Global Risk Management – A Necessity in a World of Vulnerabilities and of ECO-Economy and BIO -ECO-Economy Needed by ECO-SANO-Genesis


  • Elena Gurgu ''Spiru Haret University''



world financial and economic crisis, global risks, unemployment, inequality, globalization, conflicts, chronic unemployment, eco-bio-economy, global economic and financial crisis, chronic u


  Abstract. The Vision of the Eco-Bio-Economy is to sustain development of the humankind welfare in all forms, through an economy of future dedicated to human life through the rational use of the environmental resources. The present work attempts to discuss the issues that humanity faces at the beginning of a new global economic paradigm. The minimum point of the financial crisis started in 2008 meets the final years of the decline phase of the long term global economic cycle. The feeling is one of lack of vision on the part of Governments, of improvisation, of passive reaction, such as seeing and doing. One feels that the economic context is worn out , dysfunctional because of deep recovery problems. The perception, not far from the taugh reality, is that of a national competition meant to minimize losses caused by the financial crisis and to use beggar thy neighbor types of policies, similar to finding the way out of the crisis on the expense of others. 

Author Biography

Elena Gurgu, ''Spiru Haret University''

Faculty of Marketing and International Business -Associate Professor PhD, Deputy Dean


Alexandru T. Bogdan and co-authors (2010), Prospects of Agrifood Green Power in 2050 and Forecasting for 2100 with Sustenable Solutions Based on Ecobioeconomics new Paradigm, Bulletin UASVM Animal Science and Biotechnologies, 67 (1-2)/2010;

Cohen, D. şi Soto, M. (2011), Growth and Human Capital: Good Data, Good Results, Development Centre Technical Papers No.179, OECD;

De la Fuente, A. şi Doménech, R. (2006), „Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?”. Journal of the European Economic Association. Vol.4, No.1, pp.1-36;

Dictionary, The New Palgrave Dictionary of Economics(2008), 2nd edition, Palgrave Macmillan, Basingstoke, Hampshire.

Dipl. Eng. Dana Comşa, Prof. Univ. Ph.D. Dr. H. C. Alexandru T. Bogdan, Correspondent Member To The Romanian Academy, Eco-Bio-Diplomacy A New Concept For A Smart Sustainable Development In A Globalized World In The Context Of The Eco-Bio-Economy (2013), Bulletin UASVM Animal Science and Biotechnologies, 78 (1-2)/2013;

DPAD, United Nationas Report - World Economic Situation and Prospects mid -2014 (2014), United Nations;

IIF, Institute of International Finance (2014), The Global Association of Financial Industry, Global Economic Monitor;

ILO, Global Employment Trends 2013- Recovering from a second jobs dip (2013), International Labour Organisation, Geneva;

IMF, Energy Subsidy Reform. Lessons and Implications, (2013), Philippe Karam, International Monetary Found;

IMF, World Economic Qutlook (WEO) – Recovery Strenghtens, Remains Uneven, (2014), International Monetary Found;

OECD (2013), The Well-being of Nations. The Role of Human and Social Capital, Centre for Educational Research and Innovation, OECD Publications, Paris.

OECD (2013), The Well-being of Nations. The Role of Human and Social Capital, Centre for Educational Research and Innovation, OECD Publications, Paris.

Oxfam Briefing Paper (2014), Working for the few - Political Capture and Economic Inequality, 20 January;

UNDP, Human Development Report 2014 (2014), Sustaining Human Progress: Reducing Vulnerabilities and Building Resilience, New York, USA ;

United States Census Bureau, USA, 2014;

World Bank, WB Annual Report 2014 – The Perspectives of Global Economy, Poverty vs. Prosperity, The World Bank, 2014

World Bank, Global Risks Raport 2014 (2014), Ninth Edition, World Economic Forum, Davos;

World Economic Forum (2013), The Global Information Technology Report 2013, Geneva – World Economic Forum.