A marathon with stumbling blocks
Growth and economic policy in Romania
Deutsche Fassung
Abstract
Romania’s domestic economy has grown significantly since it joined the EU in 2007. The country has come closer to the average level among EU states, although it has not reached it yet. To do so, the state must implement a better economic policy and ensure that the environment becomes more stable. In the past decade, a pro-cyclical fiscal policy has intensified crises rather than mitigating them. In addition, the institutions remain weak. The upturn resulted mainly from transfers from the EU, foreign investment and an expansive fiscal policy. Romania should invest in infrastructure and in training workers, and should maintain the rule of law and democracy.
(Osteuropa 6-8/2019, pp. 129–142)