The Republic of Moldova : Trade Diagnostic Study
Across the transition economies, there appears to be a strong and positive association between export market growth and economic growth. Export market growth, for its part, has been closely linked to the larger order trade reorientation towards the...
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| Format: | Foreign Trade, FDI, and Capital Flows Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/12/5547167/moldova-trade-diagnostic-study http://hdl.handle.net/10986/14576 |
| Summary: | Across the transition economies, there
appears to be a strong and positive association between
export market growth and economic growth. Export market
growth, for its part, has been closely linked to the larger
order trade reorientation towards the European Union (EU).
This reorientation, in turn, has been associated with
product upgrading and investment, commonly undertaken by
foreign investors. Given its proximity to the EU, the
performance of Moldova's exports to the European Union
(EU) has been disappointing. Moldova's exports are
still concentrated in a few commodities and are still
primarily destined for the CIS market. While macroeconomic
stability has been largely achieved, formal and informal
trade and investment barriers, including a high bribe tax,
have limited much needed restructuring, domestic and foreign
investment and quality upgrading. As this study suggests,
the achievement of more sustainable export-led growth and
poverty reduction will require policies that go beyond
formal trade policies. Indeed, a more open trade regime must
go hand-in-hand with a good business and investment climate. |
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