BLACK ZERO AND ITS CONSEQUENCES ON SUSTAINABLE DEVELOPMENT. CASE STUDY: EXPLOITATION OF FOREST RESOURCES IN ROMANIA

The effects of the recent coronavirus pandemic and the global risk of recession are prerequisites for the onset of an unprecedented economic crisis. Due to the need to react quickly to the current circumstances, Germany recently suspended the "Black zero" rule (Schwarze null) by unblocking investments and taking into account an increase in expenditure. The "Black Zero" rule has generated profit maximization for countries of origin and limited reinvestment of profits for countries of destination, without developing developments in countries of destination on the premise of sustainable development, aiming only at cheap labor and easy exploitation of natural resources. To understand the consequences of "Black zero" on sustainable developments in Romania and to what extent these developments can cope with the impending crisis, in the current analysis we considered the case study on investments in wood processing in the context of exploitation of forest resources. The results show that the authorities did not consider the development of viable economic alternatives that would provide solutions to the social and environmental factors, in the case, for the time being, hypothetically of foreign investment withdrawals. Development is based strictly on the gain obtained during the period of gross exploitation of resources, whether human or material, without too much-added value. In this regard, our study will be continued with a series of examples of good practice and projections that can contribute to the development of healthy sustainable development projects.