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Free Zones In Romania - Success Or Failure?

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  • Elena ENACHE

    () (“Constantin Brâncoveanu” University, Romania)

Abstract

The unprecedented expansion of free zones is considered one of the most significant economic innovations of the end of the twentieth century which covered the entire global economy. This phenomenon has also been registered in Romania, where there are six free zones. Motivation for their creation is supported by the need and opportunity for investments at regional and national level, by the valorization of the domestic natural resources and the available labor force as well as by the encouragement of the transit on the territory of our country as a source of revenue to the state budget. 20 years after the implementation of Law. no. 84/1992 concerning the free zones regime and after a series of events related to our accession to the European Union especially regarding the rise of the specific facilities, the global economic crisis and so on, we conclude that the free zones have not disappeared, as people believed, once benefits disappeared, but they have not displayed any outstanding performance either. They are still present today as any other economic agent seeking solutions to survive!

Suggested Citation

  • Elena ENACHE, 2012. "Free Zones In Romania - Success Or Failure?," Management Strategies Journal, Constantin Brancoveanu University, vol. 16(2), pages 58-66.
  • Handle: RePEc:brc:journl:v:16:y:2012:i:2:p:58-66
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    File URL: http://www.strategiimanageriale.ro/papers/120205.pdf
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    1. repec:eee:touman:v:33:y:2012:i:1:p:215-224 is not listed on IDEAS
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    More about this item

    Keywords

    free zone; tax advantages; customs regime; competition;

    JEL classification:

    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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