1. N.W.O.
Team leader/member: Ingrid Rosca
Romania

2. Summary about the competitiveness
of Eastern Europe
• To align to new Asian standards, vision and
objectives, practitioners will need to tackle
structural unemployment. Thus, EE will be
able to fit between the countries with
medium income population growing. Locally,
Romania will have to stop brain drain,
becoming a strategic partner.

3. Summary about the
competitiveness of Eastern Europe
• It should be redrawn parameters of fiscal inequity, and
providing new models of production and consumption
- currently, the purchasing power of Romanians (PCS)
is 5 times lower than the average European PCS, even
if labor productivity is 2 times smaller. So, we talk
about recovery by the Romanian population structure,
a redesigned model aligned geopolitical,
multidimensional and multidisciplinary. For the year
coming 2030, according to statistics, agriculture will be
in constant development and with proper stimulation,
may result alternative environmental / climate change
and energy reform implicitly. Romania will be able to
regain the performance of the exporter.

4. Highlights
• Global economic interdependence and multilateral
cooperation can provide information s and solutions on a
sustainable economic recovery. Eastern Europe backup
plan to overcome the slow evolution and adaptation
compared to Asian countries could be rather a game of
opportunities observed for only on a static view. Due to
globalization capitalist crisis and its multi-dimensional
structure, rules and norms of a "new reality" must be
shared. The main priority should be creating new jobs,
based on a social economy. Human capital is strategic tool-
key through: EU funds absorption, mining, SMEs.
• The concept of ‘Europe’ with its 'euro' tool develops a
populist system which Romania has to extract one single
fiscal policy in order to overcome the sovereign debt crisis.

5. Discussions
• A well-balanced plan between state’s
responsibilities and civic responsibilities can
rebuild the Romanian industry. Since 2008, the
world entered on an economic and financial
system reform. By default, EE, thus Romania, had
to create a reform plan tailored to the needs of
the new world order. All these proposed reforms,
otherwise viable and adapted through Asian
culture, will be fully and correctly implemented
only through careful monitoring and continuous
evaluation to promote industrial
competitiveness, thus regenerating a strong
economy.

6. Vision of the future Eastern European
companies
• Which industries will emerge in EE/Romania?
• - energy, agriculture, tourism, Long Life
Learning and infrastructure.
• What will be the most wanted profession in
2022?
• - entrepreneurship (backing up theory with
relevant trends, sources, sooner, the vision it
will become a practice in next 5-10 years).

7. Vision of the future Eastern European
companies
• How EE could escape the bind between the West and
the Far East?
• - respecting the ‘new economic rules’, backed up by
regional, global trends, economic situation.
• Which sectors within a company will be the most
important?
• - HR (In a long run, company can not succeed without
sustainable business model and HR topic is one of
most important things. So, nobody will invest in the
company without some sort of return, and will also not
invest if the company does not have sustainable
growth position which brings long term stable profits*)

8. Sustainable development
Visions description
• 1. "By 2030, energy requirements could be 50% higher, and
fossil fuels will account for 80% of energy supply.
Dependence on energy imports will increase and the EU
will import nearly two-thirds of its energy needs" => need
to reduce energy consumption by using alternative energy.
Energy investments must increase by at least 20%. At this
rate, by 2022, energy indicator will be the level of normal
development. Must be imported alternative energy models
from Asian countries.
• 2. Models of good practice taken from foreign educational
system=> institutional development and entrepreneurship
=> development of informal income => services economy
=> increased productivity-BAT.

9. Sustainable development
Visions description
• 3. Agriculture - increasing grain production => export growth =>
opportunities own internal needs coverage => deployment of
alternative energy. However, household income (currently 3%)
increased contribution to the formation of reduced benefits
therefore will be able to support growing food consumption (now
exceeding 40% of total income) => long-term competitive
advantages of organic agriculture => extend e-infrastructure within
households.
• 4. Tourism - ecotourism appearance => development of methods
for environmental / climate change => tourism development for
jobs development => increase foreign exchange earnings =>
stabilize currency local / diversification of investment policies =>
tourism development will assume rural economic development and
regional development .

10. Feasibility and relevance
• Is needed a more balanced plan between theory and practice. A
solution could be an educational system based on companies
sponsorship: company decide what courses are needed, an the
student works within the company to sustain his fees, but to be
motivate in the same time.
• So, motivation on both parts is been made, also by financial.
• Ignorance must be removed thorough reality. Although always a
society that wants to evolve will require additions. Overcoming
cultural barriers, cooperation (not only European, but Asian,
American, Islamic), taking best practices and capacity to improve,
assuming reality is the link between theory and practice.
• Finally, key-word is: Flexicurity!