The Economic Dimension of a Decision on a Territorial Exchange: Southern Bessarabia for Northern Dobruja
International Conference "Risk in Contemporary Economy" 2019
11 Pages Posted: 2 Jul 2019
Date Written: June 30, 2019
A territorial change could have complex economic consequences for both the country that annexed a province and the country that lost it. This paper approaches the economic aspects of the territorial exchange from 1878, when Romania received the Northern Dobruja as a compensation for losing Southern Bessarabia. The economic potential of Northern Dobruja played a major role in the controversial decision of the Romanian Government to accept, de facto, the territorial exchange.
Keywords: Regional Development, Economic Values of the Territories, Decisions on the Territorial Exchanges, Counterfactual History
JEL Classification: N13, N44, R10
Suggested Citation: Suggested Citation