some of these...

The paper analyses potentials, challenges and problems of the rural tourism from the point of view of its impact on sustainable rural development. It explores alternative sources of income for rural people by means of tourism and investigates effects of the rural tourism on agricultural...

In the current age of trade and financial openness, remote and poor local economies are becoming increasingly exposed to inflows of external capital. External investors - enjoying lower credit constraints than local dwellers - might play a propulsive role for local development. At the same time,...

This paper reports on the findings of an exploratory research whose main purpose was to investigate the impact of micro finance institutions on the socio economic lives of Zimbabweans. The study sought to establish whether micro finance empowers the poor and reduces poverty. The study was...

The hypothesis is that Pareto and Kaldor-Hicks Efficiency have an aspect of sustainability in relation to inequality. The analysis finds efficient situations reached increasing inequality as diminishing in the long term effective demand in a larger measure than counterbalancing increases thanks...

The positive and negative experiences of the World Economic Crisis should be used for recomposing the world’s economic map. For many countries it is a sign for changing the economic model if the country wants to keep up with the new world trends. Republic of Macedonia is one of those...

The introduction of Directive 2003/30 EC of the European Union (EU) on biofuels had the ambitious goal to both reduce greenhouse gas emission (GHG) and create new jobs in rural areas. The challenge lies in the availability of premises to convert biomass in energy, which depends on the...

The integration of Romania into the European Union fundamentally changes the status of our country. Romania will get thus access to the markets the European Union has concluded various commercial agreements with and will become assistance supplyer.