Industry in growth poles of Romania

Abstract

A competitive industry can reduce costs and prices, can create new products, thus contributing significantly to productivity growth throughout the economy. The industry is also the main source of innovation necessary for society to meet the challenges faced. Growth poles have the ability to spread economic development in adjacent areas and contributes significantly to the territorial development of the country. This article aims to analyze the current state of industry growth poles of Romania, in terms of number of employees, distribution of sub-industries and density of firms in industry. It also highlights business structures and industry clusters located in the growth poles, as solutions for boosting economic growth and creation of added value. Analysis performed leads to the conclusion that all growth poles are engines of economical development in the industry for the regios of origin. We distinguish growth poles Timişoara and Cluj-Napoca whose economic advantage is given by the favorable position close to the markets of the European Union.

Keywords

• cluster
• industrial parks
• strategic sector
• growth poles