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Human Capital and Romania’s Perspective in the EU

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  • Mihai CHIRILA

    () (Dunarea de Jos University of Galati, Romania)

Abstract

The source of improving people life standard depends, alongside other factors, on efforts oriented towards education, research, and knowledge enrichment. It is also related to development and dissemination of high performance technology, with knowledge development, skills and abilities, professional training able to realize, disseminate, and use innovation. However, these investments in human capital will lead to good results by extending the active life of skilled workers, by improving the general health status of the population, by preserving the environment, by improving food products quality. All these are the more valid for Romania’s economy, the more it needs to be integrated in the Western European area, which is a highly competitive area. Or, relative sub-investment in autochthonous human capital might force our country to develop comparative advantages in border fields from the point of view of productivity, to specialize in fields that intensively use raw materials, to turn into a low paid labour market.

Suggested Citation

  • Mihai CHIRILA, 2009. "Human Capital and Romania’s Perspective in the EU," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 43-48.
  • Handle: RePEc:ddj:fseeai:y:2009:i:1:p:43-48
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    File URL: http://www.ann.ugal.ro/eco/Doc2009/MihaiChirila.pdf
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    More about this item

    Keywords

    human capital; human investment; economic theory;

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General

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