Romania: comparative advantage in foreign trade and the achievement of a solid catchingup growth in the future

Nicolae Nistorescu
Additional contact information
Nicolae Nistorescu: Institute for World Economy

Romanian Economic Business Review, 2006, vol. 1, issue 2, 54-57

Abstract: The systemic transformation from centrally planned system to market economy in Romania began 16 years ago. The market–oriented reforms involved a radical change of economic policies. The list of these changes is extremely large but the proposed prescription of systemic transformation has established at least six key policy measures: macroeconomic stabilization; internal liberalization; removal of restrictions on trade and foreign direct investment-the so called external liberalization; privatization of state owned enterprises; development of a new private sector; establishment of a market supportive legal framework. The outcome of Romania’s economic performance during transition remains until now somewhat puzzling.

Keywords: Romanian economy; comparative advantage; economic transformation; market economy (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/journl/SU06/REBE-SU06-A8.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:1:y:2006:i:2:p:54-57

Access Statistics for this article

More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().