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Romania – To Have Or Not To Have Its Own Development Path?

Author

Listed:
  • Gabriela BODEA

    () (Faculty of Economics and Business Administration, Babes-Bolyai University of Cluj-Napoca)

  • Aurelian-Petrus PLOPEANU

    () (Department of Interdisciplinary Research – Humanities and Social Sciences, Alexandru Ioan Cuza University of Iasi)

Abstract

Human societies are evolving in sequences similar to a business cycle. The cause for which the evolution is accompanied by setbacks lies in the complexity of social systems, which, ab initio, cannot be designed or intended by any human mind, and the irrationality arising from limited rationality of economic actors. Therefore, the time shows similarities, but rarely identities. Rather, we can talk about chronological series of similitudes, of repeatable errors and adjustable patterns. Using qualitative research and the introspective analysis, we explore the pattern which the Romanian economy followed under the sign of global crisis. We found that Romania's economy doesn't have a problem with its path but with the way in which it follows the trend ideologically and historically. Also, we found out that the end of the crisis is not just following an ordinary path, but represents the chance for the economy to be re-equipped with weapons of competitiveness and honour in order to leave the current era of nihilism.

Suggested Citation

  • Gabriela BODEA & Aurelian-Petrus PLOPEANU, 2016. "Romania – To Have Or Not To Have Its Own Development Path?," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 8(2), pages 221-237, August.
  • Handle: RePEc:jes:wpaper:y:2016:v:8:i:2:p:221-237
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    File URL: http://ceswp.uaic.ro/articles/CESWP2016_VIII2_BOD.pdf
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    References listed on IDEAS

    as
    1. Lavinia-Stefania TOTAN & Marinela GEAMANU & Gabriela TUDOSE, 2012. "Structural Changes Of Labor In Romania After 1990," Romanian Statistical Review, Romanian Statistical Review, vol. 60(9), pages 51-65, September.
    2. Page, Scott E., 2006. "Path Dependence," Quarterly Journal of Political Science, now publishers, vol. 1(1), pages 87-115, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    crisis; path dependency; contagion; rationality; procyclicality;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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