Romania's Economic Competitiveness

The interrelation research-development-innovation has proved crucial for raising the economic competitiveness. The comparative analysis of Romania’s competitiveness in the global and European context highlights significant gaps as compared with advanced countries, mainly in Research & Development intensity, quality of scientific research, innovative entrepreneurship, intellectual assets. The complexity of the business environment, the increasing economic liberalization, the intensification of competition, the rapid transformations in the technological and IT field, the demographic changes, the ecological problems caused by pollution and resource depletion and last but not least, the economic and financial crisis, are elements that impose, to a certain extent, a different way of leading and governing companies. Also, the current crisis has highlighted much better the negative effects generated by the institutionalization of a system in which power and skills are decoupled from moral responsibility and in which individual and collective responsibility are no longer a defining element of the business environment.