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Romania's Integration in the European Union. Opportunities & Challenges

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Romania's Integration in the European Union. Opportunities & Challenges Romania’s Integration in the European Union. Opportunities & Challenges Theoretical and Applied Economics. Supplement 4 România în Uniunea Europeană. Potenţialul de convergenţă 4 Contents Forward / 9 Strategic Milestones of Romania’s Integration to the European Union Process Efficiency Gheorghe Zaman / 11 Context Vision and the Ultimatum Modernization Marin Dinu / 19 Internal Rating Approach in SMEs Evaluation Mario G.R. Pagliacci / 31 Economic and Social Evolution of Romania during 1.I-28.II.2007 Period Vergil Voineagu / 47 Romania’s Real Convergence to EU - Dream or Reality? Cristian Socol, Aura Gabriela Socol / 61 The Banking System and Integration Challanges Nicolae Dănilă / 73 Theoretical Delimitations: the Europeanization of Public Administration and its Institutional Levers Lucica Matei, Diana-Camelia Iancu / 93 The Economic Situation of Romania by the Time of the Adhesion to the European Union Constantin Anghelache / 111 Effects of Integration and Globalisation on Labour Market Valentina Vasile / 141 Advantages for the Republic of Moldova to Join European Union, and the Disadvantages of its Remaining within CIS Mihai Pătraş / 149 4 Romania’s Integration in the European Union. Opportunities & Challenges Specific Features Concerning the Market Risk Management Gabriela Anghelache / 163 The Basis of the Change through Creativity, Responsibility and Hope Viorel Lefter, Elvira Nica / 183 The Role of Human Capital in the Development of the European Market Marina Luminiţa Sârbovan / 193 The Integration of the Romanian e-services Technologies in the European Informatic Society Ioan Radu, Minodora Ursăcescu /201 The European Structural Funds for Romania and Opportunities for Bucovina Carmen Năstase, Adrian Liviu Scutariu / 209 Impact of Romania's Integration into European Union on the Capital Market in Romania Leonardo Badea / 223 The Regulation of the Energy Market in Romania Vasile Robu, Elena Claudia Şerban, Marina Bădileanu / 231 EU Regional Policy – Convergence and Economic Growth? Mădălina Istrate, Luiza Radu / 247 The Institutional Reconstruction and the Functionality of the Macroeconomic System Gheorghe H. Popescu, Cosmin Dobrin / 261 The Analysis of Potential Output Growth in the Euro Area Marius-Corneliu Marinaş / 271 Romanian Companies Competitivity Regarding the European Business Environment Iuliana Cetină, Nora Mihail / 279 Vertical Integration and Development Potential for European Union Dragoş Huru / 291 4 Theoretical and Applied Economics. Supplement 5 Content volume II European Governance through Economic Policies Ion Bucur Economic Convergence and Euro Introduction in the new EU Member States Ramona Toma, Virgil Nicula The Alternative of the Universal Bank-Specialized Banks and the Coordination of Enterprise Financing Activity in Contemporary Banking Systems Teodora Barbu, Georgeta Vintilă Land Fusion – a Priority in Agrarian Policy Action in the Direction of Consolidation the Land Ownership in the Peasants’Households Gabriel Popescu, Florentina Constantin Considerations Regarding the Tax System in Romania – Implications of the Joining Process Stela Aurelia Toader Development Strategies of Vâlcea’s Tourism Marin Popescu, Sorin Grigorescu The Principles of the Local Budgetary Process in the Light of the New Law of Local Public Finances Cristinel Ichim Opportunities and Challenges for the MBA Programs in Romania, in the View of Integration in European Union Ionel Năftănăilă, Ioan Ursachi The Actual Stage Liberalization of the Commerce with Services on the Internal Market. Implications for Romania Corina Grigorovici 5 6 Romania’s Integration in the European Union. Opportunities & Challenges Quality Management – an European Approach Ion Ioniţă, Mihai Mieilă The Normalisation of the Romanian Accounting as a Result of the Compatibility Process Alexandru Sălceanu Fiscal Pressure and Property Sense in European Union Integration Cristina Covaci Agriculture Development and Employment of Labour Force in European Union’s Rural Areas Alina Ştefania Creţu, Roberta Mihaela Stanef International Migration. Motivation and Consequences Marilena Papuc Economic Growth and Life’s Quality in Economic Integration Process Rodica Manuela Gogonea, Cătălin Huidumac Innovating – Romania’s Stake Mina Ivanovici The Constitutional State Exposed to Globalization Gabriela Negru Taxation and Accountancy, between National and Regional Mihaela Ioneci, Niculina Marcu Economic Growth – Costs and Development Discrepances Ion Bucur Accounting in Romania, between Current Taxes and Deterred Taxes Regarding Profit Străoanu Boni Mihaela 6 Theoretical and Applied Economics. Supplement 7 Solving Systems of Difference