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AN INQUIRY CONCERNING ROMANIA'S DIFFICULT ECONOMIC DEVELOPEMENT FROM THE 19th CENTURY TO WWII. A PLURALIST APPROACH

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  • Andrei JOSAN
  • Radu USZKAI

Abstract

The purpose of the following paper is that of exploring the causes of Romania's difficult economic development from the 19th century up to the Second World War. Far from assuming theoretical monism in our analysis, our approach will be a pluralist one, highlighting the relevance of analysing the problem of economic development using a wider range of (sometimes compatible) theories. The first step of our paper is the presentation of this pluralist theoretical conceptual framework, which includes (neo)institutionalism, Schumpeter's view on cycles and innovation, Rostow's theory of stages and take-off and Gerschenkron's concept of backwardness. Afterwards, we will aim at mapping the debate between Romanian scholars in the first part of the 20th century who worked on the problem of Romania's economic development. Last but not least, in the final section of the paper we will aim at providing some key empirical inputs for the debate, and correlating that data with the theoretical content prom the previous two sections.

Suggested Citation

  • Andrei JOSAN & Radu USZKAI, 2016. "AN INQUIRY CONCERNING ROMANIA'S DIFFICULT ECONOMIC DEVELOPEMENT FROM THE 19th CENTURY TO WWII. A PLURALIST APPROACH," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 526-538, November.
    • Handle: RePEc:rom:mancon:v:10:y:2016:i:1:p:526-538
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    References listed on IDEAS

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    3. Douglass C. North, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter.
    4. Rostow,W. W., 1991. "The Stages of Economic Growth," Cambridge Books, Cambridge University Press, number 9780521400701, January.
    5. Rostow,W. W., 1991. "The Stages of Economic Growth," Cambridge Books, Cambridge University Press, number 9780521409285, January.
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