Investments of Foreign Capital in the Romanian Economy at the Beginning of the XXth Century
Investments of Foreign Capital in the Romanian Economy at the Beginning of the XXth Century
Author(s): Daniela BuşăSubject(s): Economic history, Recent History (1900 till today)
Published by: Muzeul de Istorie „Paul Păltănea” Galaţi
Keywords: Romania; foreign investments; capital; XXth century
Summary/Abstract: Taking its stand on statistic data, the study analyses the type, the amount and the economic impact of the investments of foreign capital in Romania, at the beginning of the XXth century. Foreign capital played an important role in the development of the modern economical relations in Romania, but, since the major objective pursued by the investors was their own profit, the area of the these investments was drastically limited to those fields engendering a certain and fast profit. The exploitation of the mineral resources (especially oil) and the projects of development of the infrastructure, having the Romanian state as a partner, were particularly preferred. On the other side, the industry lacked noticeable investments and, therefore, it remained at a backward stage of development. The analysis of the flow of foreign capital to Romania also represents an aid to a proper understanding of the geopolitical interests involving Romania around the time of the WWI.
Journal: Danubius
- Issue Year: XXIX/2011
- Issue No: 1
- Page Range: 205-218
- Page Count: 14
- Language: English