Constraints Gheorghe Manolache Investing in Shares – a Possibility of Financial Investment Florentin Şerban, Silvia Dedu Coordinates of Systems and Management Methods in the Health Field Carmen Comăniciu The Legislative Framework of the Regional Politics in Romania Marcela Cristina Hurjui Romania Facing the Integration – a Possible Evolution Viorela Iacovoiu Changes in Prior Period Errors Alina Pietraru, Dorina Luţă Multiple Equilibrium in Decentralized Commerce and Negotiations Models Sandu Cătălin Sin The Balance Sheet – Mirror of Patrimony Camelia Mihalciuc, Irina Chiriţă Flat Tax and Convergence of Romanian Economy with the European Economic Space Ioan Done, Adrian Ungureanu Money Laundering – the Consequence of the Financial Globalization Carmen Boghean 7 8 Romania’s Integration in the European Union. Opportunities & Challenges Accounting for the Environment or for Sustainable Development Florin Boghean The Pension System in Romania: Past, Present and Perspectives Amalia Elena Ioniţă The Effect of Training the Tourism Irina Ştefana Cibotariu Note: Volume II will be published after Symposium Session 8 Forward The adhesion of Romania to the European Union, as from January 1st, 2007, implies structural changes at the level of both the economy and the Romanian society. However, the real challenge consists of the success of the integration with the European mode as, finally, the modernization of Romania depends on a successful outcome of this process. Shall we be in the position to valorize this huge opportunity? The Romanian authorities, will they manage to adopt a coherent mix of economic policies able to settle the trade-off between reaching the nominal convergence and the need for a real convergence? Shall we manage to absorb a larger part of the European funds so that we can be in the position to reduce the gaps as against the EU-27 countries? How could we stimulate the convergence potential of the Romanian economy? Which will be the contribution of Romania to the dynamic transformation of the European model? Looking after rational answers to all these question marks, the GAER management decided to propose to the Romanian and international scientific community the Symposium “The Integration of Romania in the European Union: opportunities and challenges”; the first paper works of this symposium being grouped in this volume. The second part of the symposium volume will comprise other significant scientific contributions which, we hope, would set up the very basis of a Romanian sub-model, as part of the European model. This is actually a theoretical elaboration representing both an opportunity and a challenge for the debate of ideas within the Romanian and international intellectual environment. 10 Integrarea României în Uniunea Europeană. Provocări şi soluţii 10 STRATEGIC MILESTONES OF ROMANIA’S INTEGRATION TO THE EUROPEAN UNION PROCESS EFFICIENCY Gheorghe Zaman Ph.D. Professor Associated Member of the Romanian Academy President of GAER (Synthesis) ABSTRACT. The strategic milestones of Romania’s integration efficiency to the European Union aims at the following more important aspects: developing a national strategy of sustainable development that should have as core the post-accession strategy in agreement with the EU decisions in this field, and the trends at world level; rendering efficient and increasing competitiveness of the public and private sector in Romania; increasing macroeconomic sustainability on long-term, inclusive for the trade balance and for the foreign payments; increasing the efficiency of using domestic and foreign loans and of public investments; using proceeds from privatization for modernizing the infrastructure in Romania; strengthening the management capacity. The European economic model which is based on the principle of “unity in diversity” offers a flexible framework of rendering compatible on short-, medium- and long-term the economic efficiency, justice and equity, promoting poverty alleviation, social cohesion and inclusion, subsidiarity and intergenerational cooperation. Key words: strategy; integration; sustainable development; efficiency; sustainability of foreign payments balance; European economic model; convergence; catching up. REL Classification: 8A, 20B, 20E 1. Romania’s accession to the European Union, on January 1st 2007, rises a series of issues and aspects of strategic nature aiming to optimize the integration of our country from economic, social, technological and 12 Romania’s Integration in the European Union. Opportunities & Challenges environmental viewpoint on the basis of developing a sustainable development strategy of Romania within which the post-accession strategy should represent a primordial, organic component of the sustainable development concept, that in the case of our country presupposes: - ensuring a sustainable
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