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Authors: NORBERT PETROVICI.
VIEW PDF: BOOK REVIEW - DEPENDENCY AND DEVELOPMENT. THE POLITICAL ECONOMY OF ROMANIAN CAPITALISM BY CORNEL BAN. CLUJ-NAPOCA: TACT PUBLISHING HOUSE, 2014, 293 PAGES
Cornel Ban’s “Dependency and development. The political economy of Romanian capitalism” is a contribution both to the sociology of development and heterodox economics. Romanian modern economic history unfolds in eight chapters covering the period from the dawn of the local capitalist state, in mid-19th century, to the contemporary state policies, in the aftermath of the 2008 Great Depression. The reader is invited to follow the institutional complementarities and contradictions that emerged in the region and in Romania in relation to policies regarding financing, investment, industrial development, international trade and the labour market. The decisions taken in these various economic spheres are shown to be connected, producing consistent policy regimes. The attention to history makes visible successive economic decisions, in a twofold way: as species of the various Central and Eastern European attempts to escape the peripheral status in the capitalist world system and as strategies that have continuities, effects and are subject to reinterpretation across historical epochs.
