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Consumption-Based Economy. The Case Of Romania In The Last Two Decades

Author

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  • Mihai COSTEA

    (Stefan cel Mare University of Suceava, 720229, Romania)

Abstract

Romania has entered an era of consumption and its stimulation remains one of the solutions always initiated to support the national economy, especially given that exports are declining due to euro-market problems - the main market for Romanian products.In this context, this paper aims to make a foray in time, starting with the issue of de-industrialization of Romania and subsequently with the transformation of Romanian economy into a tertiary one, accompanied by the simultaneous development of the economy based on consumption. In other words, the role of this paper is to present (using statistical data), the causes of de-industrialization of Romania, elements on the evolution of the tertiary industry, and some features and pitfalls of consumer-based economy. Also, the content of this article does not hesitate to emphasize the author's personal views about the studied phenomenon.

Suggested Citation

  • Mihai COSTEA, 2016. "Consumption-Based Economy. The Case Of Romania In The Last Two Decades," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 5(Special I), pages 1-6.
    • Handle: RePEc:scm:ecofrm:v:5:y:2016:i:s:p:6
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    File URL: http://ecoforumjournal.ro/index.php/eco/article/view/492/295
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    References listed on IDEAS

    as
    1. Dobre-Baron Oana, 2015. "The Level And The Dynamics Of The Retail Trade Activity In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 221-228, December.
    2. Fiona Tregenna, 2009. "Characterising deindustrialisation: An analysis of changes in manufacturing employment and output internationally," Cambridge Journal of Economics, Oxford University Press, vol. 33(3), pages 433-466, May.
    3. Homi Kharas & Harinder Kohli, 2011. "What Is the Middle Income Trap, Why do Countries Fall into It, and How Can It Be Avoided?," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(3), pages 281-289, September.
    4. Mr. Ramana Ramaswamy & Mr. Bob Rowthorn, 1997. "Deindustrialization: Causes and Implications," IMF Working Papers 1997/042, International Monetary Fund.
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    Cited by:

    1. Silvius Stanciu & Florina Oana Virlanuta & Oana Alexandra Vochin & Romeo Victor Ionescu & Valentin Marian Antohi, 2019. "Fast Moving Consumer Goods (FMCG) Market in Romania. Features and Trends," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 778-778, November.
    2. Busu Mihail & Vargas Madalina Vanesa & Gherasim Ioan Alexandru, 2020. "An analysis of the economic performances of the retail companies in Romania," Management & Marketing, Sciendo, vol. 15(1), pages 125-133, March.
    3. Laura Patache & Claudiu Chiru & Iuliana Pârvu, 2021. "Study On Romanian Regional Convergence Under The Impact Of The Health Crisis," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 15(2), pages 37-52, DECEMBER.

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