Articles on Issue Theme
Dumitru D. POPESCU
Academia de Studii Economice din Bucureşti
The last decade of the past century was dominated by paradigmatic controversy on the sequences of restructuring and privatization processes. The economy was registering suboptimal economic performances characterized by severe declines in the GDP; huge losses of the state-owned companies, and huge interenterprise arrears that accounted for over 35% of Romania’s GDP.
The solutions designed and managed by the macro decision-makers of the time (starting with 1993) focused on a “top-down” model of restructuring, which precedes the privatization process and were institutionalized and included in commun governmental and international financial institutions programs (such as IMF, IBRD, and EBRD, etc).
From 1999 until 2009,the topics of arrears and losses of the state companies have disappeared from the current economic disscussion and were substituted by the ones referring to the accelerated process of privatization.
The launch of the financial crisis at the end of 2008 has brought back, through different alarm levels registered, the problem of the negative economic growth, of the massive interenterprise arrears and the huge losses of the business operators (this time,privately owned) as well as the need for restructuring not only of the residual state portfolio or government entities, but also for the private sector through the means of market economy.
The solutions designed and managed by the macro decision-makers of the time (starting with 1993) focused on a “top-down” model of restructuring, which precedes the privatization process and were institutionalized and included in commun governmental and international financial institutions programs (such as IMF, IBRD, and EBRD, etc).
From 1999 until 2009,the topics of arrears and losses of the state companies have disappeared from the current economic disscussion and were substituted by the ones referring to the accelerated process of privatization.
The launch of the financial crisis at the end of 2008 has brought back, through different alarm levels registered, the problem of the negative economic growth, of the massive interenterprise arrears and the huge losses of the business operators (this time,privately owned) as well as the need for restructuring not only of the residual state portfolio or government entities, but also for the private sector through the means of market economy.
ŒCONOMICA no. 4/2010
Keywords: logical predicate, dissipative structures, exogenous and endogen model, convergence clubs, regression method, convergence time period, restructuring, liquidation, corporate governance, privatization, economic crisis
Virtuţile restructurării ca proces în economia de criză a României
Select Issue:
Archive
Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Mara Andreea TUDOR
University of Chicago
Cătălin MURARAŞU
Academia de Studii Economice din Bucureşti
Ramona Iulia DIEACONESCU
Academia de Studii Economice din Bucureşti
Maria GHEORGHE (NIŢU)
Academia de Studii Economice din Bucureşti
Sorin-Nicolae CURCĂ
Academia Română
Revista ŒCONOMICA
Authors
