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A Seven Steps Strategy for Recovery – the Romanian Case

Amos Avny
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Amos Avny: Omnidev International, Israel

Annals - Economic and Administrative Series -, 2012, vol. 6, issue 1, 3-21

Abstract: The article discusses the current bad situation of the Romanian economy, as represented by eight World Bank's Development Indicators: GDP, GDP Growth, GNI per capita, Exports, Imports, Agriculture, Industry and Service. Nevertheless the crucial mistakes done during the past ten years, the author proposes a seven step strategy for recovering the economy. These seven steps are: (1) establishing a steady and capable government, (2) preparing and presenting a national vision with concrete goals, (3) enacting a balanced involvement of government in the economic life, (4) restoring investments in infrastructures, agriculture and local industries, (5) hedging against malicious effects of uncontrolled imports, (6) maintaining and running a sound financial establishment, and (7) rebuilding a competent social services framework. In addition, establishing a National compulsory service for school-leavers is discussed.

Keywords: economic recovery; malicious globalization; future development (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:but:anneas:v:6:y:2012:i:1:p:3-21