The role of Chambers of Commerce and Industry in Romania’s trade policy: the interwar model Cover Image

The role of Chambers of Commerce and Industry in Romania’s trade policy: the interwar model
The role of Chambers of Commerce and Industry in Romania’s trade policy: the interwar model

Author(s): Dragoș Păun, Ciprian Adrian Păun
Subject(s): Politics / Political Sciences, Politics, History, National Economy, Economic history, Recent History (1900 till today), Economic policy, International relations/trade, Interwar Period (1920 - 1939)
Published by: Bogdan Vodă University Press
Keywords: Chambers of Commerce; economic modernization; interwar Romania; trade policy;

Summary/Abstract: This article examines the role of Chambers of Commerce and Industry in shaping Romania's trade policy during the interwar period. It highlights how these institutions contributed to the development of domestic and foreign trade by supporting regulatory reforms, advocating for free trade, and representing commercial interests in state policies. The study also explores the legislative frameworks and trade strategies employed, including the establishment of free zones, free ports (porto franco), and export premiums. Despite economic challenges such as the Great Depression and Romania’s integration into the Axis economic system, the Chambers played a pivotal role in fostering economic modernization and aligning the country’s commerce with broader European trends. However, the lack of a coherent long-term strategy and overreliance on state intervention often limited the effectiveness of these efforts. By analyzing policies and their impact, the article sheds light on the interplay between state authority and institutional initiatives in Romania’s economic history.

  • Issue Year: 2/2024
  • Issue No: 4
  • Page Range: 37-48
  • Page Count: 12
  • Language: English
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