This book analyses the multidimensional condition of the Romanian industrial landscape, which played host to a multitude of demo-economic, financial, trade, and trans- and inter-sectoral development practices before the intense period of European deindustrialisation. The authors stress the need to recognise the economic importance of industry and renewed investment in infrastructure, tracing its impact on GDP, growth and labour productivity. With a focus on R&D, technological innovations and government funding, this volume highlights a strategy for the reindustrialisation, with consistent enablers, of Romania that can also be applied to other EU countries to ensure positive economic development in the context of new European and international policies.
Awarded the prize for best book in Economics published in the academic year 2017-2018 by the Romanian Association of Economics Faculties (AFER).
Luminita Chivu is General Director of the National Institute for Economic Research 'Costin C. Kiritescu' at the Romanian Academy, Romania. Chivu has 25 years of experience in economic academic research and tertiary education, focusing on labour markets, wage policies, social dialogue, vocational training, industrial relations, working conditions, economic restructuring and competition policy.
The late Constantin Ciutacu was General Deputy Director of the National Institute for Economic Research 'Costin C. Kiritescu' at the Romanian Academy, Romania. He had more than 40 years of experience in economic academic research and tertiary education, focused on macroeconomics and economic restructuring, competition policy, labour market, wage policies, social dialogue, industrial relations and working conditions.
George Georgescu is General Deputy Director of the National Institute for Economic Research 'Costin C. Kiritescu' at the Romanian Academy, Romania. He has 30 years of experience in economic academic research, focusing on development economics, privatization, market economy, business environment, international economics, foreign trade and structural analysis.
1. The National and European Context of Industrial Development
2. Macroeconomic Changes in Romania During the Transition Period
3. Privatization-Driven Transformation of Romania's Industrial Landscape
4. Industrial Production Restructuring
5. Impacts of Romania's Deindustrialization on Investments and the Labour Market
6. Industry and Industrial Policies in the European Union
7. Conclusions on How the Industrial Economy in Romania Should be Supported