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THE INDUSTRIAL DEVELOPMENT IN POLAND AND ROMANIA IN THE LAST 100 YEARS. THEORY OF PATH DEPENDENCY

Ivanov Laurentiu
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Ivanov Laurentiu: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES

Annals - Economy Series, 2016, vol. 2, 160-169

Abstract: The present economic crisis has highlighted a country in transition to a market economy, which has not experienced economic recession: Poland. The Polish experience cannot be overlooked because the country‘s positive economic evolution was completely different from the evolution of the largest European economies, many of them facing distressful situations for long periods of time. The question to be addressed in this paper is „Could the present economic realities be partially influenced by the historical evolution of a country? “ The theory of path dependency is rooted in economic history, but it has a relevant contribution latest from Paul David (1985) which explains excellent the existing gap of economic development existing between Western Europe and Central and Eastern Europe, highlighted by the GDP / capita over the last 200 years. Regarding this theory, the present paper will highlight the industrial developments in Romania and Poland in relation to developed countries for the period 1918 to present and will conduct a comparative analysis between the two countries. The conclusions of the present study will be a part of my doctoral research.

Keywords: Industry; economic development; comparative analysis; Romania; Poland; path dependency (search for similar items in EconPapers)
Date: 2016
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