A SWOT Analysis of Romanian Extractive Industry and Re-industrialization Requirements of this Industry

In this paper we have tried to achieve a dynamic portrait of Romanian extractive industry after 1989 to date, the current state of the sector (through well-balanced SWOT analysis), and to emphasize the role and importance of this industry in the development of Romanian society. Our research followed the technological developments and socio-economic characteristics transformations at both national and international level, and analyzed the different sectors of this industry in terms of development and its evolution over time (for natural gas, coal, iron ore, ferrous and non-ferrous minerals). For each of these resources several topics have been analyzed, such as: structural changes and developments in reserves, production capacity, production extracted from each resource deposit, labor force, etc. These outcomes will allow to analyze the extractive industry outlook in the economic context in general, and the energy sector in particular, to identify re-industrialization requirements for this industry, and to shape up the industrial policy elements that support and boost the re-industrialization process (these latest issues will be further discussed in our future research).