between 1950 and 1990, romanian economy was characterized by a supra-centralization in planning, command and control. the economy manifested through an extensive development, being extra-dimensioned, consuming too much energy and having, in many fields, old technology.
romanias economical structure in that period of time was based on the raw material market of council of economic help caer. in that time, the communists tried to change the agrarian economy rudimentary equipped to an industrial one. the general tendency was industrialization at any price and to distribute the industrial centers in all the country. in order to achieve their plans, the communists allocated more than 13 of the national savings aggregate income minus consumption minus government purchases for development, meaning that each unit from national savings was produced with bigger and bigger spending.
the economic objectives that characterized the last two decades before the 1989 revolution were forc...
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