The Restructuring Of Romanias Economy
Download The Restructuring Of Romanias Economy full books in PDF, epub, and Kindle. Read online free The Restructuring Of Romanias Economy ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Raphael Shen |
Publisher | : Praeger |
Total Pages | : 0 |
Release | : 1997-11-20 |
Genre | : Business & Economics |
ISBN | : 0275956946 |
Given the political, financial, social, and economic conditions inherited from Communist rule, Romania's new government concluded that a shock therapy approach to reform would create unmanageable chaos and enduring instability. Though committed to economic liberalization, decisionmakers espoused a gradualist approach to economic reform. The government pursued its objectives by implementing policies it considered functionally operational. Although Romania experienced the macro dislocations and downturns that are common in transitional economies in the region, the country sustained shallower recessions, lower inflationary spirals, and shorter production losses than many reforming economies. This study analyzes how, against calculated probabilities and within a relatively short time period, Romania has stabilized and assembled all the basic ingredients for a successful transformation from a centralized system to a market-driven economy. The lessons derivable from Romania's relatively successful experiment with systemic transformation could be beneficial to reform architects in all newly liberalized economies in Eastern Europe. The conclusions of this study reinforce the view that it is imperative to examine and foster the existing preconditions, including political, institutional, and financial components, before subjecting an economy to extensive and intensive shocks that could be judiciously mitigated or circumvented. Unlike other newly liberalized economies in Eastern Europe, where the once disgraced Communists have returned to power, sympathy for a centralized system has been steadily and swiftly declining in Romania. The primary factor in Romania's success, the author claims, is its circumspect approach to reform.
Author | : Luminița Chivu |
Publisher | : Springer |
Total Pages | : 274 |
Release | : 2017-10-26 |
Genre | : Business & Economics |
ISBN | : 3319657534 |
This book analyses the multidimensional condition of the Romanian industrial landscape, which played host to a multitude of demo-economic, financial, trade, and trans- and inter-sectoral development practices before the intense period of European deindustrialisation. The authors stress the need to recognise the economic importance of industry and renewed investment in infrastructure, tracing its impact on GDP, growth and labour productivity. With a focus on R&D, technological innovations and government funding, this volume highlights a strategy for the reindustrialisation, with consistent enablers, of Romania that can also be applied to other EU countries to ensure positive economic development in the context of new European and international policies. Awarded the prize for best book in Economics published in the academic year 2017-2018 by the Romanian Association of Economics Faculties (AFER).
Author | : John S. Earle |
Publisher | : |
Total Pages | : 48 |
Release | : 1996 |
Genre | : Labor market |
ISBN | : |
Author | : Ilie Șerbănescu |
Publisher | : |
Total Pages | : 336 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : |
Ilie Serbanescu, a distinguished economist, launches a comprehensive study of the contemporary Romanian economy and its problems. He critically evaluates Romanian transition and the main issues facing the stability of the Romanian economy, and then proposes solutions to be undertaken by the Romanian government.
Author | : UNDP-World Bank Trade Expansion Program |
Publisher | : |
Total Pages | : 204 |
Release | : 1994 |
Genre | : International trade |
ISBN | : |
Author | : M. C. Isărescu |
Publisher | : |
Total Pages | : 156 |
Release | : 2000 |
Genre | : Romania |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 180 |
Release | : 2003 |
Genre | : Economics |
ISBN | : |
Author | : Alice Hoffenberg Amsden |
Publisher | : Harvard University Press |
Total Pages | : 270 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : 9780674549838 |
With close attention to the history and institutional realities of the region, The Market Meets Its Match explains the failure of the simplistic market medicine administered in the first five years of transition. Merely "getting the prices right"--Lowering wages and raising interest rates and energy prices - won't improve competitiveness, the authors argue, as long as nonlabor costs such as the quality of goods, product design, outmoded technology, and inefficient distribution channels remain problems. Easing these bottlenecks requires long-term capital accumulation and profit maximization. The institutions necessary for such growth have not developed under Eastern Europe's new "pseudo-capitalism," as the authors demonstrate, and "pseudo-privatization," while distributing state property to citizens, has not provided them with the capital and technology they need to succeed.
Author | : Perju Genoveva |
Publisher | : Babelcube Inc. |
Total Pages | : 226 |
Release | : 2019-12-15 |
Genre | : Business & Economics |
ISBN | : 1071525433 |
Priorities in negotiating Romania's accession to the European Union by Prof. ec. Dr. Genoveva-Elena period Priorities in negotiating Romania's accession to the European Union The competitiveness of the Romanian exports has improved both as a result of the restructuring of the economy and the devaluation of the currency. The example of industrial production is illustrative. Production of the processing industry decreased by 8% in 1999 compared to 1998, its share in exports increasing from 30.7% to 35.1% and the export growth rate was 5.9%. The main effect was a reduction of the current account deficit. Overall, the current account deficit fluctuated, representing on average 5.2% of GDP. The budget deficit was difficult to control but it was achieved by applying the European Union's strictures. We can also talk about performance in terms of the level of external debt relative to the level of the external debt of the Union, which is at a higher level than other candidate countries. The labor market was affected by imbalances both in the ratio of the active and inactive population and in the employment rate. The population employed in agriculture owns about 40% of the total employed population. In addition, a large part of the population was affected by the poor (approximately 33.8%) population, especially in rural areas (40.5%). In such an internal and international framework marked by interdependencies with echoes internally from the Union or candidate countries, resolving divergent situations or removing obstacles to assuming obligations and arousing political will, the quality and experience of the negotiator can be considered decisive for further cooperation.
Author | : Shoichi Kojima |
Publisher | : |
Total Pages | : 34 |
Release | : 1993 |
Genre | : |
ISBN | : |