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COMPETITIVENESS OF THE ROMANIAN ECONOMY

Authors
Disciplines
  • Economics

Abstract

Romania is far from the last stage of the economic development, the one based on innovation, it is still important to analyse the germs of such an economy. The studies carried out confirm the high importance of the researchdevelopment activity which leads to innovation, as opposed to the capital accumulation or the workforce. The economic science show that a sustainable growth cannot be accomplished only through investments and by providing the stability of the macroeconomic environment, if these are not doubled by the technical progress, which amplifies the value of the capital and of the workforce.

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