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The Role of Business Environment in Reshaping the Textile Industry

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  • Adriana Ungureanu

Abstract

Apparently, the international competition is strong in the area of investment in new technologies and expecting for their results to be applied at the right moment. Nanotechnology is from far the most wanted by investors. During the last twenty years, developed states invested in nanotechnologies as a priority for their policies and in time this trend was followed by the less developed countries. At the opposite side, there are countries as Romania that seem to not keep the step with times and lose the start in front of those very active in this field. This paper tries to focus on the role of the Romanian business environment to reshape the textile industry through new technologies and nanotechnologies especially. As the methodology, the in-depth interview method was used to get the information from the most important actors in Romanian business textile field. The conclusions show that a lot of measures are required to change the mentality and the working style. The study reveals also that together with the state involvement the industrial policies must be changed. In the same time, this research gathered some recommendations as pragmatic solutions to take seriously the role of business environment for bringing its contribution for this challenge.

Suggested Citation

  • Adriana Ungureanu, 2017. "The Role of Business Environment in Reshaping the Textile Industry," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 73-78, September.
    • Handle: RePEc:khe:scajes:v:3:y:2017:i:3:p:73-78
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    References listed on IDEAS

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    1. Adriana UNGUREANU, 2017. "The Role Of Research In Reshaping Textile Industry," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 9, pages 17-23, June.
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      Keywords

      Technology; nanotechnology; textiles; Romania; industry;
      All these keywords.

      JEL classification:

      • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
      • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
      • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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