Journal of Electrical and Electronics Engineering (May 2013)

Managers and Engineer Economists in the Development of the Social Economy

  • RADA Ioan Constantin,
  • MAGDOIU Liliana Doina

Journal volume & issue
Vol. 6, no. 1
pp. 125 – 128

Abstract

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In order to face globalization effectively, it is clear that we must learn to manage it better, paying more attention to poor areas and people. We must pay attention to other values beside profits and GDP.Unfortunately, the international institutions (International Monetary Fund, World Bank, World Trade Organization) responsible for establishing and managing the global economy have made it in a waymarked by shortcomings. Deficiencies in terms of democracy, through certain interests (agriculture, oil, medicine, etc.) of economically advanced countries. Also, there is imbalance in the priority list and the results of each area of globalization. Managers and engineer economists have to deal with it by recognizing that globalization will put pressure on destructuring national economies (through the disappearance of some industries) reducing wages, the need for training and reconversion of workforce.

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