International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Necessary Reassessments: The National – State Judgments in a Globalised World. Case Study on the Thinking of “The Universalist” Economist Mihail Manoilescu
Ion Pohoaţă, Oana-Ramona Socoliuc, Delia-Elena Diaconaşu

The aim of this article is to demonstrate that in an increasingly globalised world the argumentation offered almost a century ago by the Romanian economist Mihail Manoilescu, regarding the design of an economic policy requires clear reconsideration. We want to emphasise the realness or, on the contrary, the inadequacy of Manoilescu’s theory concerning the core ideas of its endeavour, namely: related costs, national average productivity and protectionism, the policy of industrialisation and agriculture development, etatism and nationalism or the cooperative and financial–monetary policy. As opposed to the existent studies on this topic, we intend a synthetic analysis. We are interested in finding out which part of the entire work of the famous Romanian economist remains valid when the real global economy is addressed. Generally, we conclude that most of his arguments, which were embraced by emergent economies in the immediate post-war period, are no longer appropriate.

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