Abstract
The concept of “transition economy” emerged two decades ago, with the changes in political regimes in Central and Eastern Europe. It has generated a number of analysis and investigations in all fields, while people have associated it with the economic and social difficulties which had to be faced in order to reach a better standard of living, offered by the “saving” market economy. Although everyone—experts and laymen—hoped it would be a short transition, the social, economic and political events, both domestic and international, have extended the period of uncertainty, the spectacular changes of economic pace and the institutional reforms. All these have prompted us to seek the answer to the question: When will Romania’s transition to a truly functioning and wealth generating market economy have been completed (or when it will be completed)?
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Notes
- 1.
Organisation for European Economic Cooperation (OEE)—came into being on 16 April 1948, to continue work on a joint recovery programme for Europe and in particular to supervise the distribution of aid. In September 1961 the OEEC was superceded by the Organisation for Economic Cooperation and Development (OECD), a worldwide body.
- 2.
The BTI is a global assessment of transition processes in which are evaluated the state of democracy and market economy as well as the quality of political management in 128 transformation and developing countries.
- 3.
The other values of BTI for Romania are: Status Index—8.17 (rank 16), Political Transformation—8.55 (rank 14), and Management Index—6.35 (rank 23).
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Șoproni, L., Horga, I. (2015). Economic Transition in Romania: A Completed Process?. In: Katsikides, S., Koktsidis, P. (eds) Societies in Transition. Springer, Cham. https://doi.org/10.1007/978-3-319-13814-5_5
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