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Preparing for OECD – Responsible Reforms and Policies


Joining the OECD and embracing its values, especially in the current context, will allow Romania to achieve a better alignment with the OECD motto: “better policies, better lives”/ The preparation for accession is not an easy task, but Romania will benefit from the advantage of international expertise, which must be accompanied by

Economic Challenges in the Context of Convergence


The economic crisis showed us that pro-cyclical policies, which Romania was also seduced by, make the recovery more painful. This is why it is important to discuss openly if and why is it worth creating big deficits exactly when the economic situation is good, instead of preserving fiscal space for “hard times”, when the economic expansion will be exhausted.

Responsible Economic Policies and Sustainable Growth


The Romanian economy is currently facing a context circumscribed to 3 post-stages: post-transition, post-EU accession, and post-crisis. These open a “new beginning” from an economic and institutional point of view. In this respect, a new development model must give up at least several illusions: first, the illusion that prosperity can be built on economic deficits and public debt, or on

Public Governance Scan of Romania: OECD Report


In the past 26 years, the economy and the society suffered changes, evolutions, modernisation but, unfortunately, the public sector is the one that was probably reformed the least, and the arguments are not at all difficult to infer. In post-communist Romania there was no profound, systemic interest to assess and redesign public administration, from top to

US Trade Winds Forum – Romania, 2017


Romania must become a country where success is based on fairness and performance, not on favours and political connections. It is time for Romania to make the step beyond the minimal standards of a functioning market economy. It is time to become a consolidated market economy. In this regard, Romania needs to provide stability and economic policy predictability,

Cosmin Marinescu
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