How could Romania improve its GDP?

Answer 1

Only by hard working !

The GDP, or Gross Domestic Product, is the sum total of all goods and services produced in a country in a year. So your question could as well be stated at "What could lead to a rise or increase in the total of all goods and services we produce or create".

Lets look at what creates goods and services. There are four inputs of production,, they are Land, Labor, Capital and Entrepreneurial Spirit.

Some of the things that will increase our GDP then would be an increase in any of these inputs. Lets look at each and see how to stimulate or increase each:

Land - How can we increase land? buy it, take it from the sea, or make it productive.

Labor - work harder (more overtime), add people to the labor market (immigrants or women for example).

Capital - meaning money or means of production, like a factory or a machine - make it easier to borrow money, lower interest rates,

Entrepreneurial Spirit - encourage new ideas, make it easy to start a business, eliminate red tape and regulations, lower taxes, make it easy for a business person to hire and create jobs.

Answer 2

In the last 25 years of "rules of democraty" imposed by EU the industry of Romania was practically destroyed.