STRATEGIC MILESTONES OF ROMANIA’S INTEGRATION TO THE EUROPEAN UNION PROCESS EFFICIENCY

Gheorghe Zaman

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement), issue 6(511)(supplement), 11-18

Abstract: The strategic milestones of Romania’s integration efficiency to the European Union aims at the following more important aspects: developing a national strategy of sustainable development that should have as core the post-accession strategy in agreement with the EU decisions in this field, and the trends at world level; rendering efficient and increasing competitiveness of the public and private sector in Romania; increasing macroeconomic sustainability on long-term, inclusive for the trade balance and for the foreign payments; increasing the efficiency of using domestic and foreign loans and of public investments; using proceeds from privatization for modernizing the infrastructure in Romania; strengthening the management capacity. The European economic model which is based on the principle of “unity in diversity” offers a flexible framework of rendering compatible on short-, medium- and long-term the economic efficiency, justice and equity, promoting poverty alleviation, social cohesion and inclusion, subsidiarity and intergenerational cooperation.

Keywords: strategy; integration; sustainable development; efficiency; sustainability of foreign payments balance; European economic model; convergence; catching up. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:6(511)(supplement):y:2007:i:6(511)(supplement):p:11-18

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