ASPECTS OF THE ROMANIAN TRANSITION

For Romania, like for all other ex-communist countries from Eastern Europe, the transition from the rigid centrally planned economic system to the free-market economy, fair competition based, was an amazing experience. From the academic standpoint, the economic reform was a huge research opportunity, as well – with extremely important practical consequences. Based on the case of Romania, the author has developed an original, bi-dimensional matrix model of this transition process, emphasizing the typology of four basic economic systems. Managerial aspects are underlined – for both economic systems and transition process – as well as some stability considerations. Two features of the transition strategy are presented: the transition path and duration of the process. The general model is applied in case of Romania and some interesting findings are presented, but it is fully applicable to all Eastern European countries and not only