Out with the old

Article Type: News From: International Journal of Productivity and Performance Management, Volume 57, Issue 7

New and efficient companies entering the market and inefficient companies leaving it is the main way Romania may improve its productivity, said World Bank economist Paloma Anos Casero recently. There is also a need to move the labour force from low productivity companies to high productivity companies.

He went on to expand … “Romania’s priorities for productivity increase must be the promotion of innovations and the elimination of barriers between new and productive companies entering the market and the exit of old and morally obsolete companies”.