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Priorities in Investment Decisions for Rural Development in Romania

Author

Listed:
  • Ana Popa

    (University of Craiova Faculty of Economics and Business Administration)

  • Laura Vasilescu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Romania joined the European Union- EU -in 2007, as an emerging economy and rural by excellence and this feature is keeping even in 2012. Difficulty in establishing investment priorities for rural development in Romania is caused by the large size and fragility of the rural area and the fact that all inputs have an inadequate level. The objectives of rural development are strongly influenced by national policy and European policy of the European Union, but also by the politics of international organizations (World Bank Group-WBG, Food and Agriculture Organization-FAO). Investment for climate changes and for infrastructure is strongly correlated and is vital in all states, including Romania. The six EU Priorities for rural development in the period 2014-2020 are also considering priorities for increasing education level and social inclusion in the rural areas, which are other pressing needs in Romania in order to move to a modern agriculture.

Suggested Citation

  • Ana Popa & Laura Vasilescu, 2013. "Priorities in Investment Decisions for Rural Development in Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 66-71, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2013:i:15:p:66-71
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    File URL: http://feaa.ucv.ro/FPV/015-008.pdf
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    More about this item

    Keywords

    rural; Romania; World Bank; EU; agriculture; financing;

    JEL classification:

    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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