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Shock Therapy and Privatization: An Analysis of Romania's Economic Reform

Dan Grindea

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Abstract

Why did economic shock therapy fail in many Central and Eastern European countries? This text presents a critical view of Romania's economic reforms, analyzing the role of agriculture in the transition period and suggesting both alternatives for the creation of a secondary capital market and modalities for expanding the social safety net. This edition has been updated to include recent reforms and developments in Romania.

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Why did economic shock therapy fail in many Central and Eastern European countries? This text presents a critical view of Romania's economic reforms, analyzing the role of agriculture in the transition period and suggesting both alternatives for the creation of a secondary capital market and modalities for expanding the social safety net. This edition has been updated to include recent reforms and developments in Romania.

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Available abstract

Why did economic shock therapy fail in many Central and Eastern European countries? This text presents a critical view of Romania's economic reforms, analyzing the role of agriculture in the transition period and suggesting both alternatives for the creation of a secondary capital market and modalities for expanding the social safety net. This edition has been updated to include recent reforms and developments in Romania.

Key concepts: Shock therapy, Shock (circulatory), Modalities, Economic reform, Political science, Safety net, Economic policy, Development economics

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