1. Romania, a special case
... in as far as the macroeconomic development is con-cerned, corruption, legal uncertainty, excessive red-tapism, the underground economy and the very slow progress of the privatization process remain the major impediments in the way of a significant economic upturn. Viewed against this background, it is not at all surprising that inward investments, which have settled around 1 billion US- dol-lar per ... take the necessary steps on their own. Thus it appears questionable after all, whether an un-compromising action against this, in the case of Romania so ancient evil is even de-sired. Bec...
- Word Count: 6376
- Approx Pages: 26
- Grade Level: Undergraduate