Jul 4, 2019

Laura Tyson lauds Ceausescu's Romanian economy

[Rumania achieved] dazzling growth rates in the 1970s.  Investment grew more rapidly in Rumania than in the other [Eastern] Bloc countries throughout most of the postwar period, and by 1974, Rumania's investment effort, expressed as a share of material product, was the highest in the Bloc and perhaps in the world.

~ Laura Tyson



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