September, 2003

Romania: Lessons from the Investors Roadmap

  • Christopher Coyne

    Associate Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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This report synthesizes the result of the Mercatus Center investigation aimed at extending the analysis of barriers to investment in Romania from the perspective of the New Institutional Theory. These results are intended as complementary to the USAID projects already undertaken in Romania. With this end in view, the report is structured along two lines: (1) An assessment of earlier USAID initiatives, specially the application of the IRIS-USAID policies to improve the legislative and regulatory framework for business investment; (2) An alternative analytical approach focusing on the entrepreneurship processes in rural areas from a multilevel institutional perspective building on a methodology based on interviews, fieldwork and media content analysis. Due to the fact that the report is a synthesis of studies, surveys, media analyses, case studies and fieldwork observation files, some of the most relevant details regarding them and the methods and approaches employed are provided in an annex.