International Economic Competitiveness The Case of Romania

Author:Ana Maria Raluca Pauna, Cornelia Tureac
Pages:319-328
SUMMARY

The present paper brings forth the concept of economic competitiveness, which is similar or even mistaken for productivity, profitability, or the trade balance. This study emphasizes the position Romania holds, compared to Switzerland the most "powerful" country in this field

 
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ISSN: 2067 9211 The Youth of Today - The Generation of the Global Development
319
The Youth of Today - The Generation of the Global
Development
International Economic Competitiveness
The Case of Romania
Ana Maria Raluca Păuna1, Cornelia Tureac 2
Abstract: The present paper brings forth the concept of economic competitiveness, which is similar or even
mistaken for productivity, profitability, or the trade balance. This study emphasizes the position Romania
holds, compared to Switzerland the most “powerful country in this field.
Keywords: economic competitiveness; ability to innovate; global competitiveness index
JEL Classification: D63; F02; M21
1. Introduction
Competitiveness, a concept often approached and developed in various papers, is very complex, and,
as any other modern economic phenomenon, it is constantly improving in order to enunciate the
factors that determine it, the indicators that measure it and the method to increase it.
The basis of the external balance is the competitiveness of the productive sector. In this respect it is
necessary to have enterprises that are profitable and enough economic initiative to invest” Michel
Didier. (1998)
The term competitiveness is often found in economic concepts such as: productivity, profitability,
trade balance, investments, exchange rate. To have a full view of the concept, a few of the many
existent definitions and approaches are relevant:
1 MA Student, Communication Department, Danubius University Galati, Address: 3 Galati Blvd., Galati 800654, Romania,
Tel.: +40372361102, Student at Gr. T. Popa Medicine and Pharmacy University, Iasi, E-mail: tureaccornelia@univ-
danubius.ro.
2 Associate Professor, PhD, Danubius Uni versity of Galati, Romania, Address: 3 Galati Blvd., Galati 800654, Romania, Tel.:
+40372361102, E-mail: tureaccornelia@univ-danubius.ro.

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