Romanian Economy in the Interwar Period

Author:Stefan Gheorghe
Pages:195-199
SUMMARY

Resumption of economic progress will be slow, but unevenly, after overcoming the food crisis of 1920-1921, Romania will be able to deliver on economic recovery by attracting capital investment, increase the number of enterprises and workers and especially by increasing the driving force and technical endowment of enterprises. The central authorities legislation will draw up related protectionist... (see full summary)

 
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Performance and Risks in the European Economy
195
Romanian Economy in the Interwar Period
Gheorghe Stefan1
Abstract: Resumption of economic progress will be slow, but unevenly, after overcoming the food crisis
of 1920 -1921, Romania will be able to deliver on economic recovery by attracting capital investment,
increase the number of enterprises and workers and especially by increasing the driving force and
technical endowment of enterprises. The central authorities legislation will draw up related protectionist
liberal economic doctrine by ourselves in most of the period, according to the political algorithm and
the result of in creasing domestic resource mobilization of capital while limiting the foreign capital in th e
Romanian economy.
Keywords: crisis; economic recovery; protectionist legislation
Introduction
Resumption of economic progress will be slow, but unevenly but after overcoming the food crisis of
1920-1921, Romania will be able to deliver on economic recovery by attracting capital investment,
increase the number of enterprises and workers and especially by increasing the driving force and
technical endowment of enterprises. The Central Authorities will draw up legislation related
protectionist economic liberal doctrine by ourselves in most of the period, according to political
algorithm and the result of increasing resource mobilization of domestic capital while limiting the
foreign capital in the Romanian economy.
The interwar period economically subdivides in 4 stages namely:
the stage of economic recovery 1919-1921;
the stage of economic growth 1922-1929;
the stage of economic crisis 1929-1933;
the stage of of economic growth 1034-1939.
Romania's economic recovery process (1919-1921) assumed the achievement of some absolute
targets similar to those held by many of the European countries affected by war and was characterized
by the need to restore industrial and agricultural production, by regulating monetary circulation and
stagnation of inflation, by balancing the trade and payments balance of budget of revenue and
expenses and the restoration of infrastructure, transport concomitantly with renewed growth.
1 Senior Lecturer, PhD, Department of Economics, Danubius University of Galati, Romania, Address: 3 Galati Blvd., Galati
800654, Romania, Tel.: +40372361102, Corresponding author: stefangheorghe@univ-danubius.ro.

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