The vicious circles of development through dependence. an interpretation of the Romanian nineteenth century economy
Journal Title: CES Working Papers - Year 2018, Vol 10, Issue 3
Abstract
In the last decades, the academic debate on the origins of the economic gap between nations divided deeply historians, sociologists and economists as well. Dependencia theorists pointed exogenous causes for Latin American backwardness while the revisionists emphasized endogenous causes. Finished the Cold War and faced with new evidence, previous conclusions are far from being complete and final. There are different issues, which were superficially investigated, or they were sometimes entirely neglected. With the intention of transcending the two opposing currents of thought the present paper aims to synthetize all the accessible and collected data up today in Romania in order to analyze the impact of the markets’ integration in the nineteenth century. On one hand, the Romanian nineteenth century economy is a fertile field for study, because it transferred neither slowly nor quickly from a “world economy” to another, which permitted a short relatively autonomous development. On other hand, even Romania was object to various studies in developmental economics, the foreign researchers did not access important evidence, which can change the conclusions on the main topic. The paper will present the economic and social parameters outlined in early 1800 and how these will evolve at the pressure of the Western markets. It will also point that the markets’ integration generated two major trends as long-term tendencies: the increase of land price and the increase of the rate of interest. Both were impediment to a faster development of the Romanian society and in connection with other elements like the dysfunctionality of the state they will form a vicious circle of slow development.
Authors and Affiliations
Dan VELICU
Keywords
Related Articles
- EP ID EP468680
- DOI -
- Views 97
- Downloads 0
ECONOMIC IMPLICATIONS OF CHURCHES IN THE DEVELOPMENT OF HUMAN SETTLEMETS. STUDY CASE: IASI CITY
It is not wrong said that monasteries and churches were one of the elements that led to the development of human settlements in Iasi, especially the city of Iasi. Most churches/monasteries from the feudal period, receive...
New aspects of sustainable development as a factor of competitiveness in the EU
The process of integration and future developments within the European Union (EU) covers the issues of environmental protection, sustainable development and energy efficiency. These issues are becoming a significant part...
THE INFLUENCE OF INCOME AND EDUCATION LEVEL ON ISSUES OF RELIGION IN ROMANIA
In this research paper the main focus is on religion and how it is influenced by income and education level, how people from different social classes look at religion nowadays. It is a known fact that our income, our edu...
THE EMPIRICAL ANALYSIS OF THE RELATION BETWEEN FDI, EXPORTS AND ECONOMIC GROWTH FOR ROMANIA
FDIs are considered a key engine to enhance economic growth both in developed and emerging economies, through various channels such as technology transfer, human and physical capital accumulation, commercial channel. The...