New relations between natural resources and industry in a globalized world economy

• Author: Cristian Sima - Catalina Bonciu - Marius Bulearca - Gheorghe Marinescu
• Position: Dr. CS III, Centre for Industry and Services Economics, Romanian Academy - Professor, Ph.D., Faculty of Administration and Business, University of Bucharest, Romania - Dr. CS II, Centre for Industry and Services Economics, Romanian Academy - Lecturer, Ph.D., 'Dimitrie Cantemir' Christian University, Bucharest, Romania
• Pages: 187-193

Cristian Sima, C?t?lina Bonciu, Marius Bulearca, Gheorghe Marinescu

187

LESIJ NO. XIX, VOL. 2/2012

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NEW RELATIONS BETWEEN NATURAL RESOURCES

AND INDUSTRY IN A GLOBALIZED WORLD ECONOMY

Cristian SIMA∗

C<t<lina BONCIU

Marius BULEARCA

Gheorghe MARINESCU

Abstract

Natural resources are not homogeneous in nature, having certain features in the productive

process that require grouping them into different categories by different criteria. Consequently,

natural resources cannot be addressed all at once, but only distinctly, according to relevant criteria

selected based on the proposed goals. Changing approaches based resources (materials) to the

knowledge, from quantity to quality, from mass products to new concepts of higher added value,

follows a development that is based on eco-efficiency and sustainable products and services. In this

respect, integrated research will become key factors towards global processing.

Keywords: economy, mining industry, natural resources market, property rights regime,

total economic value

Introduction

The knowledge of the crisis and the clear economic value of resources may impose a series of

initial constraints as short-term relatively high costs, but in the same time, such effective in creases

may also provide incentives for economic innovations necessary to any problem which may arise in

times of crisis. Optimistic predictions are often supported by old innovations responsible for the lack

of raw materials and energy.

The modern industrial economy lies in a remarkable number of options which require

compliance with environmental and natural resource exploitation. The technological changes

generating new substitutes increase the productivity of the old ones. The way of improving these

processes include:

1. Increase production per unit of resources entered into the economic process, for example,

the decrease in the amount of coal needed to generate a kWh.

2. The discovery of new metals, synthetic fibers, plastics, etc.

3. Productivity growth in mining processes.

4. Productivity growth in extraction processes and discovery of resources.

5. Develop techniques for waste reuse and recyclable materials.

6. Develop techniques for deep mining or other abundant resources.

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∗ Dr. CS III, Centre for Industry and Services Economics, Romanian Academy (email:

sima60cristian@yahoo.com).

∗∗ Professor, Ph.D., Faculty of Administration and Business, University of Bucharest, Romania (email:

catalina.bonciu@yahoo.com).

∗∗∗ Dr. CS II, Centre for Industry and Services Economics, Romanian Academy (email:

mariusbulearca@yahoo.com)

∗∗∗∗ Lecturer, Ph.D., ”Dimitrie Cantemir” Christian University, Bucharest, Ro mania