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Contribution of the Liberal Economical Thinking to the Industrial Development of Romania (1859-1918)

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  • Diana-Mihaela Pociovalisteanu Lecturer Ph. D.

Abstract

For the strengthening of the national economic organism, through the reformation of the economic and political life of the country, the period 1859-1918 is one of reference. Romania’s modernization and development are the result of the contribution brought by the thinkers of the time, especially by the radical liberal thinkers. In the same time, we should not neglect the participation, more modest however, of the conservative thinkers at the economic advancement of the country. In spite of the good results in the industrial field, industry was still occupying a secondary position in country’s economic structure, accounting for approximately 20% of the national income. The development of new industrial sectors reduced the imports of consumption goods, even if, until World War I, the Romanian market was dependent on the West. In this paper, I want to analyse the liberal thinking from the logical, theoretical and doctrinaire viewpoint and, also, to follow the way this thinking has come true in Romania’s long-term development strategy, elaborated by the liberal governments and the practical results obtained on this basis.

Suggested Citation

  • Diana-Mihaela Pociovalisteanu Lecturer Ph. D., 2006. "Contribution of the Liberal Economical Thinking to the Industrial Development of Romania (1859-1918)," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 91-100.
    • Handle: RePEc:ers:journl:v:ix:y:2006:i:3-4:p:91-100
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    1. Lembke B., 1918. "√ a. p," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 111(1), pages 709-712, February.
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    Cited by:

    1. Diana-Mihaela Pociovalisteanu, 2015. "Romania's Foreign Trade, Transportation, Credit System and national Riches in Modern Liberal Economic Thinking," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 34-43.
    2. Mete Feridun, 2008. "The Future of the European Neighbourhood Policy," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 3-12.
    3. Dimitris Lagos & Panayiotis G. Courtis, 2008. "Business Clusters Formation as a Means of Improving Competitiveness in the Tourism Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 111-111.

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    More about this item

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

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