SIGNIFICANT FIGURES ABOUT ROMANIA’S ECONOMIC HISTORY

Abstract

Romania is one of the countries that everyone should know to point on the world map. In this paper, figures will be those who will talk about the market, the transition, the crisis, the pandemic, and the crisis again. Opposed to other European countries, Romania was one where the policies have been taken for the sake of time and the development delayed to occur. Currently, Romania can boast with a weak market established, a market-oriented to the Europe or America than to the southern market who is closer and more similar to us. The transition in Romania is like a diamond with lots of facets: political, legal, economic and social ones. Unfortunately not everybody doing the political jump was able to recognize the value of that diamond. The first negative impact lasted three to five years. Once the glimpse started, a relative recovery was lightly designed to create a new system of economic, socio-political and cultural networks and relations; the big advantage was to base it democracy principles and competition and open market mechanisms.

Keywords

• transition
• romania
• crisis
• philips curve