The evolution of Romanian agribusiness in the context of sustainable development of agriculture

Panait Ioana () and Cucu Catalin Marian ()
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Panait Ioana: Bucharest University of Economic Studies,Bucharest, Romania
Cucu Catalin Marian: Bucharest University of Economic Studies,Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2020, vol. 14, issue 1, 1083-1097

Abstract: The agricultural competitiveness of the market depends to a large extent on the sustainable development activities that can lead to the improvement of the knowledge and professional competence of all the stakeholders from agribusiness and the Romanian agricultural sector is in an excellent position to help achieve the objectives of a smart, sustainable and inclusive economy which will allow an increased social cohesion, working together will also ensure the protection of the natural environment. Agriculture and the concept of sustainable development have received special attention due to their importance in the development of humanity as well as the impact of the phenomenon of globalization on its. Currently, there are numerous scientific studies, digital platforms for monitoring specific indicators in countries, as well as strategies and objectives at community and global level on these two-priority domains, all these inputs contributing to their improvement and innovation. Starting from the question whether the Romanian agribusiness contributes to the sustainable development of the agricultural sector, in order to carry out this research, within the methodology economic modelling was used, starting from the current situation of the Romanian agribusiness where official data and statistics were presented and analysed, as well as potential values of the main indicators needed for the transition of agriculture towards a sustainable development. The paper demonstrates that for the sustainability of the agriculture sector, an integrated approach is needed which consists in applying ecological and socio-economic concepts in the management and strategies of agribusiness. The paper contributes to the creation of a future image achieving sustainability of agriculture where the Romanian agribusiness sector must be managed from a holistic perspective based on a synergy with the elements of sustainable development.

Keywords: Sustainable development; Agriculture sector; Innovation; Inclusive businesses; Competitiveness (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:14:y:2020:i:1:p:1083-1097:n:4

DOI: 10.2478/picbe-2020-0102

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