The European competitiveness

You can read from here (pdf) the official report comparing the performance of EU and soon-to-be-part-of EU countries as a progress assessment against what EU decided in Lisbon. ("intention to make the EU the most competitive and dynamic knowledge based economy in the world capable of sustaining economic growth with more and better jobs and greater social cohesion") It was widely covered in the media (BBC, FT, Bloomberg) so I won't get into more details.

As you may expect Romania is among the poorer performers, next to Turkey and Bulgaria. I actually had the chance to read the Romanian report about it (thanks to Doug) which among others mentions that Romania's competitive advantage is still the cheap labor costs and that we've made a significant improvement on the information society (hence the e-readiness ranking). One of the conclusions goes in line with what I claimed a couple of days ago:

Long-term unemployment among recent graduates indicates a mismatch between the skills the education system provides and the labour market demand. An important challenge remains the assistance of displaced workers in order to acquire new qualifications demanded by the structural shifts of the labour market.

Finally, another one -- "While the social attitude towards entrepreneurs is often negative and governmental efforts in encouraging entrepreneurship are weak, important progress was achieved in terms of facilitating market entry."

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