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Of the ten Central and Eastern European countries that have applied for membership in the European Union, Romania ranks among the largest and most impoverished. Romania represents the final challenge in the European Union's enlargement to the east, largely due to its major, but underdeveloped, agriculture and food sectors. The agriculture industry, which is a major component of the national economy, extends its pervasive influence to both Romanian social life and environment. Consequently, the transition towards a market oriented economic system will pose new obstacles for the country's farmers, processors, traders, and policymakers. While identifying the impediments that surround Romanian agriculture and its inevitable progression towards transition is a simple task, the challenges lie in recommending solutions. Through careful analysis of numerous recent studies on reform policies in the Romanian agri-food sector during its economic transition, this comprehensive examination offers perspicacious suggestions and insights on the following topics in particular: international trade, credit for agricultural development, price policies, and rural development. The conclusions reached are not only of domestic importance and application, they are also of immediate relevance for many post-socialist countries, for which the agri-food sector is a principal vehicle for rural development.
Dr. Sophia Davidova is Senior Lecturer at the Imperial college at Wye and the University of London, UK. Professor Kenneth J. Thomson is Professor of Agricultural Economics at the University of Aberdeen, UK.
Chapter 1 The Context of Reform and AccessionChapter 2 Agricultural and Trade PoliciesChapter 3 The Growth of Individual Farming in RomaniaChapter 4 Rural Credit for Individual Farmers: A Survey Analysis of Rural Financial MarketsChapter 5 Credit for Emerging Commercial Farmers: A Survey AnalysisChapter 6 A Model of the Impacts of Agricultural Policies on Farm IncomesChapter 7 Price Stabilization Policies in the Romanian Wheat MarketChapter 8 The International Competitiveness of Romanian Agriculture: A Quantitative AnaylsisChapter 9 The Impact of the Association Agreement between Romania and the EU on Romanian AgricultureChapter 10 Rural Development and Pre-Accession Strategy for Romanian AgricultureChapter 11 Modeling the Economic Costs and Benefits of EU AcessionChapter 12 WTO Commitments and CAP Adoption in Romania: Model ResultsChapter 13 Conclusions: Knowns, Unknowns, and Possibilities
. . . this volume provides a comprehensive, well-substantiated view on a rural economy in transition and also offers a set of carefully developed policy conclsions. . . . this book is an important and valuable contribution to the literature on "transition economics" and should be studied by everyone working on Romanian agrculture.