The economies of the 21st century are influenced by specific development processes: globalization, liberalzation, integration, computerization which to a large extent determine functions and tasks attributed to the state and thereby to the public sector. The authoress makes an attempt at determining the role of the public sector in contemporary development processes. The realization of the aim of this paper has required conducting an analysis of theoretical foundations of functioning of the public sector, showing the evolution of its functions and objectives as well as highlighting new challenges.
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