Skip to main content
Log in

Learning from a Flower Market in Romania: Community, social fabric and the promise of economic prosperity

  • Local/Global Encounters
  • Published:
Development Aims and scope

Abstract

Alexandru Balasescu proposes ways to counter the current economic crisis in a small community in Bucharest, Romania. Drawing on the experience of various actors in ‘La Bomba’ he suggests that a collaboration of NGOs, Big Businesses, Government and Universities may transform the social fabric into a more economically prosperous one. He exposes the multiple layers of development and economic crisis as he argues that the key to change is to build trust between different types of institutions and encourage entrepreneurial spirit in all of them.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Figure 1
Figure 2
Figure 3
Figure 4
Figure 5

Similar content being viewed by others

References

  • Ferguson, James (2007) Global Shadows. Africa in the neo-liberal world order, Durham, NC: Duke University Press.

    Google Scholar 

  • Yunus, Muhammad and Karl Weber (2007) Creating a World without Poverty: Social business and the future of capitalism, New York, NY: PublicAffairs.

    Google Scholar 

Download references

Authors

Additional information

Suggests that the key to change is to build trust and entrepreneurial spirit among different types of institutions

Rights and permissions

Reprints and permissions

About this article

Cite this article

Balasescu, A. Learning from a Flower Market in Romania: Community, social fabric and the promise of economic prosperity. Development 53, 410–415 (2010). https://doi.org/10.1057/dev.2010.58

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1057/dev.2010.58

Keywords

Navigation