Abstract

This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.

References

  • Behr, Edward, Kiss the Hand You Cannot Bite: The Rise and Fall of the Ceausescus (New York: Villard Books, 1991).

  • Blanchard, Olivier, Rudiger Dornbusch, Paul Krugman, Richard Layard, and Lawrence Summers, Reform in Eastern Europe (Cambridge, Massachusetts: MIT Press, 1991).

    • Search Google Scholar
    • Export Citation
  • Borensztein, Eduardo, and Manmohan S. Kumar, Proposals for Privatization in Eastern Europe,Staff Papers, International Monetary Fund, Vol. 38 (June 1991), pp. 30026.

    • Search Google Scholar
    • Export Citation
  • Calvo, Guillermo A., and Jacob A. Frenkel, From Centrally Planned to Market Economy: The Road from CPE to PCPE,Staff Papers, International Monetary Fund, Vol. 38 (June 1991), pp. 26899.

    • Search Google Scholar
    • Export Citation
  • Codrescu, Andrei, The Hole in the Flag: A Romanian Exile’s Story of Return and Revolution (New York: William Morrow and Co., 1991).

  • Comisia Guvernamentală pentru Elaborarea Programului de Transiţie la Economia de Piaja în România, Schiţă privind Strategia Înfăptuirii Economiei de Piaţa în România (Bucureşti, 1990).

    • Search Google Scholar
    • Export Citation
  • Comisia Naţională pentru Statistică, Anuarul Statistic al României (Bucureşti, 1990).

  • Corden, Max, Protection and Liberalization: A Review of Analytical Issues, Occasional Paper 54 (Washington: International Monetary Fund, August 1987).

    • Search Google Scholar
    • Export Citation
  • Council for Reform, Public Relations, and Information, Program of Working Out and Coordinating Reform Projects (Bucharest, 1990).

  • Council for Reform, Public Relations, and Information, The White Book of the Romanian Reform(Bucharest, 1991).

  • Fischer, Mary Ellen, Nicolae Ceauşescu: A Study in Political Leadership (London: Lynne Reiner, 1989).

  • Fischer, Stanley, and Alan Gelb, Issues in Socialist Economy Reform,World Bank PRE Working Paper WPS 565 (Washington: World Bank, 1990).

    • Search Google Scholar
    • Export Citation
  • Genberg, Hans, On the Sequencing of Reforms in Eastern Europe,IMF Working Paper 91/13 (Washington: International Monetary Fund, February 1991).

    • Search Google Scholar
    • Export Citation
  • Government Commission (1990a), “Report No. 1: On the Strategy of the Transition to Market Economy in Romaniamimeographed; Bucharest, 1990.

    • Search Google Scholar
    • Export Citation
  • Government Commission (1990b), “Outline of Strategy for Transition to a Market Economy in Romania,” (mimeographed; Bucharest, 1990).

    • Search Google Scholar
    • Export Citation
  • Government Commission (1990c), “The Main Measures for the Implementation of the Market Economy Mechanism,” (mimeographed; Bucharest, 1990).

    • Search Google Scholar
    • Export Citation
  • Granick, David, Enterprise Guidance in Eastern Europe: A Comparison of Four Socialist Economies (Princeton: Princeton University Press, 1975).

    • Search Google Scholar
    • Export Citation
  • Greene, Joshua E., and Peter Isard, Currency Convertibility and the Transformation of Centrally Planned Economies, Occasional Paper 81 (Washington: International Monetary Fund, 1991).

    • Search Google Scholar
    • Export Citation
  • Hinds, Manuel, Issues in the Introduction of Market Forces in Eastern European Socialist Economies, World Bank Report No. IDP-0057 (Washington: World Bank, 1990).

    • Search Google Scholar
    • Export Citation
  • Kopits, George, Fiscal Reform in European Economies in Transition,IMF Working Paper 91/43 (Washington: International Monetary Fund,April 1991).

    • Search Google Scholar
    • Export Citation
  • Lipton, David, and Jeffrey Sachs, 1990a, “Privatization in Eastern Europe: The Case of Poland,Brookings Papers on Economic Activity: 2 (Washington: The Brookings Institution, 1990).

    • Search Google Scholar
    • Export Citation
  • Lipton, David, (1990b), “Creating a Market Economy in Eastern Europe: The Case of Poland,Brookings Papers on Economic Activity: 1 (Washington: The Brookings Institution, 1990).

    • Search Google Scholar
    • Export Citation
  • Ministry of Trade and Tourism, Doing Business with Romania (Bucharest, 1990).

  • Monitorul Oficial al României, Parlamentul României (Bucharest), various issues.

  • Rompres, RomaniaNews of the Day (Bucharest), various issues.

  • Rompres, Prime Minister Petre Roman’s Report on the Stage of the Implementation of Economic Reform and the Demand to Step Up Its Pace, (Bucharest, 1990).

