Book Review: The Changing Business Landscape of Romania
The transition of Romania’s economy from a centralized economic system to another one (such as the market economy) did not take place instantly, when the political orientation changed since 1990. In addition to political will, this process also requires time to enable the creation of specific law...
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| Format: | Article |
| Language: | English |
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Academy of Economic Studies of Bucharest
2014-02-01
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| Series: | Amfiteatru Economic |
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| Online Access: | http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=1277 |
| Summary: | The transition of Romania’s economy from a centralized economic system to another one
(such as the market economy) did not take place instantly, when the political orientation
changed since 1990. In addition to political will, this process also requires time to enable
the creation of specific laws and establishments,
the adaptation of people to the new system and the
creation of a business environment appropriate to a
market-regulated economy. Against this new
backdrop, competition has heated up, the proper
operation of organizations depends directly on their
managers’ skill, and the rules of the game have
changed radically by contrast with those of the
centralized system wherein Romania’s economy
operated before 1990. Consequently, it was
necessary to implement a complete restructuring of
the way in which businesses were being conducted.
This required new competences, attitudes and
know-how. The academic community also needed
time and sustained effort to accustom itself to the
western management system peculiar to the market
economy. |
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| ISSN: | 1582-9146 2247-9104 |