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Romania 2040 - A Perspective

Napoleon Pop () and Sorin-Nicolae Curcă ()
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Napoleon Pop: IWE
Sorin-Nicolae Curcă: IWE

Global Economic Observer, 2019, vol. 7, issue 1

Abstract: - This paper aims to present an image of the main economic and social indicators of Romania in the perspective of 2040. Its purpose is to set possible targets according to the real potential of the Romanian economy in order to create a viable long-term development strategy. Our analysis starts from the current situation of Romania - the insufficiently structured economy, burdened by the existing development gaps compared to other EU member states, while aiming to expose a series of hypotheses regarding Romania’s future European path. The paper will also highlight other important topic for the future development of Romania: the evolution of population, overcoming divergences between the state and markets, the impact of adopting the euro, the impact of shifting power balances between the main developed economies, as well as the possible consequences of EU’s future enlargements. From a methodological perspective, the forecasts were based on previous evolutions of indicators, using the extrapolation method. The last part of the paper contains a series of recommendations for policy-makers.

Keywords: macroeconomic indicators; targets 2040; convergence; Romania; development (search for similar items in EconPapers)
JEL-codes: E60 E61 E65 (search for similar items in EconPapers)
Date: 2019-06
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