OVIDIUS UNIVERSITY ANNALS ECONOMIC SCIENCES SERIES Volume XV Issue 2 Year 2015 ISSN-L 2393-3119 ISSN 2393-3127 OVIDIUS UNIVERSITY ANNALS ECONOMIC SCIENCES SERIES Volume XV Issue 2 2015 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; • Irina GOLUBKOVA, Odessa National Maritime University, Ukraine; • Kai HAVEKOST, Bremerhaven University, Germany; • Nicolae ISTUDOR, Bucharest University of Economic Studies, Romania; • Zaichko Sergiy IVANOVICH, Odessa National Maritime University, Ukraine; • 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; • 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; • Angela ROMAN, “Al.I. Cuza” University of Iaşi, Romania; • 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: • Ionuţ ANTOHI, “Ovidius” University of Constanţa, Romania; • Nicoleta ASALOŞ, “Ovidius” University of Constanţa, Romania; • Alexandra DĂNILĂ, “Ovidius” University of Constanţa, Romania; • Claudia DOBRE, “Ovidius” University of Constanţa, Romania; • Cristina DUHNEA, “Ovidius” University of Constanţa, Romania; • Cristina GEORGESCU, “Ovidius” University of Constanţa, Romania; • Gabriela GHEORGHIU, “Ovidius” University of Constanţa, Romania; • Silvia GHIŢĂ-MITRESCU, “Ovidius” University of Constanţa, Romania; • Maria Gabriela HORGA, “Ovidius” University of Constanţa, Romania; • Margareta ILIE, “Ovidius” University of Constanţa, Romania; • Victor JEFLEA, “Ovidius” University of Constanţa, Romania; • Cristina LAZĂR, “Ovidius” University of Constanţa, Romania; • Angela Eliza MICU, “Ovidius” University of Constanţa, Romania; • Adina MOISE TITEI, “Ovidius” University of Constanţa, Romania; • Andreea-Daniela MORARU, “Ovidius” University of Constanţa, Romania; • Irena MUNTEANU, “Ovidius” University of Constanţa, Romania; • Dorinela NANCU, “Ovidius” University of Constanţa, Romania; • Oana NIŢU, “Ovidius” University of Constanţa, Romania; • Cătălin PLOAE, “Ovidius” University of Constanţa, Romania; • Norina POPOVICI, “Ovidius” University of Constanţa, Romania; • Costin Octavian ŞORICI, “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 and European Integration Subsection: International Affairs 1. Benchea Laura-Ramona - Islamic Economics and Finance-a Revival after 2 the Recent Global Financial Crisis? 2. Botescu Ion - The Crises under the Globalization of the World 7 Economy 3. Brasoveanu Florica, - The Principle of Peaceful Settlement of 13 Anechitoae Constantin International Disputes 4. Buzarna-Tihenea - Several Aspects Regarding the Specialized 17 (Galbeaza) Alina Translation of Medical Texts. From Theory to Practice 5. Căzănel Maria - The Structure, Characters and Effects of Legal 22 Rights Potestative 6. Frecea Georgiana- - CSR Crystallization in the Financial System: 26 Loredana The World Bank Model 7. Serbănel Cristiana - Ioana - Romania’s Electrical and Optical Equipment 32 Industry Position on Global Value Chain in 2001-2011 periods 8. Surugiu Farkas Ioana, - Developing Sustainable Human Resource 37 Just Vanessa, Bartels Management in a Shipping Company - A Study Andreas Case 9. Toma Sorin-George, - Towards a New World Economic Order 42 Marinescu Paul, Cosmin Stefan Subsection: European Integration 1. Enea Constanta, Enea - Public Power - Economic Stake of Romanian 47 Constantin Tourism 2. Enea Constanta, Enea - Romania's EU Advantages Integration 51 Constantin 3. Ghita Simona, Boboc - Does Youth Migration for Education Have an 57 Cristina, Manea Daniela Impact on Permanent Migration Decision? Case Study on Bessarabian Students in Romania 4. Grecu Mihaela, Titan - Statistical-Based Insights in Migration Process 62 Emilia i 5. Meiță Nela Loredana, - Empirical Study on the Correlation Between 66 Popescu Jenica the RDP and the Amount of Funds Allocated by the Tractors and Main Agricultural Machines in 2009 - 2013 6. Schipor Constantin - A Region of Welfare and a New Path for 71 Europe Section II: Business Economy and Administration Subsection: Economic and Social Studies 1. Brasoveanu Florica, - The Principle of non-Interference in Internal 76 Anechitoae Constantin Affairs 2. Dobre Claudia - The Structure-Performance Relationship in 80 Romanian Banking System 3. Florea Ilie Constantin - IT&C - A Job-Creating Industry during Crisis 86 4. Florea Ilie Constantin, - When Companies Become Too Socially 92 Sommer Marc Innovative to Fail 5. Ghita Simona, Titan - Effects of the Global Financial Crisis on the 98 Emilia, Boboc Cristina Resources of Health System in Romania 6. Gutu Ioana - Negotiating