Report

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

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collection.link.289
https://openknowledge.worldbank.org/handle/10986/23099
collection.name.289
Systematic Country Diagnostics
dc.contributor.author
World Bank
dc.date.accessioned
2018-05-24T17:59:27Z
dc.date.available
2018-05-24T17:59:27Z
dc.date.issued
2018-06-04
dc.description.abstract
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.
en
dc.identifier.isbn
978-1-4648-1317-7
dc.identifier.uri
http://hdl.handle.net/10986/29864
dc.language
English
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Systematic Country Diagnostic;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
POVERTY
dc.subject
ECONOMIC OPPORTUNITY
dc.subject
INEQUALITY
dc.subject
REGIONAL DEVELOPMENT
dc.subject
TECHNOLOGY CHANGE
dc.subject
URBANIZATION
dc.subject
INFRASTRUCTURE
dc.subject
LAGGING REGIONS
dc.subject
RURAL POVERTY
dc.subject
COMPETITIVENESS
dc.subject
BUSINESS ENVIRONMENT
dc.subject
PUBLIC SPENDING
dc.subject
CORRUPTION
dc.subject
SERVICE DELIVERY
dc.subject
CLIMATE RESILIENCE
dc.subject
INSTITUTIONAL CHANGE
dc.subject
GOVERNANCE
dc.subject
SHARED PROSPERITY
dc.title
From Uneven Growth to Inclusive Development
en
dc.title.subtitle
Romania's Path to Shared Prosperity
en
dc.type
Report
en
okr.date.disclosure
2018-06-04
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1317-7
okr.identifier.internaldocumentum
211317
okr.identifier.report
127129
okr.imported
true
en
okr.language.supported
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Romania
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Poverty Reduction :: Inequality
okr.topic
Poverty Reduction :: Poverty Diagnostics
okr.topic
Rural Development :: Rural Poverty Reduction Strategies
okr.topic
Urban Development :: National Urban Development Policies & Strategies
okr.topic
Urban Development :: Urban Economic Development
okr.unit
ECCU5

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