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Scrutiny
  
Ro ‘MANIA’
the new poster economy
26/07/2007

These days, the unconventional wisdom profess that Romania will emerge as the world’s manufacturing hotspot, competing with the likes of Chindia, Brazil and other poster economies .

Thanks to urge of joining the EU, the government has implemented & adopted economic reform that has led to multi-variate growth of economy. New modernised production facilities, huge investment activities, large public projects & sound inflow of FDI are demolishing almost all hurdles from the growth racetracks. From market development to encouragement of scientific & technological research, all prospective issues are targeted at & are experiencing radical reforms. Romania enjoys its development predominantly because of its fiscal and trade policies & has emerged as one of the most viable place for international trade. The reforms have boosted its GDP (PPP) per capita to $9100 & an employment rate to 92.1%. It immensely benefits from the size of the market, robust manufacturing sector & ever increasing role of private sector. The developmental model had underpinned the development of less developed states & prevented uprising of regional disparities. All of this makes Romanian growth story, a recommend reading in the global development literature in times to come.

By:- B&E
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