COMPETITEVENESS PROFILE VERSUS HUMAN DEVELOPMENT PROFILE: THE CASE OF ROMANIA

Abstract

Starting from Porter’s well-known approach to a nation’s competitiveness and decomposing prosperity, this paper attempts to highlights connections between competitiveness, prosperity, human development and labor productivity and labor utilization in the case of Romania. The comparative analysis of Romania’s competitiveness, prosperity and human development profiles was conducted based on The Global Competitiveness Report, Legatum Prosperity Index and Human Development Report. The paper concludes that Romania is currently facing four major categories of challenges directly related with labor utilization: population ageing, the urban-rural dualism, unemployment paradoxes and labor migration which can affect the positive trends and future progress in the areas examined.

Keywords

• country competitiveness, prosperity, human development, labor productivity, labor utilization,