TY - JFULL AU - Nikoloudi Anastasia and Tsalampouni Aikaterini PY - 2013/9/ TI - Welfare States vs. States of Resources: A Question of Governance T2 - International Journal of Humanities and Social Sciences SP - 2321 EP - 2326 VL - 7 SN - 1307-6892 UR - https://publications.waset.org/pdf/16061 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 80, 2013 N2 - The present paper aims to present the significant role that the concept of governance can play in order to combine naturals resources as useful funding basis for the formation of a stable and effective welfare state model. The combination of those two different fields aims to represent the modern trends of our era as the means to solve the severe financial and economic issues caused mostly due to the malfunction of the welfare state and its public sector. European Union and Asian countries (especially China) are the main areas of interest since EU experiences a fiscal and economic crisis while China rules the area of the natural resources exploiting 97% of rare earths elements worldwide. ER -