T-TIP – Key Issues and Potential 104 Implications for the Third Countries 7. Gutu Ioana - TTIP and the Implications for the Negotiation 110 Process 8. Juganaru Ion Danut, - The Romanian Chambers of Commerce, 115 Juganaru Mariana Representative Organizations of Entrepreneurs. The Example of Constanta Chamber of Commerce 9. Lupsa-Tataru Dana - The Evolution of Creativity Trend of Students 121 Adriana, Lupsa-Tataru of Transilvania University Florin Razvan 10. Mádr Michal - Institutional Diversity in the Post-socialist 125 Area during Crisis 11. Mahfoudh Slim, Ben - The Impact of Economic Policies on 131 Amar Mohamed Economic Growth in a Group of Arabic Countries: Empirical Verification using Non- Stationary Panel Model 12. Moise-Ţiţei Adina, Bâcă - Adequate Income – A (Pre)Condition for 138 Eleonora Economic Justice ii 13. Moise-Ţiţei Adina, Bâcă - (Re)Mapping Geographies of Development- 142 Eleonora BRIC(S) Superpower Challengers? 14. Moraru Camelia, Popovici - Estimated Reaction Function of Fiscal Policy 146 Norina in Romania 15. Moțățăianu Alexandru, - Globalization and Next Level for Virtual 150 Vochin Oana Alexandra, Teams Ciachir Liliana 16. Nancu Dorinela - The Knowledge Assessment Methodology of 156 Countries 17. Nicodim Liliana, Tănase - Excellence in Objective Strategic Education in 160 Gabriel-Iulian, Velica the Military University Marian 18. Osoianu Dragoș - The African American Slavery - a Social 166 Ecological Approach 19. Stanciu Anca Cristina, - Quality-Oriented Organizational Culture 171 Constandache Mihaela, Nenciu Daniela Simona 20. Stanciu Anca Cristina, - Aspects Concerning Quality in Tourism 175 Constandache Mihaela, Nenciu Daniela Simona 21. Vasile Adrian - The Loan in the Old Testament – Paradigm of 179 the Contemporary Banking System 22. Vasile Costin Mihai - Eco-theology-Church's Solution on 184 Humankind's Environmental Issues 23. Vasile Costin Mihai - The Secularization of the contemporary 189 society and Holy Church’s attitude toward this phenomenon 24. Vitan Daniela - Statistical Information Valencies Concerns the 193 Economic Records at the University Level 25. Voiculeț Alina, Belu - Dimensions of World Food Issue in the 199 Nicoleta Ecological Crisis Subsection: Marketing – Management 1. Anastase (Badulescu) - Innovative and Technological Transfer – a 204 Ileana, Grigorut Cornel Requirement for Ensuring Economic Development 2. Antohi Ionut, Moraru - The Approaches on Human Resources 208 Andreea - Daniela Management Practices within Romanian Companies - an Empirical Study iii 3. Barbulescu Oana - Clusters as a Tool for Development in the 213 Wine Industry 4. Bîrsan Alexandru, - Bilbao Effect – Presentation, Examples, 218 Shuleski Darko, Cristea Perspectives Crina Veronica 5. Daneci Patrau Daniel, - Theoretical Approaches and Practical Aspects 223 Arsenie Andreea on the Financial Management of a Local Public Institution 6. Dascălu Elena Doina, - Managerial Accountability – a Key Factor in 229 Nasta Laura, - the Implementation of Internal Control Systems 7. Dragomir Cristina, - Considerations on Ship Management and 236 Utureanu Simona Current Changes in Maritime Transport 8. Gheorghiu Gabriela - The Need for Consumer Protection in the 242 Consumerist Society 9. Grigorescu Adriana, - Quality Management in Health Care System 246 Condrea Elena, Bradley Christopher De Freitas 10. Ionita Roxana Mihaela - Strategic Alternatives Adopted by Travel 252 Agencies to Develop Tourism Services 11. Iorgulescu Maria-Cristina - A Look at Managers’ Perception of the 256 Innovation Activity in the Hotel Industry in Romania 12. Iorgulescu Maria-Cristina - The Quality of Hotel Services in Romania: an 261 Application of the Servqual Model 13. Kompalla Andreas, Kopia - Characteristics of Business Strategies and 267 Jan Management Systems within Automotive Industry 14. Madar Anca, Neacşu - Study regarding Consumer Protection and 275 Nicoleta Andreea Satisfaction on Tourism Services market. Case study: Romania versus France 15. Marinescu Paul, Toma - Leadership for the Virtual Age 283 George-Sorin, Ştefan Cosmin-Alexandru 16. Mateescu Ruxandra - The Role of Process Interactions Management 287 Maria, Lange Steffen, in Ensuring Business Sustainability Heinemann Bastian 17. Micu Angela-Eliza, - Managing Online Brand Identity: the Case of 292 Capatînă Alexandru Two Pure Players 18. Muhcina Silvia, Popovici - Few Aspects Concerning the Marketing 300 Veronica Particularities in Healthcare Services iv