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Gas And Coal Extractive Industry During The Socialist Industrialization Period (1948-1989)

Author

Listed:
  • MARIUS BULEARCA

    (CENTER FOR INDUSTRY AND SERVICES’ ECONOMICS, ROMANIAN ACADEMY, BUCHAREST, ROMANIA)

  • CATALIN POPESCU

    (OIL AND GAS UNIVERSITY OF PLOIESTI, PLOIESTI, ROMANIA)

Abstract

This article shows that since 1949 the extractive industry has undergone a strong process of restructuring when enterprises were nationalized and a strict control over all components of the economy was established. The new leadership of the country had the intention of developing the industrial sector as well, basically laying the foundations of the new Romanian economy where the industrial sector economy would bring considerable income. This program will lead to the development of the energy sector in Romania also, thus contributing to a great extent to the development and consolidation of coal and gas extraction. Despite of all the economic and social development achieved during the period 1950-1989, at the end of it, Romania ranked a marginal position in the European countries hierarchy since between its level of development and the market economy developed countries large gaps in respect to the main economic and social indicators occurred.

Suggested Citation

  • Marius Bulearca & Catalin Popescu, 2015. "Gas And Coal Extractive Industry During The Socialist Industrialization Period (1948-1989)," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 394-398, December.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:special:p:394-398
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    Cited by:

    1. Maria Bostenaru Dan & Magdalena Maria Bostenaru-Dan, 2021. "Greening the Brownfields of Thermal Power Plants in Rural Areas, an Example from Romania, Set in the Context of Developments in the Industrialized Country of Germany," Sustainability, MDPI, vol. 13(7), pages 1-18, March.

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