Romania’s Odyssey to OECD Membership: A Journey of Progress and Promise
No. 47, May-Jun. 2024 Romania’s path to OECD accession and its development are examined in this article, which also presents the stages followed and conformity with the organization’s standards. Romania encountered difficulties throughout the accession process, its enacted reforms and fulfilling the technical requirements for membership. Key stages are highlighted: submission of the initial memorandum, the 2024 economic study, roadmap acquisition, and obtaining the first formal notice. Additionally, the article discusses the benefits of Romania’s OECD accession, reflecting on the ongoing efforts required for successful integration. It focuses on the broader context of the 2022 enlargement wave and emphasizes the significant role of democratic institutions in meeting OECD standards. It underscores the need for improving the educational system and internal challenges within the investment environment. The conclusion highlights how crucial it is to keep an eye on political and economic trends throughout the world in order to adjust plans accordingly, guarantee Romania’s preparation for OECD membership, and integrate Romania into international governance frameworks. More
