rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Markets and people
    sub title: Romania country economic memorandum
  title info:
    title: Romania country economic memorandum
  name:
    name part: De Rosa, Donato
    role:
      role term: editor.
  name:
    name part: Valerio, Alexandria
    name part: 1968-
    role:
      role term: editor.
  name:
    name part: World Bank
    role:
      role term: issuing body.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: dcu
    date issued: 2020
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: xiv, 154 pages : color illustrations, color maps ; 28 cm.
  abstract: Romania's income per capita has increased from 26 percent of the EU-28 average in 2000 to 63 percent in 2017, but this economic success rests on the wobbly foundations of unfavorable demographics, weak human capital, and ineffective institutions. Going forward, stronger competition and better human capital are critical to increasing the economy's growth potential. Romanian manufacturing arms are exposed to domestic and international competition, ensuring the allow of resources and market shares to more efficient players. This has not been the case for services, where anticompetitive regulations and direct state control often limit efficiency gains. Romanian state-owned enterprises do not compete on an equal footing with private sector firms, distorting market outcomes and hampering the efficient allocation of resources. Removal of these restrictions would have a significant positive impact on GDP growth. Competitively neutral policies are needed to ensure that all enterprises, public or private, domestic or foreign, face the same set of rules. Romania's human capital accumulation-- proxied by the World Bank's Human Capital Index (HCI)-- is the lowest in the European Union and varies widely across counties. Disparities in education outcomes remain relevant across and within regions of Romania. Learning gaps in primary and secondary education persist. These can be seen clearly between urban and rural areas, across regions, and across social groups, requiring changes both at the systems level and at the learning-center level. In the labor market, the automation of production processes has started driving demand for higher levels of cognitive skills, while jobs involving the routine application of procedural knowledge are shrinking in number. A paradigm shift would require reforms in primary and secondary schooling, in addition to more targeted actions, to establish an effective skills development system to bolster human capital.
  note: "This report was written by a team co-led by Donato De Rosa (Lead Economist) and Alexandria Valerio (Lead Education Specialist), and including Reena Badiani Magnusson (Senior Economist), Vincent Belinga (Economist), Neil Butcher (Consultant), Ioana Ciucanu (Consultant), Elia De la Cruz Toledo (Consultant), Andrei Silviu Dospinescu (Consultant), Georgeta Gavriloiu (Consultant), Arti Grover (Senior Economist), Zohar Ianovici (Consultant), Mariana Iootty (Senior Economist), Sonja Loots (Consultant), Leonardo Lucchetti (Senior Economist), Mariana Moarcas (Senior Education Specialist), Mohamed Mukhtar Qamar (Consultant), Myra Murad kahn (Consultant), Constantino Navarro (Consultant), Tilsa Guillermina Ore Monago (Consultant), Catalin Pauna (Senior Economist), Jorge Pena (Consultant), Georgiana Pop (Senior Economist), Alina Sava (Education Specialist), Geomina Turlea (Consultant), and Michal Tulwin (Research Analyst)"--Acknowledgments.
  note: Includes bibliographical references.
  subject:
    geographic code: e-rm---
  subject:
    topic: Human capital
    geographic: Romania
  subject:
    topic: Competition
    geographic: Romania
  subject:
    geographic: Romania
    topic: Commercial policy
  classification: HD8644 .M37 2020
  classification: 331.1209498
  related item:
    title info:
      title: International development in focus
  identifier: 9781464815034
  identifier: 1464815038
  location:
    physical location: pda,print
  record info:
    record content source: YDX
    record creation date: 191006
    record change date: 20250318222407.2
    record identifier: in00004150880
    language of cataloging:
      language term: eng