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Romania’s Competitive Advantage in a Knowledge Based Economy

Author

Listed:
  • Alexandru-Emil POPA

    (Bucharest University of Economic Studies)

  • Ionut-Florin ZAMFIR

    (Bucharest University of Economic Studies)

Abstract

The main objective of this paper is to present the competitive advantages of Romania as per Global Competitiveness Index (GCI) in a knowledge-based economy. Our research involves analysing and processing the last 2 pillars of the GCI for the 28 member countries of the European Union from 2013-2017, in particular we will analyse the level of competitiveness of Romania at European level and we will identify the directions that can lead to sustainable competitive advantages for Romania in the context of a knowledge-based economy. The results show that Romania's level of competitiveness is average, suggesting the need for a national strategy to move towards a knowledge-based economy. Also, Romania has no specific competitive advantages compared to the developed countries in the EU28.

Suggested Citation

  • Alexandru-Emil POPA & Ionut-Florin ZAMFIR, 2018. "Romania’s Competitive Advantage in a Knowledge Based Economy," PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCES, Bucharest University of Economic Studies, Romania, vol. 1(1), pages 626-631, April.
    • Handle: RePEc:rom:conase:v:1:y:2018:i:1:p:626-631
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