Economia socialistă și problemele modernizării economice a României 1948-1965
The socialist economy and the problems of Romania’s economic modernization, 1948-1965

Summary/Abstract: The platform of the communists who came to power was geared to the idea of economic advancement based on industrialization. Their economic model was the Soviet one, which was actually implemented with the help of Soviet advisers. The first step in the new program was to nationalize all production means, the state taking over the whole production and distribution of goods and services. The second economic move consisted in the switch to a planned economy, as of 1949. Initially the planning was to be done for only one year, the Romanian communists considering that a five-year plan was not yet possible. Beginning in 1953, a different kind of economic policy was espoused, with negotiations starting with a view to dismantling the sovroms. The following decade, 1955-1965, was marked by consistent economic growth - though quality did not improve - based on domestic resources, modernization in agriculture and the building of industries using the latest technologies bought from the West.

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