R&D Activity as a Source of Competitiveness. Romania’s Status

Abstract

There are multiple sources of competitive advantage for companies and, by extension to the national economy, more or less applicable depending on the nature of their activity, as well as on the sector as on the costs of their implementation. In the present paper, we intend to explore Romania’s position in terms of investments in Research and Development (R&D) activity, both in the corporate and the public sector, as compared to the other new member states and in comparison with the European average. We will then compare further the EU state’s position in the global economy, from the same angle as in investment in R&D for future returns in a global competition.