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Crestere economica, acumulare ?i dezechilibre în România perioadei comuniste

Aurel Iancu and Florin Pavelescu ()

Studii Economice from National Institute of Economic Research

Abstract: The main economic results of the Romanian centralized planification and the dictatorial policy applied in Romania during the 1948-1989 period are analysed in this paper. During the first stage known as an extensive development, Romania was industrialized and almost the whole economic branches were modernized by a huge resource mobilization. In the circumstances of the obsession of high rates of growth, the heavy industry priority, the very high accumulation rates and the rejection of any elementary market mechanism, the socialist economic system was driven to a very deep and irreversible crisis.

Keywords: centralized planification; resource mobilization; high accumulation rates; heavy industry; extensive development; crisis of the economic system (search for similar items in EconPapers)
JEL-codes: B51 N14 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2018-04
New Economics Papers: this item is included in nep-his
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