ROMANIA, THE POOR RICH COUNTRY

Daniela Mihaela Neamtu ()
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Daniela Mihaela Neamtu: Stefan cel Mare University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2018, vol. 18, issue 1(27), 92-101

Abstract: Starting with the 20th century, in Romania, an industry that was to perform, especially during the communist regime, became increasingly strong. The role of industrialization was to turn Romania from a rather agrarian country into a country with an industrial profile. We can say that the communist period was marked by a forced industrialization, which even created an industrial tradition that characterized the centralized economy of the country. Twenty-six years ago, the entire industry was wiped out, and only now our country is considered a Western competitor. Otherwise, we could not export Romanian products to Western countries. Only now people try to recreate the phrase "Made In Romania", a shadow of what was once. Today, after the period of the communist regime characterized by strong industrialization, Romania has become a powerful trade center. This research aims to highlight the evolution of trade activity in Romania, starting with the issue of de-industrialization of Romania and subsequently with the transformation of Romanian economy into a tertiary one, accompanied by the simultaneous development of the economy based on consumption. This article aims to analyse the dynamic evolution of Romania from an industrial perspective, to go through all the stages of evolution for a better understanding of the country's special industrial environment, but at the same time it aims to analyse Romania's dynamic attempt to become a functional body.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:18:y:2018:i:1(27):p:92-101

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