The Changing Business Landscape of Romania

Lessons for and from Transition Economies

  • Andrew R. Thomas
  • Nicolae Al. Pop
  • Constantin Bratianu

Table of contents

  1. Front Matter
    Pages i-vi
  2. Andrew R. Thomas
    Pages 1-2
  3. Constantin Bratianu, Ivona Orzea
    Pages 3-18
  4. Zoltán Gaál, Lajos Szabó, Nóra Obermayer-Kovács, Zoltán Kovács, Anikó Csepregi
    Pages 19-43
  5. Nicolae Al. Pop, Dan-Cristian Dabija
    Pages 45-60
  6. Ionuţ Dumitru
    Pages 61-81
  7. Constanta-Nicoleta Bodea, Radu-Ioan Mogoş, Ileana Ruxandra Badea
    Pages 105-129
  8. Nicolae Istudor, Corina Pelau
    Pages 177-187
  9. Adrian D. Tanţău, Alexandra Chinie
    Pages 189-208
  10. Camelia Kailani, Felicia Stăncioiu, Nicolae Teodorescu
    Pages 209-226
  11. Gabriel Brătucu, Dana Boşcor, Bianca Axenia Boitor, Alexandra Tălpău
    Pages 227-253
  12. Dorin Lixăndroiu, Radu Lixăndroiu
    Pages 263-284
  13. Back Matter
    Pages 305-306

About this book

Introduction

Romania stands at the crossroads of Europe, Asia, and the Middle East. Since 1990, when the country experienced the bloodiest revolution of all of the Warsaw Pact members, Romania has gone through withering change. While the formal transition from a totalitarian, communist state was completed in 2007 with Romania’s accession into the European Union, the adaptation of the nation’s people and business climate to a market-based economy is a daily occurrence.

In the 2000’s, in the lead up to EU accession, Romania was one of the largest recipients of Foreign Direct Investment in the world. While multinational corporations poured in hundreds of billions of dollars, there was also a restructuring of the way business was conducted. Western systems of management and organization—foreign to most Romanian academics and business people—almost overnight transformed the way the marketplace was perceived. 

Romania’s entrepreneurs were quick to adapt to the new ways, leveraging new opportunities in the environment. Fortunes were made. Multinationals also burgeoned in Romania. Companies like Microsoft, General Electric, Timken, Kraft, P&G, Renault and dozens of others successfully took advantage of the possibilities created by a relatively well-educated population that was moving into the middle class.

For the most part, however, researchers and scholars were caught off guard by the quickening pace of business change in Romania. Only until very recently has the academic community at large been able to wade through the murkiness and begin to see what the new landscape looks like. 

It is the purpose of this edited volume, which includes the work of some of Romania’s finest business scholars, to provide even greater clarity to the current and future scene. Moreover, the experience in Romania helps shed light on the dynamics of economic and business transition throughout Eastern Europe, the Middle East, and other emerging regions, with implications for practice, policymaking, and research.

 

 

Editors and affiliations

  • Andrew R. Thomas
    • 1
  • Nicolae Al. Pop
    • 2
  • Constantin Bratianu
    • 3
  1. 1.University of AkronAkronUSA
  2. 2.Academy of Economic StudiesBucharestRomania
  3. 3.Academy of Economic StudiesBucharestRomania

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4614-6865-3
  • Copyright Information Springer Science+Business Media New York 2013
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4614-6864-6
  • Online ISBN 978-1-4614-6865-3
  • About this book