DEINDUSTRIALIZATION AND INDUSTRIAL CONVERSION – A FRAMEWORK FOR RESTRUCTURING IN REAL ECONOMY
DEINDUSTRIALIZATION AND INDUSTRIAL CONVERSION – A FRAMEWORK FOR RESTRUCTURING IN REAL ECONOMY

Summary/Abstract: In recent years the Romanian economy has followed a path characterized by high distortion, winding and the lack of viable economic strategy. The economic unsustainability of the main industrial sectors and structural imbalances led to a chronic inefficiency of most industrial sectors. Reducing the share of industry in all national economy, due to various causes, is part of a natural process of economic development, where activities concentrate more and more from primary and secondary sectors to tertiary sectors. The concern regarding dezindustrialization expressed repeatedly in economic literature has, however, no grounds, in the light of some arguments.

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