Why romania is important

According to World Bank recent developments, cities are the most powerful economic engines and centres for innovation and employment. But cities also face challenges such as suburbanization, congestion, pollution, deprived neighbourhoods. Although the percentage of urbanization in Romania is lower than the UE average, the problems cities and town face are very similar. To what extent is it needed to address this issues and can you give some examples of solutions which have proven to be efficient in the past?

IG: Addressing the challenges you have listed above is indeed of critical importance. Growth is generated by cities, and successful cities are those that know how to deal with such challenges. The way this is done however will vary from city to city, and it should be the job of local authorities to find the best solutions.

The World Bank has been workingsuccessfully with a number of cities to help them address their development challenges. It has a lot of useful information. Taking into consideration you experience in delivering similar projects all over the world, can you give us one or more examples of cities that could be considered best practices in terms of urban development?

And why do you see them as such? IG: It would be presumptuous to list here best-practice cities. There are numerous examples that are worth noting, and listing only some, will not do justice to the others. But if you insist that I name a few whose experiences might be useful for Romania, I would include among them Barcelona in Spain, Leipzig in Germany, and Kazan in Russia. They are showing that economic density andlivability are not substitutes, but complements. I am sure that in a few years, I will be able to add Bucharest and many more Romanian cities to this list.

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Stumble Upon. Development requires a shift of resources people, ideas, capital to areas where they can be more productive.

These are usually areas with greater economic mass. No developed country has managed to develop evenly. In fact, almost every country in the EU has a higher level of economic concentration than Romania. If you hope to be as developed as the rest of the EU is, you should welcome concentration, not fight it.

Over time, as Romania will become more developed, regional differences in welfare will even out — the same way it has happened in more developed countries. Development is about people, not about regions or cities.

The country is a regional leader in fields such as IT and motor vehicle production. Bucharest, the capital city, is one of the leading financial and industrial centers in Eastern Europe. The top 10 exports of Romania are vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics. Romania coped with the third wave of COVID without closing the economy, which made industry grow and consumption move forward.

This year, rising energy and commodity prices, production blockages caused by capacity constraints and a shortage of components of factors of production and raw materials, as well as strong domestic demand, will exert upward pressure on consumer prices. In , these pressures should gradually ease as production constraints are removed and supply and demand converge.

According to ONRC data, the total volume of trade between Romania and the United States amounted to almost two billion euros at the end of last year and almost one billion euros at the end of March June , in Romania there were a number of active American companies present, with a total value of the subscribed share capital of 1.

Real GDP increased by 2. Net exports, by contrast, were significantly negative, reflecting weak external demand and supply chain disruptions. Its co-operation with the OECD has continued to deepen and broaden to include greater participation in statistical reporting and information systems as well as benchmarking exercises such as the Programme for International Student Assessment PISA.

The co-operation with the OECD is co-ordinated by an inter-ministerial group under the authority of a secretary-of-state. All cabinet ministers used their most recent visits to the OECD to present the progress in alignment with OECD standards in their areas of responsibility.

Romania has pursued a deliberate policy of joining as many of OECD bodies and legal instruments as possible. Romania is thus part of an important dialogue with senior officials from member and partner countries on cutting edge thematic issues.