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A Seven Steps Strategy for Recovery – the Romanian Case

Author

Listed:
  • AMOS AVNY

    (Omnidev International, Israel)

Abstract

The article discusses the current bad situation of the Romanian economy, as represented by eight World Bank's Development Indicators: GDP, GDP Growth, GNI per capita, Exports, Imports, Agriculture, Industry and Service. Nevertheless the crucial mistakes done during the past ten years, the author proposes a seven step strategy for recovering the economy. These seven steps are: (1) establishing a steady and capable government, (2) preparing and presenting a national vision with concrete goals, (3) enacting a balanced involvement of government in the economic life, (4) restoring investments in infrastructures, agriculture and local industries, (5) hedging against malicious effects of uncontrolled imports, (6) maintaining and running a sound financial establishment, and (7) rebuilding a competent social services framework. In addition, establishing a National compulsory service for school-leavers is discussed.

Suggested Citation

  • Amos Avny, 2012. "A Seven Steps Strategy for Recovery – the Romanian Case," Annals - Economic and Administrative Series -, Faculty of Business and Administration, University of Bucharest, vol. 6(1), pages 3-21, December.
    • Handle: RePEc:but:anneas:v:6:y:2012:i:1:p:3-21
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    File URL: http://annalseas.faa.ro/ro/articol/A-Seven-Steps-Strategy-for-Recovery---the-Romanian-Case~208.html
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