Romania’s competitive advantage within the European Union area

Iordache, Emilia and Voiculet, Alina Vasilica (2007): Romania’s competitive advantage within the European Union area. Published in: Competitiveness and european integration , Vol. Econom, (2007): pp. 245-260.

Abstract

The central idea of the paper emphasizes Romania’s competitive advantages in the EU and there are two analysis levels herein: the correct identification of Romania’s competitive advantages and the oportunities to value them. The paper aims at achieving a competitiveness analysis of the Romanian economy during 2006-2009. The Romanian economy’s integration within the European Union does not only mean a mere inclusion or accession into/to the Community, but it also represents the belonging to a strongly competitive area. Since the Union has mainly aimed at becoming the most competitive economy at world level, Romania has to face a double challenge: redefining its competitiveness and reducing the current gaps between its economy and the average level of the main EU social and economic indices. Redefining competitiveness is actually redefining competitiveness determiners. Reaching the convergence goal is based on the Romanian economy’s sustainable competitive advantages. The essential concern is their proper identification, as they are the result of a strategic vision. Taking account of these principles, Romania’s EU accession is acquiring new traits. Is there a competitiveness gain or is there a certain loss right from the moment of the accession?

• Item Type: MPRA Paper
• Language: English
• Keywords: competitive advantages, export performance, competitiveness analysis
• Subjects: F - International Economics > F1 - Trade > F15 - Economic Integration

References

[1] GDP growth rate at world level is estimated at 5% in 2006-2007, according to Perspectives De L’économie Mondiale, 2006, Fonds monétaire international, Washington, www.imf.org, 14

[2] Perspectives De L’économie Mondiale, septembrie 2006, Fonds monétaire international, Washington, www.imf.org, 47 [3] Panorama du commerce de l’Union Europeenne, 1988-2001, Commission Europeenne, 2003, www.europa.eu.int

[4]WTO Report on the EU commercial policy, 2006, www.wto.org

[5]National Export Strategy 2005-2009, H.G. nr.1828/22/12/2005, M.O.nr.65/24/01/2006,www.guv.ro

[6] Monthly statistics bulletin no.12/2006, National Institute of Statistics and Economic Studies, www.insse.ro, 81

[7] E. Iordache, The Reorganization Of Customs Practices – A Part Of Romania’s Accession To The EU, Doctorate Paper, The Academy Of Economic Studies, The Faculty Of Foreign Economic Relations, Bucharest, 2007, 56-59