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The Restructuring of Romania's Economy - 9780275956943

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Estado
Nuevo: Libro nuevo, sin usar y sin leer, que está en perfecto estado; incluye todas las páginas sin ...
Book Title
The Restructuring of Romania's Economy
ISBN
9780275956943

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Given the political, financial, social and economic conditions inherited from Communist rule, Romania's new government concluded that a shock therapy approach to reform would create unmanageable chaos and enduring instability. Though committed to economic liberalization, decisionmakers espoused a gradualist approach to economic reform. The government pursued its objectives by implementing policies it considered functionally operational. Although Romania experienced the macro dislocations and downturns that are common in transitional economies in the region, the country sustained shallower recessions, lower inflationary spirals and shorter production losses than many reforming economies. This study analyzes how, against calculated probabilities and within a relatively short time period, Romania has stabilized and assembled all the basic ingredients for a successful transformation from a centralized system to a market-driven economy. The lessons derivable from Romania's relatively successful experiment with systemic transformation could be beneficial to reform architects in all newly liberalized economies in Eastern Europe. The conclusions of this study reinforce the view that it is imperative to examine and foster the existing preconditions, including political, institutional, and financial components, before subjecting an economy to extensive and intensive shocks that could be judiciously mitigated or circumvented. Unlike other newly liberalized economies in Eastern Europe, where the once disgraced Communists have returned to power, sympathy for a centralized system has been steadily and swiftly declining in Romania. The primary factor in Romania's success, the author claims, is its circumspect approach to reform.

Product Identifiers

Publisher
ABC-Clio
ISBN-13
9780275956943
eBay Product ID (ePID)
88170551

Product Key Features

Subject
Economics, History
Publication Year
1997
Number of Pages
248 Pages
Publication Name
The Restructuring of Romania's Economy: a Paradigm of Flexibility and Adaptability
Language
English
Type
Textbook
Author
Raphael Shen
Format
Hardcover

Additional Product Features

Country/Region of Manufacture
United States
Title_Author
Raphael Shen

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Certifico que todas mis actividades de venta cumplirán todas las leyes y reglamentos de la UE.
Número de IVA: GB 976952259
Remito facturas con el IVA desglosado aparte.
CRN: 06687355
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