Annals of the University of Oradea: Economic Science (Dec 2012)
GOVERNANCE MEASURES PROPOSAL FOR ROMANIA TO ACCOMPLISH THE EUROPE 2020 TARGETS AT NATIONAL LEVEL
Abstract
Europe 2020 is a very ambitious strategy adopted by the European Commission for the coming decade. Its main target is to make Europe’s economy become smart, sustainable and inclusive. The Lisbon Strategy was first adopted in 2000, but during the 2005 mid-term review, the Lisbon Strategy was revised and new targets for economic growth and employment were established. This change integrated the Cohesion Policy into Lisbon Strategy’s implementation. In 2010, the European Commission published a new strategy, known as Europe 2020, a strategy that includes priorities meant to help the European Union and the Member States to defeat the weaknesses that they have experienced in the last period. Although the targets set are impressive and might seem very attractive, the results acquired so far, both at EU and Romania’s levels are not very encouraging. Even though some progress has been made, it is too unassertive to be considered the expected result. The article presents the results obtained up to this stage by Romania in achieving the national targets set through Europe 2020, using the time-distance method to calculate the time advance or delay in implementing the Europe 2020 targets in Romania. It formulates governance proposals that must be taken into account by the Romanian authorities in order to reach the targets set at national level.
