Capitalism and capitalists without capital in Romania (2022) - full text
At this page we disseminate the scientific research conducted in the book C apitalism and capitalists without capital in Romania (Florin Georgescu, 2022) , printed by the Publishing House of the Romanian Academy. Volume 1 can be accessed Here . Contents: Foreword Chapter 1. Where did we start from and where are we now? 1.1.Changes in the volume and breakdown of economic activity in Romania since 1990 1.2.Negative foreign currency flows with the rest of the world depressed the Romanians’ gross national income (GNI) and fuelled the GDP distributed to nonresidents 1.3.Pre- and post-1989 property breakdown in correlation with Romania’s total debt 1.4.Worsening of the employees/pensioners ratio 1.5.Weakening of labour factor – low employment and small share of compensation of employees in GDP 1.6.Comparative analysis of the standard of living and sharply rising inequity among citizens starting 1990 1.7.Concluding remarks Chapter 2. Real sector capital in Romania 2.1.Capital –