The Capital in post-communist Romania

  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 –

This page aims to disseminate the main results and solutions of the study contained in the book entitled The Capital in Post-communist Romania, printed in Romanian by the Publishing House of the Romanian Academy in 2018. The English summary (2019) can be accessed   Here . Please find below the appreciation of Mr. Filip Novokmet, PhD., Researcher World Inequality Database and World Inequality Laboratory - led, as co-director, by professor Thomas Piketty - about the book: “The capital in post-communist Romania is an important study that will broaden our understanding of capital transformation from communism to market economy in Eastern Europe. Mr. Georgescu has done a remarkable work by amassing the huge amount of statistical data on capital and income in post-communist Romania and subjected it to the rigorous expert analysis. We are bestowed as a result with the detailed macroeconomic series (the book has a total of 1055 pages) that provide an insight into t