The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy

In the last decades, the academic debate on the origins of the economic gap between nations divided deeply historians, sociologists and economists as well. Dependencia theorists pointed exogenous causes for Latin American backwardness while the revisionists emphasized endogenous causes. Finished the...

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Main Author: Dan VELICU
Format: Article
Language:English
Published: Alexandru Ioan Cuza University of Iasi 2018-11-01
Series:CES Working Papers
Online Access:http://www.ceswp.uaic.ro/articles/CESWP2018_X3_VEL.pdf
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spelling doaj-6357547e20e14017ad62f4abba5e6bc52020-11-25T02:17:13ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932067-76932018-11-01103371395The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economyDan VELICU0Lecturer, PhD, at Nicholas Titulescu University, Bucharest, RomaniaIn the last decades, the academic debate on the origins of the economic gap between nations divided deeply historians, sociologists and economists as well. Dependencia theorists pointed exogenous causes for Latin American backwardness while the revisionists emphasized endogenous causes. Finished the Cold War and faced with new evidence, previous conclusions are far from being complete and final. There are different issues, which were superficially investigated, or they were sometimes entirely neglected. With the intention of transcending the two opposing currents of thought the present paper aims to synthetize all the accessible and collected data up today in Romania in order to analyze the impact of the markets’ integration in the nineteenth century. On one hand, the Romanian nineteenth century economy is a fertile field for study, because it transferred neither slowly nor quickly from a “world economy” to another, which permitted a short relatively autonomous development. On other hand, even Romania was object to various studies in developmental economics, the foreign researchers did not access important evidence, which can change the conclusions on the main topic. The paper will present the economic and social parameters outlined in early 1800 and how these will evolve at the pressure of the Western markets. It will also point that the markets’ integration generated two major trends as long-term tendencies: the increase of land price and the increase of the rate of interest. Both were impediment to a faster development of the Romanian society and in connection with other elements like the dysfunctionality of the state they will form a vicious circle of slow development.http://www.ceswp.uaic.ro/articles/CESWP2018_X3_VEL.pdf
collection DOAJ
language English
format Article
sources DOAJ
author Dan VELICU
spellingShingle Dan VELICU
The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
CES Working Papers
author_facet Dan VELICU
author_sort Dan VELICU
title The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
title_short The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
title_full The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
title_fullStr The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
title_full_unstemmed The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
title_sort vicious circles of development through dependence. an interpretation of the romanian nineteenth century economy
publisher Alexandru Ioan Cuza University of Iasi
series CES Working Papers
issn 2067-7693
2067-7693
publishDate 2018-11-01
description In the last decades, the academic debate on the origins of the economic gap between nations divided deeply historians, sociologists and economists as well. Dependencia theorists pointed exogenous causes for Latin American backwardness while the revisionists emphasized endogenous causes. Finished the Cold War and faced with new evidence, previous conclusions are far from being complete and final. There are different issues, which were superficially investigated, or they were sometimes entirely neglected. With the intention of transcending the two opposing currents of thought the present paper aims to synthetize all the accessible and collected data up today in Romania in order to analyze the impact of the markets’ integration in the nineteenth century. On one hand, the Romanian nineteenth century economy is a fertile field for study, because it transferred neither slowly nor quickly from a “world economy” to another, which permitted a short relatively autonomous development. On other hand, even Romania was object to various studies in developmental economics, the foreign researchers did not access important evidence, which can change the conclusions on the main topic. The paper will present the economic and social parameters outlined in early 1800 and how these will evolve at the pressure of the Western markets. It will also point that the markets’ integration generated two major trends as long-term tendencies: the increase of land price and the increase of the rate of interest. Both were impediment to a faster development of the Romanian society and in connection with other elements like the dysfunctionality of the state they will form a vicious circle of slow development.
url http://www.ceswp.uaic.ro/articles/CESWP2018_X3_VEL.pdf
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