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RESEARCH PRODUCT

THE COMPETITIVENESS OF THE EUROPEAN ECONOMY DURING A CRISIS SITUATION

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The economies of E.U. member states are not prepared enough to face new challenges such as: the increased economic competitiveness of the economies of the world, the need for energetic efficiency and security and the rapid system of technological innovation. In such a context, a new strategy was proposed ? Europe 2020 ? for a smart growth, with the accent falling on increased competence and innovation. Very few member states offer an environment which encourages innovation. The strategies of member states concerning innovation differ from state to state, although the challenges are the same. European Union strategies must contribute to increased European economic competitiveness and the elimination of barriers on the Internal Unique Market. Within the E.U.-27 index of competitiveness, for 2006-2010 and 2010-2012, Romania is fourth at an European level and 67 at a global level, which is deemed way too low. Thus Romania is formulating, or the 2012-2020 periods the Competitiveness Strategy with the aim of becoming a worthy participant to the Internal Market, insisting in the field of education.