KNOWLEDGE BASED ECONOMY IN ROMANIA

                           Mădălina Cristina Tocan, Lecturer PhD
                             Ecologic University of Bucharest
                                 mada_popa@yahoo.com


ABSTRACT: It is well-known that in the present the competitive advantage of an economy it is
not based only on products or services, natural resources or geographic particularities. The
competitive advantage it is obtained today through innovation and the extensive utilization of
knowledges. For this reason the present paper presents the results of an evaluation of the
Romanian economy from the perspective of the knowledge based economy. The conclusion of
the evalutation is that the Romanian economy it is still under the effect of the industrial and
agricultural era which promotes products and services which are not very competitive on the
international and even on the national market and because of this it is necessary the
stimulation of the development of the knowledge based industries and the elimination of the
gaps between Romania and the other European countries.

Keywords: knowledge, knowledge based economy, evaluation

JEL Codes: O10, O30