Strategies for developing knowledge economy in Romania

Open access


The present paper delves into the specifics of knowledge economy with a particular focus on Romania. In the first part, it identifies knowledge economy characteristics and pillars and it analyses them as compared to levels exhibited by countries in the European Union. In the second part it argues for the strategies that could be used for enhancing knowledge economy in Romania. In order to do so we used the Delphi method and we identified 25 experts in the knowledge economy/management field coming from internationally renowned companies, universities and ministries located in Romania, to whom we sent invitations for participating in our Delphi survey that lasted one month. Out of the 25 experts, 10 answered positively and during the research we had an attrition rate of 90%. The experts delivered their opinions on the measures to be adopted in order to increase education and learning, ICT and innovation as building blocks of knowledge economy. Findings reveals that knowledge economy can be developed by adopting measures such as: devising a governmental program that will sustain the development of knowledge repositories at the level of technological clusters, industry associations and other professional organizations by providing financial assistance for hardware acquisition and software development in order to facilitate knowledge transfer; Governmental program for the financial support of schools’ investments in hardware and educational software and the training of staff for the use of ITC in teaching and learning, etc.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • Bejinaru R. (2017). Universities in the knowledge economy. Management Dynamics in the Knowledge Economy Vol. 5 No. 2 pp. 251-271.

  • Bolisani E. and Bratianu C. (2017). Knowledge strategy planning: an integrated approach to manage uncertainty turbulence and dynamics. Journal of Knowledge Management Vol. 21 No. 2 pp. 233-253.

  • Bratianu C. (2011). A new perspective of the intellectual capital dynamics in organizations. In Vallejo-Alonso B. Rodriguez-Castellanos A. and Arregui-Ayastuy G. (Eds.). Identifying measuring and valuing knowledge-based intangible assets: new perspectives pp. 1-21. IGI Global Hershey.

  • Bratianu C. (2013). The triple helix of the organizational knowledge. Management Dynamics in the Knowledge Economy Vol. 1 No.2 pp. 207-220.

  • Bratianu C. Agapie A. Orzea I. and Agoston S. (2011). Inter-generational learning dynamics in universities. Electronic Journal of Knowledge Management Vol. 9 No. 1 pp. 10-18.

  • Bratianu C. and Anagnoste S. (2011). The role of transformational leadership in mergers and acquisitions in emergent economies. Management & Marketing. Challenges for the Knowledge Society Vol. 6 No. 2 pp. 319-326.

  • Bratianu C. and Bolisani E. (2015). Knowledge strategy: An integrated approach for managing uncertainty. In Massaro M. and Garlatti A. (Eds.). Proceedings of the 16th European Conference on Knowledge Management University of Udine Italy 3-4 September 2015 pp. 169-177. Academic Conferences and International Publishing Reading.

  • Bratianu C. and Vasilache S. (2010). A factorial analysis of the managerial linear thinking model. International Journal of Innovation and Learning Vol.8 No. 4 pp. 393-407.

  • Brinkley I. (2006). Defining the knowledge economy Knowledge economy programme report DTI Competitiveness White Paper The Work Foundation

  • Chen D. and Dahlman C.J. (2005). The Knowledge Economy the KAM Methodology and World Bank Operations World Bank Institute Working Paper 37256

  • Dan M.C. (2012). Innovative clusters: A solution for the economic development of Romania. Theoretical and Applied Economics Vol. 21 No. 9 pp. 5-16.

  • David B.A. (2004). Sustaining Innovation and Growth: Public Policy Support for Entrepreneurship Industry and Innovation Vol. 11 No. 3 pp. 167-191.

  • Dent J. Harden R.M. and Hunt D. (2017). A practical guide for medical teachers. Elsevier Health Sciences.

  • Đonlagić S. Fazlić S. and Nuhanović A. (2015). Introducing a framework for knowledge economy development in transition countries: The case of Bosnia and Hercegovina. Ekonomski Vjesnik/Econviews: Review of contemporary business entrepreneurship and economic issues Vol. 28 No. 1 pp. 257-266.

  • Ernst D. (2000). Inter-organizational knowledge outsourcing: What permits small Taiwanese firms to compete in the computer industry?. East-West Center Working Papers. East-West Center Hawaii.

  • Estonia (n.d.). E-governance Retrieved from:

  • European Commission (n.d.). European eGovernment Action Plan 2016-2020 Retrieved from

  • European Commission (2004). Manufacture. A Vision for 2020 Belgium.

  • European Commission (2016). Education and Training Monitor 2016 Romania Retrieved from

  • European Commission (2017). ICT Research and Innovation Retrieved from:

  • Fonseca L. M. & Domingues J. P. (2017 July). Listen to ISO 9001: 2015 for organizational competitiveness: Correlation between change management and improvement. In Proceedings of the International Conference on Business Excellence (Vol. 11 No. 1 pp. 916-926). De Gruyter Open.

