Transformations  in
Business & Economics

SOCIAL CAPITAL, SOCIAL RESPONSIBILITY, ECONOMIC BEHAVIOR AND SUSTAINABLE ECONOMIC DEVELOPMENT - AN ANALYSIS OF ROMANIA’S SITUATION
Laura Mariana Cismas, Andra Miculescu, Lucia Negrut, Viorel Negrut, Maria Daniela Otil, Ioana Vadasan

ABSTRACT. The present paper aims at analysing the way the Romanian economy has integrated the recent approaches in economics, such as social norms, institutional economics, behavioural economics, or ecological economics, and has contributed to the development of economic behaviour, of competitiveness. The authors will take into consideration that economic development can express all quantitative, qualitative and structural transformations occurring in the economic processes, along with scientific research and manufacturing technologies, within the mechanisms regarding the operation of economy, namely thinking the patterns and the behaviour of individuals. The paper draws attention to the multidimensional character of social capital and economic behaviour, both considered as influencing the development theory, practice and policy. The social capital influences the quality of education and health, facilitates access of individuals to markets, supports complex operations and enables long-term planning of activities.

KEYWORDS:  social capital, durable economic development, labour force, innovative enterprise, education, economic growth.

JEL classification:  I25, J2, O34, O35, P46.