Social Progress in Romania and other Central and Eastern European Non-Eurozone States

Virginia Campeanu

Global Economic Observer, 2016, vol. 4, issue 1, 47-55

Abstract: Our research paper refers to the social progress achieved in the last 10 years by Romania, Bulgaria, Czech Republic, Croatia, Poland and Hungary as non- Eurozone members (CEE-6), compared to the minimum and maximum levels in the EU-28, depending on their economic development levels. This analysis is a part of the larger-scale study regarding the readiness assessment of Romania and other five Central and Eastern European countries (CEE-6) for accession to the Eurozone in terms of the real convergence. We extended the analysis of the real economic convergence to the sphere of social convergence. The purpose of the extended analysis is to compare the living standards in Romania, CEE-6 and other European Union member states (EU-28) and to draw conclusions on the social convergence as a complement to real economic convergence. Using a new analytical tool, the global composite index “Social Progress Index” at different levels of disaggregation, this article reveals the social gaps between CEE-6 and the EU and identifies strengths, and weaknesses for these countries to achieve social progress on the road to real economic and social convergence with the EU. The aim is to provide to the national decision-makers some milestones to remove weaknesses and to turn threats into opportunities in the future social and economic policies.

Keywords: Wellbeing; Analysis of social progress; Romania; Central and Eastern European countries; SPI 2015. (search for similar items in EconPapers)
Date: 2016-05
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol4-iss1-16-047

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