State-Owned Enterprises in Romanian Legal History in the First Part of the 20th Century
Keywords:legal history, state-owned enterprises (SOE), Romania, the 20th century, measures for the protection of national interest, incompatibility, state-owned enterprise in direct administration
The present study proposes an analysis of the regulation of state-owned entreprises (SOEs) during the first part of the 20th century, until World War II, which had occurred concomitantly with political regime change in Romania. During my research I have taken into consideration the status of SOEs in Romania as active subjects of the economy in this period. In this regard I focused on three aspects. In what way did the state succeed in being a good owner? From its position of power, how has the state fulfilled its obligations to serve the public interest? At the same time, did the change of regulations guarantee the SOE’s success, and if yes, then in what way? It is a fact and reality that maybe the 20th century registered the most important changes in the history of SOE’s. The Romanian economy, based predominantly on agriculture, put the leaders of the country before a great challenge, taking into consideration the last century’s powerful industrialization, the big Western European companies, and the influx of foreign capital. Working out the state’s role in defining the general wellbeing assured by the Industrial Revolution, the two World Wars, the Great Depression in the late twenties presented serious tasks to the leaders of Romania.