MODELS AND FUNDING SOURCES FOR ECONOMIC REVIVAL. CASE STUDY: SUCEAVA

Abstract

Economic development is a nonlinear process. Intense economic activity in a given region can be followed by periods of poor growth or even by decline in the economic activity.

Numerous and diverse factors affect the rate of economic growth of an area / region. Such factors are related to:

• global economic background (events and influences from abroad)
• moves and decisions at EU level
• events and decisions at national level (institutional decisions of national impact)
• regional or local influences
• European, national, regional and/or local priorities

Suceava is one of the least developed regions in Romania. Despite the fact that, as far as the population is concerned, the county tops among the first, in terms of living standard and economic activities Suceava is at the bottom of the ranking.

This analyse shows that there is a potential in terms of human resources available in the area. It is supposed that, in the case of a private employer, there is a balance between what the employees offer and the salary they get. Starting from this premise, it results that people in the area can offer value, and, if they get the chance, we can assume they will produce even higher value.