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The Romanian Entrepreneurial System

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  • Matei Gabriel Andrei

    (Valahia University, Targoviste, Romania)

Abstract

Paper purpose - In this paper we shall follow the history of economic development in Romania and have a brief discussion on the communist inheritance. Approach/method – We shall look at a few studies that attempted to explain the entrepreneurial phenomenon in Romania. Findings – The revolution of 1989 meant political and ideological freedom for the citizens of Romania. Even if the standard of living of many Romanians today is slightly higher than fifteen years ago, unemployment, rampant inflation, legal and political instability have contributed to a general dissatisfaction among the population of Romania with the current conditions. On the eave of the revolution and with the disintegration of the Warsaw Pact, Romania lost its market to the former USSR, resulting in lower production levels and firms with spare capacity those in turn mean underutilized assets. Originality/value – We shall present the conclusion of a recent study of fifty-one questions administered to one hundred and sixty-two newly formed firms in Romania.

Suggested Citation

  • Matei Gabriel Andrei, 2010. "The Romanian Entrepreneurial System," HOLISTICA Journal of Business and Public Administration, Association Holistic Research Academic (HoRA), vol. 1(2), pages 56-68, July-Dece.
    • Handle: RePEc:urn:urnste:v:1:y:2010:i:2:p:56-68
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    More about this item

    Keywords

    entrepreneur; development; small and medium private enterprises;
    All these keywords.

    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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