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Daniel Daianu: Romania’s model of economic growth must be rethought
Romania has to rethink its model of economic growth and take care what they spend the capital on, the economist Daniel Daianu said on Monday at the presentation of the report 'Golden Growth: Restoring the Lustre of the European Economic Model, made by the specialists of the World Bank. “ Romania has to rethink its growth model and think what they spend the money on. We know there is must inefficiency in the Romanian economy, our problem being that we need to rethink our reforms especially in the case of state-run companies. Another issue is that Romania is a weak state with a numerous government. Romania does not have a small government”, Daianu said.
Referring to the most recent report of the World Bank with regards to the world economies, Daniel Daianu said that Europe lacks at present an interconnected network.“The finances were kept behind the European level. Better said, following the speculations, in the biggest part of Europe, what is lacking is the structure, the network in a world which is very interconnected. What does Europe for us with its current account deficit ?We don’t share the others’ opinion who say that there is room for everybody. But when a global economy does not grow rapidly, we have a problem with the middle class” Daianu said.
The head economist of the World Bank for Europe and Central Asia Indermit Gill presented on Monday in Bucharest at the HQ of the National bank of Romania (BNR) the report 'Golden Growth: Restoring the Lustre of the European Economic Model,' drawn up by the World Bank (WB)
The report tackles the perspective of growth on a long term in Europe with accent on the evolutions of the latest two decades, and tries to identify what has to be done to ensure the prosperity of the next twenty years.