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OVIDIUS UNIVERSITY ANNALS ECONOMIC SCIENCES SERIES Volume XVIII Issue 1 PDF

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OVIDIUS UNIVERSITY ANNALS ECONOMIC SCIENCES SERIES Volume XVIII Issue 1 Year 2018 ISSN-L 2393-3119 ISSN 2393-3127 OVIDIUS UNIVERSITY ANNALS ECONOMIC SCIENCES SERIES Volume XVIII Issue 1 2018 EDITORIAL BOARD EDITOR in CHIEF: • Elena Cerasela SPĂTARIU, “Ovidius” University of Constanţa, Romania; SCIENTIFIC COMMITTEE: • Paolo ANDREI, Università degli Studi di Parma, Italy; • Stefano AZZALI, Università degli Studi di Parma, Italy; • Gustavo BARRESI, Università degli Studi di Messina, Italy; • Grigore BELOSTECINIC, Academy of Economic Studies of Moldova, Chişinău, Republic of Moldova; • Rose-Marie BORGES, Université d'Auvergne, France; • Ionel BOSTAN, “Ştefan cel Mare” University of Suceava, Romania; • Ion BOTESCU, “Ovidius” University of Constanţa, Romania; • Nikoloz CHIKHLADZE, Kutaisi University of Georgia; • Elena CONDREA, “Ovidius” University of Constanţa, Romania; • Suleyman DEGIRMEN, Mersin University, Turkey; • Cosmin DOBRIN, Bucharest University of Economic Studies, Romania; • Marina GEDEVANISHVILI, Caucasus International University, Georgia; • Gabriela GHEORGHIU, “Ovidius” University of Constanţa, Romania; • Irina GOLUBKOVA, Odessa National Maritime University, Ukraine; • Adriana GRIGORESCU, National School for Political and Administrative Studies; • Kai HAVEKOST, Bremerhaven University, Germany; • Nicolae ISTUDOR, Bucharest University of Economic Studies, Romania; • Zaichko Sergiy IVANOVICH, Odessa National Maritime University, Ukraine; • Stavros KATSIOS, Ionian University, Kérkyra, Greece; • Tamar KOBLIANIDZE, Caucasus International University, Georgia; • Oksana LAVRIKOVA, Kherson State University, Ukraine; • Víctor Raúl LÓPEZ RUIZ, University of Castilla-La Mancha, Spain; • Roman MAMULADZE, Batumi State Maritime Academy, Georgia; • Elisabeth MALANIA, Odessa National Maritime University, Ukraine; • Giorgi MATIASHVILI, Guram Tavartkiladze Teaching University, Georgia; • Pasquale NOVAK, Università degli Studi di Messina, Italy; • Snezhanka OVCHAVOVA, Varna Free University, Bulgaria; • Alexis PAPATHANASSIS, Bremerhaven University, Germany; • Domingo Nevado PEÑA, University of Castilla-La Mancha, Spain; • Ion POPA, Bucharest University of Economic Studies, Romania; • Veronica POPOVICI, “Ovidius” University of Constanţa, Romania; • Natalia REVUTSKA, Batumi State Maritime Academy, Georgia; • Ahmet SENGONUL, Cumhuriyet Üniversitesi, Sivas, Turkey; • Maia UKLEBA, Guram Tavartkiladze Teaching University, Georgia; • Diane Paula Corina VANCEA, “Ovidius” University of Constanţa, Romania; • Simona UTUREANU, “Ovidius” University of Constanţa, Romania; • Răzvan ZAHARIA, Bucharest University of Economic Studies, Romania. iv EDITORIAL COMMITTEE: • Claudia Ioana DOBRE, “Ovidius” University of Constanţa, Romania; • Georgiana Loredana FRECEA, “Ovidius” University of Constanţa, Romania; • Cristina Elena GEORGESCU, “Ovidius” University of Constanţa, Romania; • Gabriela GHEORGHIU, “Ovidius” University of Constanţa, Romania; • Angela Eliza MICU, “Ovidius” University of Constanţa, Romania; • Dorinela NANCU, “Ovidius” University of Constanţa, Romania; • Oana OPRIȘAN, “Ovidius” University of Constanţa, Romania; • Costin Octavian ȘORICI, “Ovidius” University of Constanţa, Romania; • Norina POPOVICI, “Ovidius” University of Constanţa, Romania. v T A B L E O F C O N T E N T S Section I: International Affairs 1. Bonta (Mitea) Liana- Federal Reserve Response to the 2007 Financial 2 Antonela Crisis. Monetary Policy Instruments 2. Bonta (Mitea) Liana- A Comparative Analysis of FED and ECB 7 Antonela Reactions to the Global Financial Crisis Economic Fraud in International Business: Forms 3. Florea Iulia Oana 12 and Implications Legal or Discretionary CSR: The Directive 4. Frecea Georgiana-Loredana 17 2014/95/EU Analysis 5. Koblianidze Tamar, Healthcare System and Problems of Medical Kochlamazashvili Lela, 22 Personnel in Georgia Chakhunashvili Tamar Using of Social Media Features in Tourism 6. Meladze Maia, Management The case of Using Social Media in 28 Olkishvili Mariam Georgia 7. Mesagan Ekundayo Peter, Trade Intensity, Energy Consumption and Omojolaibi Joseph Ayoola, 33 Environment in Nigeria and South Africa Umar Dominic Ikoh 8. Năstase Luiza Loredana China: Current Position and Opportunities 39 Trump's Economy: A Brief Macroeconomic 9. Năstase Luiza Loredana 43 Analysis 10. Olunkwa Chidi Ndubuisi, Capital Flow Components and Industrial Sector 48 Shobande Olatunji Abdul Performance in Nigeria E-tourism as a Component Part of International 11. Platon Nicolae 58 Trade of Services vi Section II: Regional