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The Regional Disparities. Foreign Direct Investment in Romania

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Author(s): IBOLYA KURKÓ

Journal: Romanian Review of Regional Studies
ISSN 1841-1576

Volume: II;
Issue: 2;
Start page: 64;
Date: 2006;
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Keywords: Foreign direct investment | Disparities | Subscribed social capital

ABSTRACT
After the collapse of its economic system, Romania entered a new economic, social, and political period named transition. The transition from a planned economy to a market oriented one, the opening of the borders, the consolidation of the political and juridical systems led to the appearance of foreign direct investment as well as to its permanent increase. Against the frame of internal changes, the Romanian foreign policy evolved in a new direction marked by the country joining NATO and its accession to the European Union. After 1989, economic, political, and demographical changes influenced all Romanian settlements. Still, these changes had selective effects pushing some counties to progress and other to decline. Foreign investment concentrated especially in the areas where the infrastructure already built, the development level, and accessibility were more significant as well as the area where the local factors were more interested in making changes. This contributed to regional disparities as investment focused especially in Bucharest and in the North-West and West Development Regions. In our study we present the evolution of foreign direct investment in Romania in the last years and the disparities between regions and counties.
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