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Revisiting the Competitiveness of Romanian Manufacturing Industry

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Author Info

  • Ovidiu RUJAN
  • Dana GARDU

    (Faculty of International Business and Economics, Academy of Economic Studies – Bucharest)

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    Abstract

    Since the early 1990s the Romanian manufacturing industry has improved in many ways. This headway concerns the labour-intensive sector rather than the technology-intensive one. Apart from local entrepreneurship, foreign direct investments (FDI) have been instrumental in enhancing industrial competitiveness. The Lisbon Agenda revival and Romania’s EU accession will be further inducements for Western businesses to shift production here to fight back both low-cost producers (typically from emerging Asia) and more quality-oriented producers (typically from OECD countries). Hopefully, the FDI spillover effects will send positive vibrations across the economy, and tone down the asymmetry at the core of the manufacturing industry.

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    Bibliographic Info

    Article provided by "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration in its journal Economics and Applied Informatics.

    Volume (Year): (2007)
    Issue (Month): 1 ()
    Pages: 141-147

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    Handle: RePEc:ddj:fseeai:y:2007:i:1:p:141-147

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    Keywords: competitiveness; manufacturing industries; FDI spillovers;

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