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Structural adjustment of Romanian foreign trade
Zaman, Constantin |
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| This article examines the consequences of the Romanian trade balance deficit, charts the changes from the socialist period and highlights the shortcoming between theory and reality in recent economic theory. It argues that more important than the trade deficit is the country’s ability to finance it. Without a significant increase of foreign capital economic development will continue to be too slow. To improve this there has to be a radical improvement in the existing legislative, institutional and political framework. While exports cannot be directly influenced by the state, measures, such as preferential exchange rates or credits at lower interest rates can be taken to promote this activity. |
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