EIRP Proceedings, Vol 4 (2009)

Financial Aspects of Competitiveness in the Sustainable Development of the Company

Mihail Dimitriu

Abstract


Competitiveness of firms is a most important problem and now the negative impact of financial crisis bring in discussion was in which Romanian firms may survive on the Unique European market. We think that in present are necessary the following: 1. Increased competitiveness should not be regarded as a process of exploiting short-term advantages (e.g. low cost of labour), but as a process of building an
economic structure based on capital investment and process R & D innovation; 2. Competitiveness in complying with the legal community, or financial efforts in environmental protection, are significant segments of the real economy of Romania can not integrate into the European Single Market; 3. Of the 6
priorities of the NDP 2007-2013 (Competitiveness, Transport Infrastructure, Environment, Human Resources, Rural Development, regional development), the lowest financial allocation for Competitiveness (8.9% of total). Moreover, attracting European funds in the list is left behind to "graphics" originally made by Romania; 4. Now is a general series of vulnerabilities that lead to additional costs, such as uncertainty regarding the sustainability and stability of policy options, solutions for restructuring and economic
development, large uncertainties regarding the ability to translate words into concrete actions and establish
priorities in macroeconomic objectives and others.

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