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ROMANIA – TO HAVE OR NOT TO HAVE ITS OWN DEVELOPMENT PATH?

Gabriela Bodea () and Aurelian-Petrus Plopeanu ()
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Gabriela Bodea: Faculty of Economics and Business Administration, Babes-Bolyai University of Cluj-Napoca
Aurelian-Petrus Plopeanu: Department of Interdisciplinary Research – Humanities and Social Sciences, Alexandru Ioan Cuza University of Iasi

CES Working Papers, 2016, vol. 8(2), issue 2, 221-237

Abstract: Human societies are evolving in sequences similar to a business cycle. The cause for which the evolution is accompanied by setbacks lies in the complexity of social systems, which, ab initio, cannot be designed or intended by any human mind, and the irrationality arising from limited rationality of economic actors. Therefore, the time shows similarities, but rarely identities. Rather, we can talk about chronological series of similitudes, of repeatable errors and adjustable patterns. Using qualitative research and the introspective analysis, we explore the pattern which the Romanian economy followed under the sign of global crisis. We found that Romania's economy doesn't have a problem with its path but with the way in which it follows the trend ideologically and historically. Also, we found out that the end of the crisis is not just following an ordinary path, but represents the chance for the economy to be re-equipped with weapons of competitiveness and honour in order to leave the current era of nihilism.

Keywords: crisis; path dependency; contagion; rationality; procyclicality (search for similar items in EconPapers)
JEL-codes: E58 G01 H12 (search for similar items in EconPapers)
Date: 2016
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