Human Capital and Romania’s Perspective in the EU

Abstract

The source of improving people life standard depends, alongside other factors, on efforts oriented towards education, research, and knowledge enrichment. It is also related to development and dissemination of high performance technology, with knowledge development, skills and abilities, professional training able to realize, disseminate, and use innovation. However, these investments in human capital will lead to good results by extending the active life of skilled workers, by improving the general health status of the population, by preserving the environment, by improving food products quality. All these are the more valid for Romania’s economy, the more it needs to be integrated in the Western European area, which is a highly competitive area. Or, relative sub-investment in autochthonous human capital might force our country to develop comparative advantages in border fields from the point of view of productivity, to specialize in fields that intensively use raw materials, to turn into a low paid labour market.