Laurenţiu RADU, General Data Regarding the Sustainable Development of the South-West Oltenia Region

Laurenţiu RADU
3rd Degree Scientific Researcher, PhD, “C.S. Nicolăescu-Plopşor” Institute for Research in Social Studies and Humanities from Craiova, of the Romanian Academy;
E-mail: xpatrick2013@yahoo.com

Abstract
This study will analyze the potential development and problems facing South-West Oltenia. There is conclusive evidence that the imbalances at the level of counties and regions create a huge gap which can slow down the pace of economic growth. Opportunities for businesses highlight the importance of SMEs in generating jobs. Another aspect is the research and development sector where investments are needed for developing and fostering entrepreneurial mindsets. Further on, this study reflects the importance of tourism, which, aligned to national objectives, helps the region’s sustainable economic development.

Keywords
economic potential, economic development, development region, small and medium-sized enterprises (SMEs), tourism.