Economic Development vs Economic Growth in Romania

Abstract:

The topic concerns an issue of the utmost importance and actuality in the context of the specific dynamics of the economy. Knowledge / expertise globally is reflected in the growth / development of national economies and improving living standards of the population. Arguments underlying this statement are reflected in the values held by certain indicators and their effects on national economies. The study is based upon an analysis in terms of economic growth in our country and which are the factors that influenced economic imbalances. As a first step we will try to answer the question “What are the factors that influence economic growth and stability?” and identify its evolution over time. A second stage of the study will be to analyze the major changes that lead towards stimulating economic growth.