by Alina Mungiu-Pippidi On 2 February 1996, the associ-ation agreement between Romania and the European Union came into force. Although few people in Romania understood at the time, it represented the engagement of the Romanian economy in a way for which it was far from prepared. The following year, the trade deficit almost doubled. Economist Ilie Serbanescu labeled this “the […]
You have reached a premium content area of Transitions. To read this entire article please login if you are already a Transitions subscriber.
Not a subscriber?
Subscribe today for access to:
Full access to the website and archive of over 26,000 articles
Exclusive monthly, members-only newsletter offering behind-the-scenes views from our contributing writers
A guest, two-month subscription to share with a friend
