The Theory of Minimal Risk in Local Development Processes

Article ID

78R80

The Theory of Minimal Risk in Local Development Processes

Dragos Dinca
Dragos Dinca National School of Political Studies and Public Administration
Catalin Dumitrica
Catalin Dumitrica
DOI

Abstract

The paper starts from two practical findings: one is that in Romania, as in many other European countries (see Bulgaria, Spain, Greece, Poland, Hungary etc.) there are many local communities living in poverty, where one cannot speak of a local economy (there is a very small number of companies with low turnover), of competent local authorities or developed civic spirit (so a development process cannot be mentioned). There are communities in a T zero state of development, stage persisting despite the existence of national or European policies in the field. The secon d finding is that over time a number of theories / methods / models of local development have been formulated, applied with more or less success. Thus, this paper aims to summa rize the main theories on local development and, as a result of their analysis, to propose a model / theory to be applied in local development processes to identify the most suitable model of development. The p roposed model is based on risk analysis in local development processes, thus generating the theory of minimal risk within them.

The Theory of Minimal Risk in Local Development Processes

The paper starts from two practical findings: one is that in Romania, as in many other European countries (see Bulgaria, Spain, Greece, Poland, Hungary etc.) there are many local communities living in poverty, where one cannot speak of a local economy (there is a very small number of companies with low turnover), of competent local authorities or developed civic spirit (so a development process cannot be mentioned). There are communities in a T zero state of development, stage persisting despite the existence of national or European policies in the field. The secon d finding is that over time a number of theories / methods / models of local development have been formulated, applied with more or less success. Thus, this paper aims to summa rize the main theories on local development and, as a result of their analysis, to propose a model / theory to be applied in local development processes to identify the most suitable model of development. The p roposed model is based on risk analysis in local development processes, thus generating the theory of minimal risk within them.

Dragos Dinca
Dragos Dinca National School of Political Studies and Public Administration
Catalin Dumitrica
Catalin Dumitrica

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Dragos Dinca. 2015. “. Global Journal of Management and Business Research – A: Administration & Management GJMBR-A Volume 15 (GJMBR Volume 15 Issue A9): .

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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-A Classification: JEL Code: M19
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The Theory of Minimal Risk in Local Development Processes

Dragos Dinca
Dragos Dinca National School of Political Studies and Public Administration
Catalin Dumitrica
Catalin Dumitrica

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