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Explore the potential for Romania's economic convergence with EU nations through in-depth analysis and comparisons with earlier accession countries. Learn about fast convergence possibilities, challenges, and strategies for sustainable growth.
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Prospects for Romania’s convergence Perspectives from EU countries with earlier accession Guillermo TOLOSA Resident Representative for Romania and Bulgaria International Monetary Fund
Fast convergence is possible, butnot a given GDP per capita; cumulative percentage change as % of Euro area The price of populism Source: World Bank, World Development Indicators
The crisis made it harder, raising stakes for policy Income levels relative to advanced economies Percent of advanced economies GDP per head at PPP Source: WEO
Convergence opportunities - Manufacturing Spain Portugal Ireland Romania Source: AMECO database
Convergence opportunities – Foreign investment has room to recover Spain Portugal Ireland Romania Source: World Bank, World Development Indicators
Convergence opportunities – Untapped labor force Employment in agriculture (% of total employment) 2013 Source: World Bank, World Development Indicators, Eurostat
European Convergence, GDP per capita in PPP, as % of EU *Greece - Only data from 1980 onwards available Source: World Bank, World Development Indicators