From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity

Reforms spurred by accession to the European Union (EU) boosted productivity and integrated Romania into the EU economic space. Gross domestic product per capita rose from 30 percent of the EU average in 1995 to 59 percent in 2016. Today, over 70 percent of the country’s exports go to the EU, and th...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC: World Bank 2018
Subjects:	POVERTY ECONOMIC OPPORTUNITY INEQUALITY REGIONAL DEVELOPMENT TECHNOLOGY CHANGE URBANIZATION INFRASTRUCTURE LAGGING REGIONS RURAL POVERTY COMPETITIVENESS BUSINESS ENVIRONMENT PUBLIC SPENDING CORRUPTION SERVICE DELIVERY CLIMATE RESILIENCE INSTITUTIONAL CHANGE GOVERNANCE SHARED PROSPERITY
Online Access:	http://hdl.handle.net/10986/29864

id	okr-10986-29864
recordtype	oai_dc
spelling	okr-10986-298642021-04-23T14:04:54Z From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity World Bank POVERTY ECONOMIC OPPORTUNITY INEQUALITY REGIONAL DEVELOPMENT TECHNOLOGY CHANGE URBANIZATION INFRASTRUCTURE LAGGING REGIONS RURAL POVERTY COMPETITIVENESS BUSINESS ENVIRONMENT PUBLIC SPENDING CORRUPTION SERVICE DELIVERY CLIMATE RESILIENCE INSTITUTIONAL CHANGE GOVERNANCE SHARED PROSPERITY Reforms spurred by accession to the European Union (EU) boosted productivity and integrated Romania into the EU economic space. Gross domestic product per capita rose from 30 percent of the EU average in 1995 to 59 percent in 2016. Today, over 70 percent of the country’s exports go to the EU, and their technological complexity is increasing rapidly. Yet, Romania remains the country in the EU with by far the largest share of poor people, with over a quarter of the population living on less than $5.50 a day. There are widening disparities in economic opportunity and poverty across regions and between urban and rural areas. Although Bucharest has already exceeded the EU average income per capita, and many secondary cities are becoming hubs of prosperity and innovation, Romania remains one of the least urbanized countries in the EU. Access to public services remains constrained for many citizens, particularly in rural areas, and there is a large infrastructure gap, which is a drag on the international competitiveness of the more dynamic areas of Romania while limiting economic opportunities in lagging and rural areas. Growth is constrained by weak commitment to policy implementation, creating a poor business environment and misallocation of resources to politically connected firms. Equal opportunities are constrained by weak local service delivery and an inability to ensure sufficient local funding due to patronage-based politics. And resilience to natural disasters and climate change is constrained by lack of coordination between central and local authorities. As argued in this report, Romania has no choice but to address these institutional challenges if it is to sustain the impressive growth performance of recent years, share prosperity among all of its citizens, and improve its resilience to natural hazards. 2018-05-24T17:59:27Z 2018-05-24T17:59:27Z 2018-06-04 Report 978-1-4648-1317-7 http://hdl.handle.net/10986/29864 English Systematic Country Diagnostic; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Europe and Central Asia Romania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POVERTY ECONOMIC OPPORTUNITY INEQUALITY REGIONAL DEVELOPMENT TECHNOLOGY CHANGE URBANIZATION INFRASTRUCTURE LAGGING REGIONS RURAL POVERTY COMPETITIVENESS BUSINESS ENVIRONMENT PUBLIC SPENDING CORRUPTION SERVICE DELIVERY CLIMATE RESILIENCE INSTITUTIONAL CHANGE GOVERNANCE SHARED PROSPERITY
spellingShingle	POVERTY ECONOMIC OPPORTUNITY INEQUALITY REGIONAL DEVELOPMENT TECHNOLOGY CHANGE URBANIZATION INFRASTRUCTURE LAGGING REGIONS RURAL POVERTY COMPETITIVENESS BUSINESS ENVIRONMENT PUBLIC SPENDING CORRUPTION SERVICE DELIVERY CLIMATE RESILIENCE INSTITUTIONAL CHANGE GOVERNANCE SHARED PROSPERITY World Bank From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity
geographic_facet	Europe and Central Asia Romania
relation	Systematic Country Diagnostic;
description	Reforms spurred by accession to the European Union (EU) boosted productivity and integrated Romania into the EU economic space. Gross domestic product per capita rose from 30 percent of the EU average in 1995 to 59 percent in 2016. Today, over 70 percent of the country’s exports go to the EU, and their technological complexity is increasing rapidly. Yet, Romania remains the country in the EU with by far the largest share of poor people, with over a quarter of the population living on less than $5.50 a day. There are widening disparities in economic opportunity and poverty across regions and between urban and rural areas. Although Bucharest has already exceeded the EU average income per capita, and many secondary cities are becoming hubs of prosperity and innovation, Romania remains one of the least urbanized countries in the EU. Access to public services remains constrained for many citizens, particularly in rural areas, and there is a large infrastructure gap, which is a drag on the international competitiveness of the more dynamic areas of Romania while limiting economic opportunities in lagging and rural areas. Growth is constrained by weak commitment to policy implementation, creating a poor business environment and misallocation of resources to politically connected firms. Equal opportunities are constrained by weak local service delivery and an inability to ensure sufficient local funding due to patronage-based politics. And resilience to natural disasters and climate change is constrained by lack of coordination between central and local authorities. As argued in this report, Romania has no choice but to address these institutional challenges if it is to sustain the impressive growth performance of recent years, share prosperity among all of its citizens, and improve its resilience to natural hazards.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity
title_short	From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity
title_full	From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity
title_fullStr	From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity
title_full_unstemmed	From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity
title_sort	from uneven growth to inclusive development : romania's path to shared prosperity
publisher	Washington, DC: World Bank
publishDate	2018
url	http://hdl.handle.net/10986/29864
_version_	1764470579302236160

From Uneven Growth to Inclusive Development : Romania's Path to Shared Prosperity

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