  • Franklin K.K. & Hart J.K. (2007). Idea generation and exploration: Benefits and limitations of the policy Delphi research method. Innovation in Higher Education Vol. 31 No. 4 pp. 237-246.

  • Freedom House (2001). Report on Romania Retrieved from:

  • Fucec A.A. (2015). Romania And The Knowledge Economies In The European Union: Status Progress And Effects. In Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE (Vol. 9 No. 1 pp. 598-605). Faculty of Management Academy of Economic Studies Bucharest Romania.

  • Ghilea R. (2017). Alarming marketing statistics. Only 12% of Romanian companies advertised online. Retrieved online:

  • Ghinea V.M. and Bratianu C. (2012). Organizational culture modelling. Management & Marketing. Challenges for the Knowledge Society Vol.7 No. 2 pp. 257-276.

  • Gordon T.J. (n.d.) The Delphi method The millennium Project. Retrieved from:

  • Hadad S. (2015). Analytic hierarchy process analysis for choosing a corporate social entrepreneurship strategy. Management & Marketing Vol. 10 No. 3 pp. 185-207.

  • Hadad S. (2017). “Knowledge economy: Characteristics and dimensions” Management Dynamics in the Knowledge Economy Vol.5 No. 2 pp. 203-225.

  • Hadad S. (2017). Business Digitization in the Romanian Economy in the Proceedings of Strategica. Shift. Major challenges of today's economy.

  • Herciu M. Ogrean C. (2011). Interrelations between economic freedom knowledge economy and global competitiveness – comparative analysis Romania and EU average Studies in Business and Economics Vol. 6 No. 2 pp. 46-59.

  • Holford J. Cort P. Larson A. Melo S. Studena I. and Tota P.M. (2015). Public policies support lifelong learning among company employees. LLLightinEurope Research Consortium Friedrichsafen

  • Hsu C.C. and Sandford B.A. (2007). The Delphi technique: making sense of consensus. Practical assessment research & evaluation Vol. 12 No. 10 pp. 1-8.

  • INSSE. (2017) Professional schools Retrieved from

  • Iosip F. (2017). In two years all school units will have Internet and surveillance cameras Retrieved from:

  • Lang T. (1994). An overview of four futures methodologies. Retrieved from:

  • Marin I. (2015). Human resources insights regarding Romanian SMEs. Proceedings of the 9th Intenrational Management Conference “Management and Innovation for Competitive Advantage” November 5-6 Bucharest Romania pp. 606-613.

  • Miron D. Dima A.M. and Vasilache S. (2010) Models of The Intra-Regional Trade Influence On Economic Sustainable Development In Romania Amfiteatru Economic Vol. 12 No. 27 pp. 27-35.

  • Motoiu E. Pavel O.A. and Lakatos E.S. (2016). A brief quantitative analysis of clusters from the creative industry in Romania. Review of Applied Socio-Economic Research Vol. 11 No. 2 pp. 57-66.

  • Murry J.W. and Hammons J.O. (1995). Delphi: A versatile methodology for conduction qualitative research. The Review of Higher Education Vol. 18 No. 4 pp. 423-436.

  • Nonaka I. and Takeuchi H. (1995). The knowledge-creating company: How Japanese companies create the dynamics of innovation. Oxford University Press Oxford.

  • OECD (1996). The knowledge based economy. Retrieved from

  • Ogrean C. Herciu M. and Belascu L. (2010). From technological readiness to business sophistication through ICT applications Research in Business and Economics Journal Vol. 2 No.1 pp. -.

  • Popa A.E. (2013). Premises of knowledge based economy in Romania Proceedings of the International Management Conference Faculty of Management Academy of Economic Studies Bucharest Romania Vol. 7 No. 1 pp. 565-573.

  • Saaty T. L. (2008). Decision making with the analytic hierarchy process. International journal of services sciences Vol. 1 No. 1 pp. 83-98.

  • Skrodzka I. (2016). Knowledge-Based Economy in the European Union–Cross-country Analysis. STATISTICS Vol. 17 No. 2 pp. 281-294.

  • Veugelers R. and Mrak M. (2009). The Knowledge Economy and Catching-up Member States of the European Union Report prepared for Commissioner’s Potocnik’s Expert Group “Knowledge for Growth” May

  • Waretin M. Sugumaran V. and Bapna R. (2001). E-knowledge networks for inter-organizational collaborative e-business. Logistics Information Management Vol. 14 No. 1/2 pp. 149-162.

  • Whitaker R. (2007). Validation examples of the analytic hierarchy process and analytic network process. Mathematical and Computer Modelling Vol. 46 No. 7 pp. 840-859.

  • World Bank (2009 2012). Measuring Knowledge in the World’s economies Knowledge for Development Retrieved from

  • World Bank

Cited By
Gesamte Zeit Letztes Jahr Letzte 30 Tage
Abstract Views 0 0 0
Full Text Views 361 202 9
PDF Downloads 262 187 5