The Role of Business Environment in Reshaping the Textile Industry

Adriana Ungureanu ()

Academic Journal of Economic Studies, 2017, vol. 3, issue 3, 73-78

Abstract: Apparently, the international competition is strong in the area of investment in new technologies and expecting for their results to be applied at the right moment. Nanotechnology is from far the most wanted by investors. During the last twenty years, developed states invested in nanotechnologies as a priority for their policies and in time this trend was followed by the less developed countries. At the opposite side, there are countries as Romania that seem to not keep the step with times and lose the start in front of those very active in this field. This paper tries to focus on the role of the Romanian business environment to reshape the textile industry through new technologies and nanotechnologies especially. As the methodology, the in-depth interview method was used to get the information from the most important actors in Romanian business textile field. The conclusions show that a lot of measures are required to change the mentality and the working style. The study reveals also that together with the state involvement the industrial policies must be changed. In the same time, this research gathered some recommendations as pragmatic solutions to take seriously the role of business environment for bringing its contribution for this challenge.

Keywords: Technology; nanotechnology; textiles; Romania; industry (search for similar items in EconPapers)
JEL-codes: L66 O32 O33 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:3:y:2017:i:3:p:73-78

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