W-E have the solution Team name : W-E Consultants Team leader: Andrei Stoica Team members: Daniela Preda, Bogdan Radoi Country: Romania School: Bucharest Academy of Economic Studies February 27 2013Wednesday, February 27, 13
Companies and competitiveness of Eastern Europe The graph shows the gap between Western and Eastern European countries . The Western Europe is characterized of high levels of productivity, while in the East these levels are compensating with low costs of labour force. Eastern Europe is dominated Source: World Economic Forum - The Europe 2020 Competitiveness Report - Economy based on imitation - Low operational costs that can attract foreign investors - Excellence in exports (even during the ﬁnancial crisis - Hungary, Slovakia were able to increase their export rate) - EE fulﬁlls the basic requirements such as health an primary education - High share of people working in agriculture (Poland, Serbia, Romania,Bulgaria) but Source: World Economic Forum - Data Platform also in industry (Slovakia, Czech Republic, Russia) February 27 2013Wednesday, February 27, 13
An European growth model 1. Deepen the single market Modern services: Facilitate trade in digital services Increase internal labor mobility 2. Widen regional economic integration Modern services: Crisis-proof ﬁnancial ﬂows in Europe Productivity growth: Facilitate production networks Align business regulation with a common market Improve public service delivery 3. Streghten global economic leadership Modern services:Address private debt overhang Productivity growth: Create world class innovation systems Expand private funding of tertiary education Reform(external) immigration policies Demographic trends: Reassess employment-protection laws Reform social security Reduce ﬁscal deﬁcits and public debtWednesday, February 27, 13
Interview findings: EE should focus on education, R&D and agriculture EE Weaknesses EE Opportunities 1. educated labour force characterized by high professional 1. access to ﬁnancing aspirations 2. corruption 2. high literacy rate 3. inefﬁcient government bureaucracy 3. government incentives & incentives related to EU funding (if 4. tax rates and regulations applicable) 5. inadequate supply of infrastructure 4. cost advantage 6. policy instability 5. agricultural & natural resources potential 6. tourism Focus industries - agriculture - IT - green energy - engineering - R&DWednesday, February 27, 13
Interview findings: Education & Research the most important Type of companies that should emerge: 1. highly innovative research hubs 2. multinational energy companies with a focal point on a green & sustainable energy 3. high tech IT companies established in the cloud 4. ultra specialized small - medium companies centered on speciﬁc areas of agriculture 2022 jobs: 1. teacher, scientist 2. energy engineer, 3. programer, safety cloud expert 4. agronomic engineer, food researcher,Wednesday, February 27, 13
Vision of a future company We envision 4 types of companies that will emerge by 2022 ✤ highly innovative research hubs ✤ multinational energy companies with a focal point on green & sustainable energy ✤ high tech IT companies established in the cloud ✤ ultra specialized small-medium companies focused on speciﬁc areas of agricultureWednesday, February 27, 13
a. highly innovative research hubs Characteristics: ✤ size: small size or attached to regional corporations ✤ ownership: private equity, shares belonging to different companies/ multinationals that would get involved in the same type of innovation research ✤ the most important department would be research&development ✤ values: sense of fairness, social impactWednesday, February 27, 13
b. multinational energy companies with a focal point on green & sustainable energy Characteristics: ✤ size: big & mergers between different energy companies (oil, gas). also collaborating with research hubs and labs ✤ the most important department would be energy reengineering ✤ values: sense of responsibility, environment protectionWednesday, February 27, 13
c. high tech IT companies Characteristics: ✤ size: big companies based on IT cloud system ✤ the most important department would be IT & cloud security ✤ values: sense of responsibility, environment protection, informationWednesday, February 27, 13
c. ultra specialized small-medium companies based on agriculture Characteristics: ✤ small companies specialised on different areas of agriculture ✤ the most important department would be agronomic research, nutrition ✤ values: sense of responsibility, environment protection, healthWednesday, February 27, 13
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