Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Nicolas-Costinel NEGREA

Academia de Studii Economice din Bucureşti

This paper examines the negative impact of Romania’s welfare state on economic policy, arguing that it fosters dependency and distorts market signals. Pension systems – designed to ensure social security – now face increasing challenges due to demographic changes and structural inefficiencies. The article proposes a shift toward free market principles, advocating deregulation and privatization to stimulate economic growth and individual empowerment. It recommends decentralizing pension provision through voluntary, market-based mechanisms to ensure long-term sustainability and greater personal autonomy. Rejecting interventionist approaches is seen as key to overcoming the country’s economic difficulties.

ŒCONOMICA no. 3-4/2024

Keywords: interventionism, fiscal sustainability, demographic change, market distortions

JEL: H75, J32, P16

Challenges of the Contemporary Pension System. The Case of Romania

Select Issue: