Moldova : Opportunities for Accelerated Growth, A Country Economic Memorandum for the Republic of Moldova

This Country Economic Memorandum (CEM) explores how Moldova can confront its emerging challenges to growth, and position itself strategically to take advantage of opportunities, by using its strengths more effectively. The focus of the CEM, therefore, is on the identification of the critical binding constraints to growth that can be addressed through public policy. Sustained economic growth, and increased international competitiveness will require a set of policies which encourages faster gains in labor productivity. The recommendations provided by the CEM focus on improving the macroeconomic supporting environment, enhancing the opportunities presented by the large inflow of workers remittances, creating a more dynamic and diversified private sector - particularly in the agricultural sector - and increasing the effectiveness of the Government. While economic performance has been strong since 2000, the CEM highlights the erosion of several important factors that have driven the recent growth. Unless action is taken to address emerging constraints, the Moldovan economy faces the considerable risk that growth and poverty reduction will be slow, and international competitiveness will erode. To ensure that growth and competitiveness are sustained over the medium term, a number of policy adjustments are necessary.

Bibliographic Details

Main Author:	World Bank
Format:	Country Economic Memorandum biblioteca
Language:	English en_US
Published:	Washington, DC 2005-09
Subjects:	ACCOUNTABILITY, ACCOUNTING, ADMINISTRATIVE BARRIERS, ADMINISTRATIVE FRAMEWORK, AGRICULTURAL OUTPUT, AGRICULTURE, BAD GOVERNANCE, BANK LENDING, BANK LOANS, BANKING SYSTEM, BANKRUPTCY, BANKRUPTCY PROCEEDINGS, BARRIERS TO ENTRY, BONDS, BUSINESS ENVIRONMENT, CITIZEN, CITIZENS, CIVIL LIBERTIES, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONSULTATION PROCESS, CONSUMPTION EXPENDITURES, CORRUPTION, DEBT, DEBT SERVICE, DECENTRALIZATION, DECENTRALIZATION REFORMS, DECISION-MAKING, DEFICITS, DEMOCRACY, DISPOSABLE INCOME, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC EXPANSION, ECONOMIC GROWTH, ECONOMIC IMPACT, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC RECOVERY, ECONOMIC REFORMS, ECONOMIC VALUE, EMPIRICAL ANALYSIS, EMPIRICAL EVIDENCE, EMPLOYMENT GENERATION, ENVIRONMENTAL, EQUILIBRIUM, EXCHANGE RATE, EXPENDITURES, EXPORT GROWTH, EXPORTS, FARMS, FINANCIAL CONTROL, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIATION, FINANCIAL MANAGEMENT, FISCAL DEFICITS, FISCAL POLICY, FISCAL RESOURCES, FISCAL REVENUES, FISCAL SUSTAINABILITY, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKET, FOREIGN INVESTMENT, FOREIGN INVESTORS, FOREIGN OWNERSHIP, FORMAL BANKING SYSTEM, FORMAL FINANCIAL SYSTEM, GOOD GOVERNANCE, GOVERNANCE CHALLENGES, GOVERNANCE OBJECTIVES, GOVERNANCE REFORM, GOVERNANCE REFORMS, GOVERNMENT BUDGETS, GOVERNMENT CREDIBILITY, GOVERNMENT POLICY, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, GROWTH PERFORMANCE, HOUSING, INCOME, INFLATION, INFLATION RATE, INFLATIONARY PRESSURES, INSTITUTIONAL CHANGE, INSTITUTIONAL CONSTRAINTS, INTEREST RATES, INTERGOVERNMENTAL FISCAL RELATIONS, INVESTMENT CLIMATE, LABOR COSTS, LABOR FORCE, LABOR PRODUCTIVITY, LABOR SHEDDING, LEGAL FRAMEWORK, LEGISLATION, LOCAL GOVERNANCE, LOCAL GOVERNMENT, LOCAL GOVERNMENT BUDGETS, LOCAL GOVERNMENTS, MACROECONOMIC MANAGEMENT, MACROECONOMIC STABILITY, MACROECONOMICS, MARKET ECONOMIES, MARKET ECONOMY, MARKET POWER, MICROECONOMICS, MONETARY POLICY, MONEY SUPPLY, MOTIVATIONS, ORGANIZATIONAL STRUCTURES, PER CAPITA INCOME, POLICY UNCERTAINTY, POLITICAL DEVELOPMENT, POLITICAL INSTABILITY, PRIVATE SECTOR, PRODUCERS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PUBLIC, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC INFRASTRUCTURE, PUBLIC INSTITUTIONS, PUBLIC INVESTMENT, PUBLIC MONEY, PUBLIC POLICY, PUBLIC RESOURCES, PUBLIC SECTOR, PUBLIC SECTOR GOVERNANCE, PUBLIC SECTOR REFORM, PUBLIC SUPPORT, REAL GDP, REAL WAGES, REGULATORY BURDEN, REPRESENTATIVES, REPUBLICS, RESOURCE MOBILIZATION, RISK MANAGEMENT, ROADS, SAVINGS, SERVICE DELIVERY, SOCIAL PROGRAMS, SOCIAL PROTECTION, SOCIAL SECTORS, STATE ENTERPRISES, STATE OWNERSHIP, STATE-OWNED ENTERPRISES, TAX, TAX ADMINISTRATION, TAX BASE, TAX EXEMPTIONS, TAX RATE, TAX RATES, TAX REVENUES, TAXATION, TOTAL FACTOR PRODUCTIVITY, TRANSITION ECONOMIES, TRANSPARENCY, VALUE ADDED,
Online Access:	http://documents.worldbank.org/curated/en/2005/09/6311158/moldova-opportunities-accelerated-growth-country-economic-memorandum-republic-moldova http://hdl.handle.net/10986/8698
Tags:	Add Tag No Tags, Be the first to tag this record!