The study is based on the critical observations that the competitive market forces alone are not able to assure the convergence with the developed countries. 

The study defines the three types of convergence – institutional, nominal and real ones –, the connection among them and their main measurement indicators. 

This study offers from the beginning a survey about the institutional construction in the pre- and post-adhesion stages to European Economic and Monetary Union, about the exchange rate mechanism applied by the different countries and about convergence criteria.

Romanian Abstract: Cea de a patra revoluție industrială, caracterizată prin proliferareaenergiilor verzi, prin impactul deosebit al Internetului, extinderea robotizării,biotehnologiilor, nanotehnologiei, microeletronicii, materialelor avansate, prin apariția șiextinderea rapidă a...

The concept of life cycle stages has a significant impact upon business strategy and performance. 

In a globalizing world, defined by fierce, ever increasing competition, the relocation of services became not simply necessary, but vital for companies and imperative for further fostering their competitiveness.

Irrespective of their size, companies seem to be more efficient when they compete with one another, and more creative when they co-operate. 

The paper mainly aims at defining strategic industries, establishing selection criteria and pointing out opportunities for the implementation of policies specific to market economies for promoting these industries.