2002 OECD Economic Surveys: Romania 2002

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This 2002 edition of OECD's Economic Survey of Romania examines recent economic developments, policies and prospects. It includes special features on co-ordination of reforms and exit and entry in the enterprise sector.

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The difficulties of reforming the large-scale enterprise sector in Romania have been described in Chapter 'Exit'. Much time was lost during the last decade. While it would be important to accelerate the transformation of the economy and conclude this process, the extent to which restructuring needs to be done in a relatively short period is rather daunting. Realistically, this problem will take several years and strong determination in carrying out the necessary reforms. For this reason, the development of a new private sector becomes especially important and needs to be seen as the main engine of restructuring and growth in the economy.

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