This paper examines the Romanian economy and its version of capitalism from a long-term perspective and in a broad context. It focuses on economic prospects in the face of a legacy of backwardness and the endurance of domestic weaknesses, in the context of the Great Recession and the eurozone...

The emergence of entrepreneurship in post-socialist Romania is analyzed.At the core of the analysis are three questions: (1) what are the social origins of the categories (employers, petit bourgeois, farming) of post-socialist Romanian entrepreneurs? (2) what types of resources (political,...

How has the Great Recession shaped the institutional landscape of peripheral European market economies? Looking at the dynamic institutions of Romanian capitalism the paper finds evidence of the further transformation of this economy during the 2000s away from incoherent “cocktail...