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Major Opportunities Of Investments For Romania In The Context Of Sustainable Development

Author

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  • PAUL-BOGDAN ZAMFIR

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU-JIU, ROMANIA)

Abstract

In the conditions of sustainable development for Romania it is imperative to advance from a formulated economy on market forces that ignores the environmental values and exigencies to a sustainable economy based on knowledge, system that confers huge opportunities for investment. Against on background, it becomes imperative for our country to pay an increased attention of investments in the reconstruction of ecosystems. This is a fundamental obligation assumed and confirmed in the national strategy for sustainable development. In these circumstances the national economy takes a great step forward for the successful integration in the contemporary paradigm of sustainable development. In this framework the old industries must be restructured on their capacity of production founded on the natural capital and also the new industries will be created taking into account essentially the capacity of innovation and the intellectual capital, renewable resources until now neglected. These substantial changes in the structure of Romania economy requires new professions and modern patterns of production and consumption and highly qualified human resources. In the same vein preparation of human resources, we consider that preparation of human resources is the major premise in achieving of sustainable development. Thus, human resource generates knowledge and information which are endless resources for economic development, which amplify, multiply and diversify through reutilization. Therefore investments in human resources should concentrate essentially following directions of action: development of competitive sector of scientific research ecological valence, the training of specialists in holistic system for the construction of sustainable economy and the preparation of decision makers for managing of sustainable economy. Generally these dimensions of the national economy reconstruction in accordance with imperatives of sustainable development will inevitably lead to significant changes in all spheres of economic and social domains. Practically, in order to build a sustainable economy in Romania as it happens in developed countries of EU, the protection of domestic natural capital must become a state policy. Whereas until present has been made significant progress in this direction, we consider that there are still a number of impediments to sustainable development in Romania. Among the main reasons that hinder the Romanian transition to sustainable economy we can mention that on the one hand the lack of a constant concern on the improvement of economic infrastructure, industry recalibration on the supporting capacity of domestic natural capital. On the other hand, the current process of economic development of our country target immediate profit and short-term solutions. In the contemporary context of sustainable development it is important for Romania to create a strong research sector of scientific and tehnological innovation. In this perspective we appreciate that is necessary the preparation of human resources, as specialists in research, corporative management, innovation, projection, education. The process of sustainable reconstruction of Romanian economic infrastructure is a long-term and adaptative process of structural and functional transformation process according to harmonization with the production capacity and the support of natural capital. Also, on the trajectory of sustainable development, the efficiency receives a new concsitency: eco-efficiency can be calculated through flows of materials and energy, which is made between natural capital and economic infrastructure namely: ecological efficiency, environmental efficiency and economic efficiency.

Suggested Citation

  • Paul-Bogdan Zamfir, 2015. "Major Opportunities Of Investments For Romania In The Context Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 267-270, July.
  • Handle: RePEc:cbu:jrnlec:y:2015:v:special:p:267-270
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    File URL: http://www.utgjiu.ro/revista/ec/pdf/2015-03%20Special/45_Zamfir.pdf
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    References listed on IDEAS

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    1. Paul-Bogdan Zamfir, 2012. "The Harmonization Of Manmade Environment With The Natural Environment In The Context Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 170-175, June.
    2. Paul-Bogdan Zamfir, 2013. "Reflections On Romania'S Environmental Protection In The Context Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 145-149, February.
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