Economic Openness: Romania case study

This report from the UK think tank The Legatum Institute highlights many reasons to be optimistic about Romania.

Since the fall of Communism in 1989, Romania has built a multi-party democracy, raised living standards from the abysmal levels of the Ceausescu era, and achieved membership of NATO and the EU. These events in Romania’s modern history mark the significant progress made towards greater Economic Openness and are solid foundations for stronger and inclusive growth. Romania enjoys the advantages of a strategic geographical position as a key trade gateway between Western Europe and Asia, access to the single market with no trade tariffs within Europe, and ample natural resources including offshore gas and fertile agricultural land.

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