Romanian Business Environment in the Context of Economic Competitiveness Based on Knowledge

Ion Stegaroiu (), Gabriel Croitoru () and Stefania Mubben
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Ion Stegaroiu: Valahia University, Targoviste, Romania
Gabriel Croitoru: Valahia University, Targoviste, Romania
Stefania Mubben: Valahia University, Targoviste, Romania

Risk in Contemporary Economy, 2012, 225-236

Abstract: The changes of production factors priorities affect more and more the evolution of global economy, requiring reorientation of development policies both at company level and at national economies level to adapt to the phenomenon called: “the new economy” or “knowledge economy”. If for classical economy the ability to compete - competitiveness- depends largely on the quantity or the amount of production factors, at the present, has gained importance the efficiency of their use. The idea of making this article appeared both from the necessity of a systematic research to approach the Romanian competitive environment and the desire to stoop to this important conference theme. We can certainly say that the actual business environment is characterized by a particularly dynamic due to changes that occur within it, especially under the impact of technical and scientific revolution which brought to the fore the knowledge as an essential element of achieving a high competitiveness. It is intended that the proposed theme of this article to have an economic importance for the actual information and adequacy of the current economy in Romania.

Keywords: competitiveness; absolute advantage; comparative advantage; competitive advantage; performance (search for similar items in EconPapers)
Date: 2012
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