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Romanian specifics within the framework of regional economic cooperation

Author

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  • Grigorescu, Adriana
  • Bob, Constantin

Abstract

The various forms of economic cooperation are so many channels for the Romanian economy to connect itself to European and International Economy. That is why, by making use of R&D (Research & Development) cooperation mechanisms, Romania could access - even in times of transition but with the help of its national highly qualified labor force - peak technology sectors. By developing production capacities in cooperation with companies from the European Union, Romania’s affordable (cheap) labor, natural resources, commercial facilities could be driven to the technology of the third millennium. Cooperation with regard to marketing and sales is leading to the integration of the Romanian market into the European one, increasing the awareness of market requests and improving negotiation skills. High technology, new technique, trade under the auspices of international competition are steering the capitalization and management of natural, human, financial and information resources, facilitating both the integration processes and the economic and social development.

Suggested Citation

  • Grigorescu, Adriana & Bob, Constantin, 2007. "Romanian specifics within the framework of regional economic cooperation," MPRA Paper 25092, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:25092
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    File URL: https://mpra.ub.uni-muenchen.de/25092/1/MPRA_paper_25092.pdf
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    More about this item

    Keywords

    cooperation; technical; production; trade; development;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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