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The evolution of Romanian agribusiness in the context of sustainable development of agriculture

Author

Listed:
  • Panait Ioana

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Cucu Catalin Marian

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The agricultural competitiveness of the market depends to a large extent on the sustainable development activities that can lead to the improvement of the knowledge and professional competence of all the stakeholders from agribusiness and the Romanian agricultural sector is in an excellent position to help achieve the objectives of a smart, sustainable and inclusive economy which will allow an increased social cohesion, working together will also ensure the protection of the natural environment. Agriculture and the concept of sustainable development have received special attention due to their importance in the development of humanity as well as the impact of the phenomenon of globalization on its. Currently, there are numerous scientific studies, digital platforms for monitoring specific indicators in countries, as well as strategies and objectives at community and global level on these two-priority domains, all these inputs contributing to their improvement and innovation. Starting from the question whether the Romanian agribusiness contributes to the sustainable development of the agricultural sector, in order to carry out this research, within the methodology economic modelling was used, starting from the current situation of the Romanian agribusiness where official data and statistics were presented and analysed, as well as potential values of the main indicators needed for the transition of agriculture towards a sustainable development. The paper demonstrates that for the sustainability of the agriculture sector, an integrated approach is needed which consists in applying ecological and socio-economic concepts in the management and strategies of agribusiness. The paper contributes to the creation of a future image achieving sustainability of agriculture where the Romanian agribusiness sector must be managed from a holistic perspective based on a synergy with the elements of sustainable development.

Suggested Citation

  • Panait Ioana & Cucu Catalin Marian, 2020. "The evolution of Romanian agribusiness in the context of sustainable development of agriculture," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 1083-1097, July.
    • Handle: RePEc:vrs:poicbe:v:14:y:2020:i:1:p:1083-1097:n:102
    DOI: 10.2478/picbe-2020-0102
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    References listed on IDEAS

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    1. Klarin Tomislav, 2018. "The Concept of Sustainable Development: From its Beginning to the Contemporary Issues," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 21(1), pages 67-94, May.
    2. Tatyana P. Soubbotina, 2004. "Beyond Economic Growth : An Introduction to Sustainable Development, Second Edition," World Bank Publications - Books, The World Bank Group, number 14865.
    3. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
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