The Illusion of Capitalism in Romania

Cârlescu, Ştefănel; Silav, Ionuţ
May 2011
Proceedings of the Annual Academic Conference of the Griffiths S;2011, p145
Conference Proceeding
After 21 years since changing the economic system, when you might say that it has reached the full maturity of an adult, it requires an analysis of the situation in Romania. Since the 90s until 2011 there have been a lot of characters in the leadership of Romania, some of them competent, others controversial, and thus their decisions influenced the county's situation. But this is about capitalism and it is not normal to discuss only about Government and Parliament, but also about the business environment or civil society. If it would be addressed the following question to some specialists or to the people on the street: Is there capitalism in Romania?, probably it would be displayed 21 million of different opinions. Some are nostalgic after communism, others excited by the new system in which they built empires worth millions of Euro. In addition, Europe and even USA migrated to a more socialist economy, and Romania is only a wagon in this gear. Education suffered different changes, the demographic structure, the stock exchange connected to the entire world, technology changed the life of people around the globe, the adhering at European Union, the free circulation and, of course, the extremely complex phenomenon called globalization influenced the local economy. This essay aims to bring in attention and to analyze some of the components of the system, in the understanding limit of a student as young as the democracy and capitalism in Romania. The conclusions are that there are still a lot of reforms to be accomplished to strive for a truthful capitalism.


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