Romania's goal within Europe's 2020 strategy

• Author: Dumitrescu, A. - Tache, I.
• Position: PhD. Student, Faculty of Economic Sciences, Lucian Blaga University of Sibiu - Dept. of Economic Sciences and Business Administration, Transilvania University of Brasov
• Pages: 189-196

Bulletin of the Transilvania University of Braşov • Vol. 5 (54) •No. 1 - 2012

Series V: Economic Sciences

ROMANIA’S GOAL WITHIN

EUROPE’S 2020 STRATEGY

A. DUMITRESCU1 I. TACHE2

Abstract: This paper analyzes the targets of the Romanian state according

to Europe’s 2020 Strategy. Being a new Member State, Romania’s targets for

2020 are lower than those of the older members. Even like this, using

Eurostat indicators and the Report of World Economic Forum, our purpose

is to present a comprehensive view of these differences in target levels and to

explain why Romania can’t catch up with its older counter parts until 2020.

Key words: Europe 2020 Strategy, Romania’s macroeconomic indicators ,

new EU members.

1 PhD. Student, Faculty of Economic Sciences, Lucian Blaga University of Sibiu.

2 Dept. of Economic Sciences and Business Administration, Transilvania University of Braşov.

1. Introduction

Europe 2020 and the National Strategy

aims to connect Romania to the new

philosophy of development, adopted by the

European Union and widely shared

globally, that of sustainable development.

Romania still needs to overcome

significant gaps relative to the other

Member States of the European Union,

while seeking to absorb and implement the

principles and practice of sustainable

development in the context of

globalization. Europe 2020 and the

National Strategy sets specific objectives

for moving, within a reasonable and

realistic timeframe, toward a new model of

development that is capable of generating

high value added.

This paper will try to present a

comprehensive view of these differences in

target levels and to explain why Romania

can’t catch up with it is older counter parts

until 2020.

2. Europe’s 2020 General Strategy

Europe 2020 is the EU's growth strategy

for the coming decade.

In a changing world, EU wants to

become a smart, sustainable and inclusive

economy. These three mutually reinforcing

priorities should help the EU and the

Member States deliver high levels of

employment, productivity and social

cohesion.

Concretely, the Union has set five

ambitious objectives - on employment,

innovation, education, social inclusion and

climate/energy - to be reached by 2020.

Each Member State has adopted its own

national targets in each of these areas.

Concrete actions at EU and national levels

underpin the strategy. [1]

2.1. Europe 2020 targets

To measure progress in meeting the

Europe 2020 goals, 5 headline targets

have been agreed for the whole EU.

The 5 targets for the EU in 2020 are: