Performance and Risks in the European Economy
In “No Time”, Not “Out of Time”! - A Lesson
about Strategic Thinking in Regional Development
Abstract: The innovative approach of regional development during 2014-20 programming period, in line with
the “Europe 2020” strategy, implies a new form of designing the local and regional strategies of development.
The transitio n to a green, smart and innovative economy, cannot be attained only by adapting quickly to
changes that appear in today's European society. Thus, an integrative strategic thinking becomes more
necessary than ever. This research paper intends to guide and inspire those people that have the responsibility
for designing and coordination of local and regional strategies of development. A lesson about strategic thinking
in regional development refers mainly at the p rocess of planning and implementation of policies with local
focus, but with a significant European dimension, in an active partnership with all the relevant stakeholders.
Another important lesson, mainly for Romanian authorities in charge with the management of local and regional
development, is about timing with the Brussels. In order to be able to provide tangible results for citizens, each
local/regional government should collaborate in order to harmonize their public policy in line with EU trend of
development. Real multi-level governance is a novelty but also a necessity and a priority of 2014-20
Keywords: future dynamics of EU; regional development and planning; ESI funds; Europe 2020
Within the European Union, the strategies for regional development evolved during different
programming period, accordingly to EU necessity of development but also from the necessity to keep
the rhythm of growth in a more and more globalized world.
EU is a complex system and the process of its evolution is very dynamic and engages a large spectrum
of decisional factors.
For the current programming period 2014-20 the strategies for regional development should be designed
on three important dimensions: sharper focus on the need of development; better systems for tracking
the progress towards the established targets and a better evaluation of the programmes results.
In this context, it is increasingly clear that in order to benefit for the entire EU technical and financial
support for regional development, each Member State should be in line with these trajectories of
Shaping the evolution of a region is not an easy task and requires a lot of knowledge, experience and
1 Associate Professor, PhD, Department of Economics, Danubius University of Galati, Romania, Address: 3 Galati Blvd.,
Galati 800654, Romania, Tel.: +40372361102, Corresponding author: firstname.lastname@example.org.