Deindustrialization and Reindustrialization in Romania Economic Stra

This book analyses the multidimensional condition of the Romanian industrial landscape, which played host to a multitude of demo-economic, financial, trade, and trans- and inter-sectoral development practices before the intense period of European deindust

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LUMINITA CHIVU, CONSTANTIN CIUTACU AND GEORGE GEORGESCU

Deindustrialization and Reindustrialization in Romania “The depth and rigor of this work shows that the Romanian economy has specialists capable of offering a clear, precise and useful diagnosis of the weaknesses, strengths and possibilities of Romanian industry from its origins to its present and future. Luminita Chivu, Constantin Ciutacu and George Georgescu, with the support of Romanian Academy, not only describe reality but also provide alternative guidelines that will serve planners, international investors and European and global governance bodies.” — Jaime Gil-Aluja, President of the Royal Academy of Economics of Spain and author of “Towards an Advanced Modelling of Complex Economic Phenomena” “The lack of industrial policy in the U.S.A. contributed mightily to the rise of Trumpism, which demonstrates the dangers posed by globalization without thinking creatively about the powerful structural and redistributive forces it unleashes. This valuable case study establishes the foundational principles of such policies for Romania with universal implications. Policy makers keen on helping to establish a decent quality of life with a stable political system can disregard these recommendations only at their peril.” — John Komlos, Professor Emeritus, University of Munich and author of “What Every Economics Student Needs to Know”

Luminiţa Chivu • Constantin Ciutacu George Georgescu

Deindustrialization and Reindustrialization in Romania Economic Strategy Challenges

Luminiţa Chivu National Institute for Economic Research “Costin C. Kirițescu”, Bucharest, Romania

Constantin Ciutacu National Institute for Economic Research “Costin C. Kirițescu”, Bucharest, Romania

George Georgescu National Institute for Economic Research “Costin C. Kirițescu”, Bucharest, Romania

ISBN 978-3-319-65752-3    ISBN 978-3-319-65753-0 (eBook) DOI 10.1007/978-3-319-65753-0 Library of Congress Control Number: 2017957569 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied,