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Considerations On The Importance Of Intelligent Specialization For Attraction Of European Post 2020 Funds In Romania

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  • Daianu Dana CodruÈ›a

    (Assoc. Prof. Ph.D, University Aurel Vlaicu of Arad, Faculty of Economic Sciences)

Abstract

In the future post-2020 EU financial framework, European funding for regional development will focus on the areas identified as the most competitive in each region and country, that is the areas of smart specialization. Specializarea Inteligenta a adus o îmbunatațire reala în modul în care regiunile Europene își elaboreaza strategiile inovative, creand sau consolidand cooperarea la toate nivelurile, în special cu sferele de afaceri locale. Intelligent specialization has brought a real improvement in the way in which European regions develop their innovative strategies, creating or strengthening cooperation at all levels, especially with local business spheres. At the heart of the new policy for the European Regional Development Fund will be smart specialization, and regions will have to develop investment plans for the sectors that are most competitive. Theoretically, nuclei of technological and scientific excellence have already been created, the challenge of post-2020 now being their transposition into innovation modalities in enterprises, in order to generate jobs and economic growth. In this context, the purpose of the paper is to present and analyze the basic fields for the intelligent specialization in Romania. Romania now has two national strategies that mention five basic areas for smart specialization, but in addition, each of the 8 development regions has its own strategy with its own list of identified areas. All of this needs to be analyzed and combined to achieve consistent directions.

Suggested Citation

  • Daianu Dana CodruÈ›a, 2019. "Considerations On The Importance Of Intelligent Specialization For Attraction Of European Post 2020 Funds In Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 45(3), pages 34-41.
    • Handle: RePEc:brc:journl:v:45:y:2019:i:3:p:34-41
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    Keywords

    economic growth; financial framework European Union post 2020; inteligent specialization; innovation; competitiveness;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

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