COMPETITIVENESS AND SUPPORTING THE BUSINESS COMPETITIVENESS

Mester Liana-Eugenia and Bugnar Nicoleta-Georgeta ()
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Mester Liana-Eugenia: Universitatea din Oradea, Facultatea de Stiinte Economice
Bugnar Nicoleta-Georgeta: Universitatea din Oradea, Facultatea de Stiinte Economice

Annals of Faculty of Economics, 2014, vol. 1, issue 2, 106-110

Abstract: Competitiveness designates efficiency, productivity, success, adaptability, quality products, optimum costs. Competitiveness is a complex concept which defines the ability of a firm or country to cope with actual or potential competition companies or countries on a particular market, on the world market respectively and it is synonymous with economic efficiency; competitiveness reflects a certain state of the economic activity arising from a certain resource consumption in order to achieve economic goods. Supporting the national competitiveness and flexibility is aimed at a sustained increase in productivity relying on the diversification and the innovation of the domestic industrial base. The Global Competitiveness Report 2011-2012 ranks Romania as the 77th out of 142 assessed economies. Romania has access to a large market and free trade area, which makes it attractive for many foreign companies, but Romania needs a coherent economic policy that changes the approach used today - from the traditionalist design of restructuring following the resources and, therefore, related to the comparative advantage to finding solutions that stimulate the activities based on knowledge and information so that they allow the emphasis of the competitive advantages. This paper aims to identify the factors and reasons that gave rise to the level of competitiveness for some activities or fields of activities from the economy of Romania during the reporting period, as well as the possibilities that would lead to increasing and supporting the competitiveness of the national economy.

Keywords: competitiveness; competitive advantage; business opportunity; business environment; Global Competitiveness Report (search for similar items in EconPapers)
JEL-codes: M21 O11 (search for similar items in EconPapers)
Date: 2014
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