Development, Integration and Globalization Delineating the Tourism Profile of the EU 1. Aivaz Kamer-Ainur Countries in Terms of Length of Stay using the 65 Correspondence Factor Analysis Method 2. Bâra Adela, Data Management for Photovoltaic Power Plants Oprea Simona Vasilica, 70 Operation and Maintenance Preoțescu Dan 3. Caprita Elena Diana Post 2020 CAP. The Future Starts Now 76 4. Gheorghe Paul, C o m p any Competitiveness in Sustainable 82 Munteanu Gabriela Iuliana Conditions 5. Gheorghiu Gabriela, T h e EU General Data Protection Regulation Spătariu Elena Cerasela, I mplications for Romanian Small and Medium- 88 Carataș Maria Alina Sized Enterprises 6. Marcu Laura, E m ployment Rate and Gender Employment Gap in 92 Tănase Loredana Cristina Romania in the Context of Europe 2020 Strategy Exploratory Study of Evaluative Techniques Used 7. Olesia Mihai 98 in Regional Development Literature Reviews 8. Oprea Simona-Vasilica, D e c i s i on Support System Design for Bâra Adela, P hotovoltaic Systems Operation and Maintenance 104 Elefterescu Luminița by Using Big Data Technologies 9. Toma Sorin-George, T h e World's Smartest Cities in the 111 Saseanu Andreea Metropolitan Century The Evolution of Transnational Mergers and 10. Voiculeţ Alina 117 Acquisitions vii Section III: Economic and Social Studies Survey on the Distribution of the Number of 1. Aivaz Kamer-Ainur Domestic Trips Taken in the EU Countries in Terms 123 of Length of Stay 2. Anastase (Bădulescu) Ileana, Dima Adriana, F a c t o r s Generating Financial Crises 128 Dudan Anghelina Reflections on the Phenomenon of Desertification 3. Bran Violeta, and Its Influence on the Natural Ecosystems in 133 Ustinescu Gheorghe Romania The Behavior of Human Resources on the Labor 4. Buicli Olga 139 Market in the Republic of Moldova 5. Buzarna-Tihenea The Advantages of Authentic Materials in the (Gălbează) Alina, 145 ESP/EFL Classroom: Newspapers Nădrag Lavinia 6. Dobre I. Claudia, I m p l i c a t i ons of Welfare States on Human 152 Răsăuțeanu I. Costin Development 7. Dragomir Cristina, G e n der in Maritime Transport - A Scientific 158 Utureanu Simona Luize Literature Overview Syntactic Condensation - One of the Features of 8. Dumitrașcu Elena 164 Specialized Languages 9. Iurian Sergiu-Dan, R e f u g e e or Migrant Status ? What Can We Expect 168 Jaradat Mohammad Next ? Legal and Illegal Migration in the EU. 10. Jaradat Mohammad, Implications Regarding European Labor Market. 172 Iurian Sergiu-Dan What Does the Future Has to Offer ? A Method for Shaping the Tourism Profile of the 11. Jugănaru Mariana EU Countries According to the Structure of Tourist 177 Expenditures in 2016 12. Marinescu Cristian, C u r r e n t Vulnerabilities of Economic Security in 182 Mircioi (Vălimăreanu) Ileana Romania 13. Mateescu Mihaela, Mathematical Model for the Study the Romanian Muscalu Sabin, 190 Industry Evolution Bozga Raluca 14. Moraru Camelia, The Evolution of Wage in Romania 196 Nancu Dorinela 15. Nădrag Lavinia, Innovative Methods for Assessing Students’ Buzarna-Tihenea 200 Performance in the ESP Classroom (Gălbează) Alina How Apple Group Succeeded to Avoid Billions of 16. Neagu Oana Maria Euros in Taxes by Shifting Profits into Subsidiaries 206 from Ireland viii 17. Nica Maria, F o r eign Trade in Agri-food Products - Current 211 Stoian Mirela Approaches 18. Nicodim Liliana, Role and Impact of Research & Development Croitoru Gabriel, 217 Activity on Economic Efficiency Tabîrcă Alina Iuliana 19. Nicodim Liliana, Research Tools and Steps Used in Economics Duica Mircea, 223 Science – Theoretical Approach Manolache Dorin Claudiu Tax Evasion: Concept, Causes and Forms at the 20. Nițu Maria 227 Macro and Microeconomic Level Aspects on Practice of Concession in the Romanian 21. Popa Florina 233 Economy in Inter-War Period 22. Popovici Veronica, C o n v e r g ence of Romanian and European Union 239 Toma Andreea Raluca Agriculture - Evolution and Prospective Assessment 23. Sandu Christiana Brigitte, E v a luation of the Duration of Unemployment Spells Darabă Gabriel, U s i n g Kaplan-Meier Estimator. A Study on 248 Jaba Elisabeta Botoşani County’s Labor Market Nudging – a New Way in Promoting Sustainable 24. Stamule Stere Development to Succeed in Provoking Behavioral 254 Change 25. Stanciu Anca Cristina, The Quality of Luxury Versus the Luxury of Quality 260 Condrea Elena Analysis of Financial Stability: The Construction of 26. Vîntu Denis, a New Composite Financial Stability Index for Euro 264 Negotei Ioana Alina Area Pinpointing Patterns of Getting to Know Yourself 27. Zamfir Cristina Mihaela and Others in Business: Metaprograms as 271 Perceptual Filters on Communication ix

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