Innovations and Economic Growth in Romania - Current State and Perspectives
Innovations and Economic Growth in Romania - Current State and Perspectives

Author(s): Vinko Kandzija, Marko Tomljanović, Tomislav Kandzija
Subject(s): Business Economy / Management
Published by: Editura Lumen, Asociatia Lumen
Keywords: economic growth; innovation; Romania; research; development;
Summary/Abstract: Romania became a member of the EU in 2007 and thus gained the preconditions for achieving economic growth and long-term stability. Romania has not fully exploited all benefits of EU membership and is still in the group of the least developed member states. However, recent reports points to accelerated economic growth and improvement of economic performances of Romanian economy. In current situation, special emphasis should be placed on further stimulation of investments in research and development and their products. Such an orientation will result in achieving economic growth and improvement of the national competitiveness.

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