The Romanian Economy Since 1989. Liberalization, Stages of Development, and the Role of the European Union

Anca Dachin ()
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Anca Dachin: Bucharest University of Economic Studies, Department of Economics and Economic Policies

A chapter in Politics and Society in Romania, 2025, pp 217-234 from Springer

Abstract: Abstract The chapter begins by analyzing Romania’s transition from a planned to a market economy and its economic development since then. It shows that economic policy during the transition was characterized by few solutions, stagnation, and socioeconomic challenges. EU accession, with the resulting funding and access to the single market, was interpreted as promising. However, the resulting economic progress did not address the country’s long-term structural weaknesses. A comprehensive analysis of macroeconomic, sectoral, and investment policies provides an overview of the remaining challenges and strengths of the Romanian economy.

Keywords: Economy; Romania; Liberalization; Transformation; EU single market; EU funding; EU (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:socchp:978-3-658-49515-2_13

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DOI: 10.1007/978-3-658-49515-2_13

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