Is Romania a Favourable Environment for the Development of Knowledge-Based Organizations?
Is Romania a Favourable Environment for the Development of Knowledge-Based Organizations?

Summary/Abstract: The Europe 2020 Strategy enhances the European Union’s efforts to achieve sustainable economic growth, by transforming the economies of the member states in knowledge-based economies. This strategy aims at five major objectives that relate to unemployment, research and development, energy, education, poverty and social exclusion. Using the 8 indicators which measure these developments, this article aims to achieve an informational synthesis with a tolerable loss of information and to obtain an aggregate indicator, which will help at a graphical representation or a hierarchization of the countries analyzed. Using the Principal Components Analysis, we used the values of the 8 indicators registered in the EU countries, plus Switzerland, Norway and Iceland, in 2010; two indicators that give about 95% of initial information have been found and it now becomes possible to rank the countries in terms of their evolution towards the stage of a knowledge-based economy. Thus, we get the answer to the question-title, discovering Romania's position in the European landscape of knowledge-based economies, by having achieved the ranking of the countries.

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