TOWARDS A RESILIENT AND SUSTAINABLE EMERGING ROMANIA

Gabriela Marchis ()
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Gabriela Marchis: Danubius University of Galati, Romania

APPLIED RESEARCH IN ADMINISTRATIVE SCIENCES, 2022, vol. 3, issue 1, 11-24

Abstract: A bold future requires a generation of leaders who will look for solutions together in order to reach the EU goals for the 2021-2027 programming period, faster and more effectively. The scope of this paper is to raise awareness that a new transformational approach for emerging Romania is required in order to take advantage of the opportunities offered by the quick EU response to the pandemic crisis and the EU's traditional financial support for its member states. This paper used a desk-research analysis of EU documents. Investments, funds, and financing available for Romania in the 2021-2027 programming period should be used wisely in order to contribute to the country's sustainable growth. Multilevel governance and coordination are the key factors to foster sustainable growth and the implementation of environmental, social, and governance practices. A positive change within the framework of new financing opportunities for the 2021-2027 programming period is possible, only if leaders from different levels of governance collaborate, create, and share best practice on different topics of general interest in order to foster the social, economic, and democratic growth in Romania, achieving in this way the economic convergence with the western half of EU. The predictability of the politico-social climate is a must, as well for business environment and also for investors, if the aim is to build a Romania that offers a secure, prosperous and inclusive future to all its citizens.

Keywords: Recovery plan for Europe; Recovery and Resilience Facility; Multiannual Financial Framework 2021-2027, NextGenerationEU (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:rom:arasju:v:3:y:2022:i:1:p:11-24

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