Aspects of the Economical Competitiveness Regarding the Integration in the European Area of the Research and Innovation
Aspects of the Economical Competitiveness Regarding the Integration in the European Area of the Research and Innovation

Summary/Abstract: A major policy option of Romania is the integration into the EU European Research Area of Research and Innovation – ERA – one of the objectives established in the Lisbon’s strategy. Moreover, as Member State beginning with the 1st of January 2007, Romania has to respond successfully to the other Member States needs, requirements and expectations including those related to the development of the single market European research. Sustainable economic growth and improvement of living standards of the population are triggered by the development of economic competitiveness in the world’s challenging context such as globalization of economy, opening of international markets and rapid technological changes; these challenges have to be transformed by Romanian economy into opportunities. The analysis of competitiveness factors and the identification of problems Romania is facing, pursuing to find the best solutions, represent a must when it comes to the assessment of the country’s future economic potential. Over the last five years, Romania registered a macroeconomic stability that is essential for the country’s sustainable development, marked by a substantial GDP growth, based on investments, exports and less on consumption. In structure, the contribution of economic branches to gross domestic product indicates an improvement in terms of proportionality, but also an evolution towards modern structures, typical for developed economies. It is worth mentioning that, because of its structural reforms, Romanian economy is currently capable to meet market requirements, enhancing the international economic environment opportunities in real time. The sustained economic growth, with an annual average rate of 6.1%, in 2001-2004, was due to high annual increases in constructions (8.2%), industry (5.2%) and services (5.5%). In 2005 the increase of GDP was of only 4.1%, half of the 2004 level (+8.3%), mainly due to a decline in agriculture, a slower increase in industrial sectors, and significant increases in constructions (+9.9%) and services (+8.1%); the two latter sectors contributed for 54.8% to the GDP formation.

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