    • Search Google Scholar
    • Export Citation
  • Rompres, The Report Read by the Prime Minister of Romania Mr. Petre Roman, Before the 26 February 1991 Joint Sitting of the Parliament, On the Progress of the Reform and the Government’s Program for 1991 (Bucharest, 1991).

    • Search Google Scholar
    • Export Citation
  • Ronnås, Per, The Economic Legacy of Ceauşescu,” in Economic Change in the Balkan States, edited by Örjan Sjöberg and Michael L. Wyzan (New York: St. Martin’s Press, 1991), pp. 4768.

    • Search Google Scholar
    • Export Citation
  • Secţia Propagandă şi Presă al Partidului Comunist Român, Aplicarea Noului Mechanism Economico-Financiar în Unităţile Industriale, Caiet Documentar (Bucureşti, 1987).

    • Search Google Scholar
    • Export Citation
  • Shafir, Michael, Romania: Politics, Economics, and Society: Political Stagnation and Simulated Change (London: Frances Pinter, 1985).

  • Spigler, Iancu, Economic Reform in Rumanian Industry (London: Oxford University Press, 1973).

  • Sundararajan, V., Financial Sector Reform and Central Banking in Centrally Planned Economies,IMF Working Paper 90/120 (Washington: International Monetary Fund, December 1990).

    • Search Google Scholar
    • Export Citation
  • Teodorescu, Alin, The Future of a Failure: The Romanian Economy,in Economic Change in the Balkan States, edited by Orjan Sjoberg and Michael L. Wyzan (New York: St. Martin’s Press, 1991), pp. 6982.

    • Search Google Scholar
    • Export Citation
  • Thomas, Vinod, Kazi Matin, and John Nash, Lessons in Trade Policy Reform,World Bank Policy and Research Paper No. 10 (Washington: World Bank, 1990).

    • Search Google Scholar
    • Export Citation
  • Tirole, Jean, Privatization in Eastern Europe: Incentives and the Economies of Transition,” (unpublished; Cambridge, Massachusetts: MIT Press, 1991).

    • Search Google Scholar
    • Export Citation
  • Tsantis, A.C., and R. Pepper, Romania: The Industrialization of an Agrarian Economy Under Socialist Planning (Washington: World Bank, 1979).

    • Search Google Scholar
    • Export Citation
  • Villanueva, Delano, and Abbas Mirakhor, Strategies for Financial Reforms: Interest Rate Policies, Stabilization, and Bank Supervision in Developing Countries,Staff Papers, International Monetary Fund, Vol. 37 (September 1990), pp. 50936.

    • Search Google Scholar
    • Export Citation

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Cited By

  • Behr, Edward, Kiss the Hand You Cannot Bite: The Rise and Fall of the Ceausescus (New York: Villard Books, 1991).

  • Blanchard, Olivier, Rudiger Dornbusch, Paul Krugman, Richard Layard, and Lawrence Summers, Reform in Eastern Europe (Cambridge, Massachusetts: MIT Press, 1991).

    • Search Google Scholar
    • Export Citation
  • Borensztein, Eduardo, and Manmohan S. Kumar, Proposals for Privatization in Eastern Europe,Staff Papers, International Monetary Fund, Vol. 38 (June 1991), pp. 30026.

    • Search Google Scholar
    • Export Citation
  • Calvo, Guillermo A., and Jacob A. Frenkel, From Centrally Planned to Market Economy: The Road from CPE to PCPE,Staff Papers, International Monetary Fund, Vol. 38 (June 1991), pp. 26899.

    • Search Google Scholar
    • Export Citation
  • Codrescu, Andrei, The Hole in the Flag: A Romanian Exile’s Story of Return and Revolution (New York: William Morrow and Co., 1991).

  • Comisia Guvernamentală pentru Elaborarea Programului de Transiţie la Economia de Piaja în România, Schiţă privind Strategia Înfăptuirii Economiei de Piaţa în România (Bucureşti, 1990).

    • Search Google Scholar
    • Export Citation
  • Comisia Naţională pentru Statistică, Anuarul Statistic al României (Bucureşti, 1990).

  • Corden, Max, Protection and Liberalization: A Review of Analytical Issues, Occasional Paper 54 (Washington: International Monetary Fund, August 1987).

    • Search Google Scholar
    • Export Citation
  • Council for Reform, Public Relations, and Information, Program of Working Out and Coordinating Reform Projects (Bucharest, 1990).

  • Council for Reform, Public Relations, and Information, The White Book of the Romanian Reform(Bucharest, 1991).

  • Fischer, Mary Ellen, Nicolae Ceauşescu: A Study in Political Leadership (London: Lynne Reiner, 1989).

  • Fischer, Stanley, and Alan Gelb, Issues in Socialist Economy Reform,World Bank PRE Working Paper WPS 565 (Washington: World Bank, 1990).

    • Search Google Scholar
    • Export Citation
  • Genberg, Hans, On the Sequencing of Reforms in Eastern Europe,IMF Working Paper 91/13 (Washington: International Monetary Fund, February 1991).

