ABSTRACT
Romania has shown little interest in shock therapy and the pace of market reform has been leisurely, which is hardly surprising in view of the very high level of centralization under the Communist system. Former Communist Party members are prominent in the new regime and elements in the governing Party of Social Democracy, formerly the Democratic National Salvation Front, may wish to combine a slow relaxation of state ownership with increased personal involvement in the economic sphere. The new civil society is generally apprehensive about a market economy. The Romanian government has taken a cautious approach towards the reorganization and privatization of industry. The Romanian village is witnessing restrained growth as farmers spend their modest incomes and some migrants return from the towns and establish small businesses, overwhelmingly in the tertiary sector.
