Economic Sovereignty: Between Slogans and Realities
In the speeches of some politicians and in the writings of some Romanian journalists and economists, the slogan of economic sovereignty is often present. The economic conception expressed by this phrase is obviously inspired by the xenophobic-autarchic model of the Communist economy, but it is also reminiscent of the “Through Ourselves” policy applied in the interwar period. In order to be economically independent, Romania must come out of the world in one way or another! The problem is that in the face of globalization, leaving the world can have serious consequences. Ultimately, autarky means reducing imports and limiting foreign capital inflows, which impedes economic development and makes economic sovereignty impossible. More