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Studies and researches
Vol. 10 Issue 2 - 12/2018
Young Romanians: Entrepreneurs in their Home Country?
As outward migration and brain drain reach record numbers in Romania, we explore the pull factors that might contribute to a reversal. This paper presents the findings of the first large scale survey on the entrepreneurial intentions of the Romanian Diaspora. We have specifically targeted the category of graduates and young professionals as having the highest flexibility to relocate. The findings of our survey show a large inclination to start a business venture in the home country (79%). The main field in which the young Romanian Diaspora would be interested to develop an entrepreneurial project is IT&C (35.67%). We compare those findings with those from a domestic survey targeting the same age group, and find little differences in preferences, suggesting that country of residence is not a significant differentiating factor in the decision to start a business. The main perceived impediment for entrepreneurship in Romania is still excessive bureaucracy (76.03%). The reverse migration patterns are important for any developing economy in the world, as the case of Romania shows, where the return of the 200,000 Romanians (5%) could (gradually) contribute on the medium term with more than 11.5 billion euro to the country’s GDP. Read more
Keywords:
entrepreneurship, Romania, Diaspora, outward migration, EU funding

JEL:
O15, M20, D84
Studies and researches
Vol. 10 Issue 2 - 12/2018
State Formation in Romania: A Successful Story of Nationalism and Centralization, 1848-1864
Historically, the Romanian state’s formation began roughly with the Revolution of 1848, the first concrete, major movement for the unification of the Romanian principalities. Following decades of building both internal and external support for the idea of a single Romanian state, Moldavians and Wallachians benefited from a favourable global context and accomplished the union of 1859. This was based on the Paris Convention of 1858, which acknowledged Romanian unionist ideals. This de jure unification was, however, only the first stage in the process of the Romanian state’s formation. An extensive and multifaceted development of administrative centralization comprised the second stage of state formation, which corresponds to the de facto unification. Considering the two distinct phases of Romanian state formation, 170 years after the first step toward Romanian unification and 100 years after its full expression in 1918, this article argues that the two factors that best account for the successful formation of the Romanian state are nationalism and centralization. Read more
Keywords:
state formation, nationalism, centralization, unification, Romania

JEL:
F52, F59, O52
EJIS is published under the research grant no. 91-058/2007 The Development of Interdisciplinary Academic Research Aimed at Enhancing the Romanian Universities International Competitiveness, coordinated by the Bucharest Academy of Economic Studies and financed by CNMP Romania.
The Call for Papers is:

OPEN

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