Competitiveness and Sustainability – a Modern Economic Approach to the Industrial Policy

V. A. Popescu, Commercial Academy of Satu-Mare and Bucharest University of Economic Studies, Romania Gh. N. Popescu, C. R. Popescu, Bucharest University of Economic Studies, Romania The paper focuses on competitiveness and sustainability in the context of a modern economic approach to industrial policy, presenting a case study on Romania. The paper shows the challenges of the globalized economy on its industrial sector, by focusing on the first step: deindustrialization, the second step: re-industrialization, and, in the end, the third step, the return to industry, by emphasising new approaches to industrial policy. In the context of Romania’s national development strategy in line with “Europe 2020 Strategy” Government directs its attention to shaping economic development with active and responsible measures for the society.