Romania the Imperative of Competitiveness Presentation by Owaise Saadat Country Manager World Bank Romania Office December 2, 2004 National Institute of Economic Research

"You can fall asleep to dream or you can dream to change the world" Frantz Fanon, (1925-1961) 2

Growth Competitiveness Index (GCI) rankings and 2003 comparisons

Country Tables according to Doing business in 2005 report

Benchmarking—Employment Regulation Europe and Central Asia Region —Compared to Global Best

Benchmarking— Registering Property Europe and Central Asia Region —Compared to Global Best

Benchmarking—Legal Rights Indicator Europe and Central Asia Region —Compared to Global Best

Benchmarking—Contract Enforcement Europe and Central Asia Region —Compared to Global Best

Benchmarking—Bankruptcy Europe and Central Asia Region —Compared to Global Best  

Paradigm Shift in Thinking 11

PRECONDITIONS FOR CHANGE Is there sufficient tension to motivate people to change? Are people receptive to new ways of doing things? Is there knowledge necessary to change available? Does the leadership have a clear and compelling moral purpose? Is the leadership capable of facilitating change?  12

A message until we meet next! " The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify for those brought up as most of us have been, into every corner of our minds" John Maynard Keynes (1936)