The collapse of the state industry in Romania: between political and economic drivers
Author: Catalin Deacu
Deindustrialisation is one of the most complex and dynamic processes that have shaped the global economy over the past half century. This article aims to highlight the factors behind this process and their implications in the national state industry. In Romania, deindustrialization has profoundly marked recent history, after 1990, through the closure of hundreds of factories and the loss of over 2.5 million jobs. The process resulted in the rising of unemployment and of the crime rate and generated the phenomenon of poverty. The research results were obtained by studying the economic policies adopted by eight governments between 1990 and 2006. The study underlines that deindustrialization in Romania was a consequence of an accumulation of internal and external factors whose impact was amplified by the failure of government policies.
University of Bucharest, Romania
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