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Strategic Process of Recovery and Development of the Romanian Economy

In: 2nd International Conference Global Ethics - Key of Sustainability (GEKoS)

Author

Listed:
  • Elyana Popescu

    (Valahia University of Targoviste, Targoviste, Romania)

Abstract

The sequence of rapid transformations from a material resource-based society to a society based on intelligence and creativity demonstrates the need to accept, integrate and implement knowledge-based management in any organization, regardless of its status. Major changes, both globally and nationally, oblige us to reflect carefully on the diversity of requirements and to identify the best strategies for the recovery of the Romanian economy. A critical assessment of the situation of Romanian organizations in all fields of activity, compared to changes at international level, will lead to the approach of new strategies and rapid measures for the recovery and development of the economy, with a view to maintaining the pace of competitiveness, with the major players in the international market. Change and economic evolution mean intelligence, information and creativity. The external environment is a competitive, and in need of survival. It depends on the social, legal, economic evolution, the technologies and services used, but also on the adaptation to evolutionary changes in order to resist the competitive market. We must be aware, however, that each country has its peculiarities, and I am referring here to the mentality, customs, but also to the relief, demographic state, national and human resources that Romania has. We're looking to keep up to date with the new research on the respective domain. The research of the literature, in order to identify the most effective and affordable strategies for the recovery of the Romanian economy, are extremely beneficial, but we must have the capacity to adapt them to the existing reality both nationally and globally.

Suggested Citation

  • Elyana Popescu, 2021. "Strategic Process of Recovery and Development of the Romanian Economy," Book chapters-LUMEN Proceedings, in: Adriana Grigorescu & Valentin Radu (ed.), 2nd International Conference Global Ethics - Key of Sustainability (GEKoS), edition 1, volume 15, chapter 15, pages 174-188, Editura Lumen.
  • Handle: RePEc:lum:prchap:15-15
    DOI: https://doi.org/10.18662/lumproc/gekos2021/15
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    References listed on IDEAS

    as
    1. Lucia Morosan-Danila & Carmen-Eugenia Nastase & Claudia-Elena Grigoras-Ichim, 2020. "The Link Between Employees’ Motivation With Organisation’s Performance," Book chapters-LUMEN Proceedings, in: Adriana Grigorescu & Valentin Radu (ed.), 1st International Conference Global Ethics - Key of Sustainability (GEKoS), edition 1, volume 11, chapter 27, pages 264-272, Editura Lumen.
    2. R. Edward Freeman, 2020. "Business Ethics in the Time of Covid-19," Book chapters-LUMEN Proceedings, in: Adriana Grigorescu & Valentin Radu (ed.), 1st International Conference Global Ethics - Key of Sustainability (GEKoS), edition 1, volume 11, chapter 1, pages 01-03, Editura Lumen.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economy; strategies; recovery; development; human resources;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • M5 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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