POLICY DESIGN FOR COMPETITIVENESS. A HETERODOX VIEW ON THE PRESENT DAY GOVERNANCE OF THE ROMANIAN ECONOMIC LIFE AND BUSINESS ENVIRONMENT
POLICY DESIGN FOR COMPETITIVENESS. A HETERODOX VIEW ON THE PRESENT DAY GOVERNANCE OF THE ROMANIAN ECONOMIC LIFE AND BUSINESS ENVIRONMENT

Summary/Abstract: As the Romanian political outlook became much more clustered and therefore more predictable following the 2016 elections, though not clearer structured on left-right coordinates, the expectations of a sharper policy design and consequent actions of both micro and macroeconomic consistence were, and still are higher than ever in the country. Meanwhile, the obvious impact of a plethora of negative exogenous factors, emerging from EU and worldwide, induced new and unexpected types of constraints for the domestic economic policy framework. Within this juncture our research attempts to assess the present day situation, from a methodologically heterodox perspective. While the overall target of both political and economic consistence is a fixed one and consists in real EU convergence on a determined strategic horizon, the means (specific economic mechanisms) to reach this goal should be flexible and dynamic. Simply put the unsatisfactory outcomes of the last couple of decades induce this strong need to change methodological perspectives. First of all, we attempt to delineate, on historical coordinates, why the present state of the affairs and the governmental political economy that induced this state is inappropriate and is not serving the long quest for competitiveness of the Romanian economy within EU. Evaluating the growth potential of the economy on several layers and comparing stage results we try to point to creative solutions that would interlock public and private spheres and make a noticeable difference on the short run. In this endeavor we try to emphasize the delicate connection between the outlook of the economy and which institutional parameters of the economic culture and education would be relevant for the case of contemporary Romania. This paper would be only the inception of a larger research framework, meant to contribute with academic means to the overall economic policy design as well as refine the business environment governance procedures, an imperative must for competitiveness, sustainable growth and accelerated development of the country.

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