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Theoretical and Applied Economics
No. 1 / 2023 (634), Spring

Black Sea and East Mediterranean approach on sustainable development

Elena-Iulia CHITA
The Bucharest University of Economic Studies, Romania
The Bucharest University of Economic Studies, Romania

Abstract. The Black Sea is at the intersection of Europe, Central Asia and the Middle East, being an important center of transport for steel, agriculture goods and energy. A connection between different cultures, a region with political, social and economic fragmentation. It is linked to the Mediterranean, through the Bosphorus and Dardanelles Strait, which is a region vulnerable to the impact of global warming. Historically, it has also constituted a convenient route with the west, as it is today. The trades that are made in this area are ones of high value not only for each country that surrounds it, but as well for the global market.

Innovative approaches are needed in order to implement policies and measures to ensure sustainable development in order to adapt for the future, whether it is to minimize the effects of climate changes or different crises this area may face. Adaptation and development of each country is important in order to sustain these challenges, not to mention that in these modern times, imbalances have occurred and strategies need to be rethought by each country.

Keywords: sustainable development, investments, competitiveness, trade, global warming.

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