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Project of competitiveness strategy: Romania wants to switch from cheap labour force to use of well-trained workers

Romania plans to switch from the model based on cheap labour force to making utmost use of well-trained workforce in an economy controlled by creative and innovating enterprises, reads the project of the 2012-20 Competitiveness Strategy of Romania.

The strategy project drawn up by the National Competitiveness Council (CoNaCo) aims to 'switch from a development model based on cheap labour force to a system based on high-quality institutions and infrastructure, in which the potential of the well-trained workforce should be made utmost use of and in which the economy will be controlled by creative and innovative enterprises.'

According to Agerpres, the above-mentioned document is based on four main pillars: economic performance, efficiency of public institutions, efficiency of the business environment, infrastructure.

To be more to the point, in order to increase economic competitiveness, the strategy project suggests introducing a document for budget discipline on the diminution and control of the budget deficit as well as rules for local budgets.

They also suggest a system of taxing consumption instead of taxing labour as well as the 'harmonization of the VAT rates.' Another suggestion refers to financing exports through the agency of the state-owned bank Eximbank. In the field of exports too they suggest 'creating and promoting Romanian brands.'

In agriculture CoNaCo suggests drawing foreign investments for the 2.5 million hectares of uncultivated arable land as well as means of financing farmers, including the change of the structure of farms to using more extensive areas of land.With a view to supporting the business environment, the project of the competitiveness strategy refers to an 'intelligent migration policy' by 'attracting talented students from abroad.'

Sursa: http://www.actmedia.eu

Tags: labour force trained cheap romania competitiveness strategy project

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