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Articles on Issue Theme

Asociaţia pentru Studii şi Prognoze Economice şi Sociale (ASPES)

Grupul de Economie Aplicată (GEA)

Romania has known in the last 20 years a deindustrialisation process (like other Eastern European countries) firstly caused by a profound system crisis. And for the same 20 years, Romania seems like is running away from the idea of industrial policy. But there is nothing wrong with having an industrial policy. The EU has one, and is also promoting it through the Europe 2020 Strategy. The US even had a reindustrialisation national effort in the ‘80s and are now facing a new reindustrialisation, especially after the financial crisis has demonstrated the fragility and volatility of an economy based too much on speculations. An industrial policy is needed particularly in the context where Romania gave up, by joining the European Union, many of the macroeconomic public policies means. And, given the shape of the current reality, this industrial policy that we are talking about can only mean the re-industrialisation of Romania. Obviously, the reindustrialisation of Romania cannot be achieved only by the government. But an integrated vision at public policies level is needed. There have to be investments in infrastructures, there has to be correlation between external financing and the reindustrialisation objective, there has to be coherence in the decisional process. This study appeared out of the necessity to sketch the coordinates for such an integrated vision.

ŒCONOMICA no. 4/2010

Keywords: industrialisation, private/public investment, macroeconomic public policy

JEL: L16, L52, L60, L70, L80, L90

Reindustrializarea României: politici şi strategii (III)

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