Acta Universitatis Danubius. Juridica, Vol 3, No 1 (2007)

Abstract

The changes that occur in an economy and, implicitly, in a society by striking a key threshold, that cannot be repeated objectively, as they are the expression of a unique process in the history of the universal economy that is “the transition from plan to market”. The only element worthy to be taken into consideration is the number of years until achieving the critical mass, that is able to give indications on the nature of the transitional process and consequently on the state where the recovery of the trend towards savings / investment, at the moment of attaining the critical mass. The economic measure, both historical and paradigmatic accomplished in the article in question, proves that there are several steps that an economy has to cross, in order to come back, and that is, on the one hand at the level of institutional development (in terms of institutions of a free market), and on the other hand, for coming gradually closer to the current level of development of industrialized countries (colloquial Western being implied both Western Europe the U.S. and Canada).