ROMANIAâ€(tm)S SPECIALIZATION IN TRADE TOWARDS EU-27 - A REVEALED COMPARATIVE ADVANTAGE APPROACH
TL;DRAbstract
"International competitiveness" is a complex topic which raised over time many questions and theories on key factors that underpin it and is still subject to wide debate. Such analysis proves to be necessary under the new requirements raised by the participation of Romanian organizations in the European and global competitive environment in which competiting for new markets can be a platform of economic recovery. As companies compete for markets and resources, national economies compete with each other to achieve performance in a specific activity: for example, we can say that Romania has become less competitive in clothing production, and competitive in cars production. But it makes sense to say that "Romania has become more or less competitive as the economy?". The answer is no."Competitiveness" is a meaningless word when referring to national economies. Deniying Romanian competitiveness in a particular industry does not mean that Romania's economy is less competitive. The decline in
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"International competitiveness" is a complex topic which raised over time many questions and theories on key factors that underpin it and is still subject to wide debate. Such analysis proves to be necessary under the new requirements raised by the participation of Romanian organizations in the European and global competitive environment in which competiting for new markets can be a platform of economic recovery. As companies compete for markets and resources, national economies compete with each other to achieve performance in a specific activity: for example, we can say that Romania has become less competitive in clothing production, and competitive in cars production. But it makes sense to say that "Romania has become more or less competitive as the economy?". The answer is no."Competitiveness" is a meaningless word when referring to national economies. Deniying Romanian competitiveness in a particular industry does not mean that Romania's economy is less competitive. The decline in
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