Iuga, PwC: Education System Flaws Cost Romania Several Percentage Points Of GDP

07.05.2011 By Tempea Ovidiu

The flaws of the education system cost Romania several percentage points of its gross domestic product and the economy lacks sufficient professional managers who are really necessary in a time when businesses are passed on from founders to their children, in which case the failure rate reaches 70%, said Vasile Iuga, country managing partner of PricewaterhouseCoopers (PwC).

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Keywords:
PWC
, EDUCATION
, GDP