    • Search Google Scholar
    • Export Citation
  • Government Commission (1990a), “Report No. 1: On the Strategy of the Transition to Market Economy in Romaniamimeographed; Bucharest, 1990.

    • Search Google Scholar
    • Export Citation
  • Government Commission (1990b), “Outline of Strategy for Transition to a Market Economy in Romania,” (mimeographed; Bucharest, 1990).

    • Search Google Scholar
    • Export Citation
  • Government Commission (1990c), “The Main Measures for the Implementation of the Market Economy Mechanism,” (mimeographed; Bucharest, 1990).

    • Search Google Scholar
    • Export Citation
  • Granick, David, Enterprise Guidance in Eastern Europe: A Comparison of Four Socialist Economies (Princeton: Princeton University Press, 1975).

    • Search Google Scholar
    • Export Citation
  • Greene, Joshua E., and Peter Isard, Currency Convertibility and the Transformation of Centrally Planned Economies, Occasional Paper 81 (Washington: International Monetary Fund, 1991).

    • Search Google Scholar
    • Export Citation
  • Hinds, Manuel, Issues in the Introduction of Market Forces in Eastern European Socialist Economies, World Bank Report No. IDP-0057 (Washington: World Bank, 1990).

    • Search Google Scholar
    • Export Citation
  • Kopits, George, Fiscal Reform in European Economies in Transition,IMF Working Paper 91/43 (Washington: International Monetary Fund,April 1991).

    • Search Google Scholar
    • Export Citation
  • Lipton, David, and Jeffrey Sachs, 1990a, “Privatization in Eastern Europe: The Case of Poland,Brookings Papers on Economic Activity: 2 (Washington: The Brookings Institution, 1990).

    • Search Google Scholar
    • Export Citation
  • Lipton, David, (1990b), “Creating a Market Economy in Eastern Europe: The Case of Poland,Brookings Papers on Economic Activity: 1 (Washington: The Brookings Institution, 1990).

    • Search Google Scholar
    • Export Citation
  • Ministry of Trade and Tourism, Doing Business with Romania (Bucharest, 1990).

  • Monitorul Oficial al României, Parlamentul României (Bucharest), various issues.

  • Rompres, RomaniaNews of the Day (Bucharest), various issues.

  • Rompres, Prime Minister Petre Roman’s Report on the Stage of the Implementation of Economic Reform and the Demand to Step Up Its Pace, (Bucharest, 1990).

    • Search Google Scholar
    • Export Citation
  • Rompres, The Report Read by the Prime Minister of Romania Mr. Petre Roman, Before the 26 February 1991 Joint Sitting of the Parliament, On the Progress of the Reform and the Government’s Program for 1991 (Bucharest, 1991).

    • Search Google Scholar
    • Export Citation
  • Ronnås, Per, The Economic Legacy of Ceauşescu,” in Economic Change in the Balkan States, edited by Örjan Sjöberg and Michael L. Wyzan (New York: St. Martin’s Press, 1991), pp. 4768.

    • Search Google Scholar
    • Export Citation
  • Secţia Propagandă şi Presă al Partidului Comunist Român, Aplicarea Noului Mechanism Economico-Financiar în Unităţile Industriale, Caiet Documentar (Bucureşti, 1987).

    • Search Google Scholar
    • Export Citation
  • Shafir, Michael, Romania: Politics, Economics, and Society: Political Stagnation and Simulated Change (London: Frances Pinter, 1985).

  • Spigler, Iancu, Economic Reform in Rumanian Industry (London: Oxford University Press, 1973).

  • Sundararajan, V., Financial Sector Reform and Central Banking in Centrally Planned Economies,IMF Working Paper 90/120 (Washington: International Monetary Fund, December 1990).

    • Search Google Scholar
    • Export Citation
  • Teodorescu, Alin, The Future of a Failure: The Romanian Economy,in Economic Change in the Balkan States, edited by Orjan Sjoberg and Michael L. Wyzan (New York: St. Martin’s Press, 1991), pp. 6982.

    • Search Google Scholar
    • Export Citation
  • Thomas, Vinod, Kazi Matin, and John Nash, Lessons in Trade Policy Reform,World Bank Policy and Research Paper No. 10 (Washington: World Bank, 1990).

    • Search Google Scholar
    • Export Citation
  • Tirole, Jean, Privatization in Eastern Europe: Incentives and the Economies of Transition,” (unpublished; Cambridge, Massachusetts: MIT Press, 1991).

    • Search Google Scholar
    • Export Citation
  • Tsantis, A.C., and R. Pepper, Romania: The Industrialization of an Agrarian Economy Under Socialist Planning (Washington: World Bank, 1979).

    • Search Google Scholar
    • Export Citation
  • Villanueva, Delano, and Abbas Mirakhor, Strategies for Financial Reforms: Interest Rate Policies, Stabilization, and Bank Supervision in Developing Countries,Staff Papers, International Monetary Fund, Vol. 37 (September 1990), pp. 50936.

    • Search Google Scholar
    • Export Citation