Moldova : Rekindling Economic Dynamism
This current Country Economic Memorandum is intended to provide a comprehensive analysis of growthconstraints and recommendations. While it updates some aspects of these earlier studies, its main focus is on enterprise performance. Insofar as enter...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/679951561566645653/Moldova-Rekindling-Economic-Dynamism http://hdl.handle.net/10986/32035 |
| Summary: | This current Country Economic Memorandum
is intended to provide a comprehensive analysis of
growthconstraints and recommendations. While it updates some
aspects of these earlier studies, its main focus is on
enterprise performance. Insofar as enterprise performance
occurs in a larger institutional context, this focus
necessarily touches on several of the earlier themes,
particularly the rule of law, business regulation, and
education. The first chapter presents a diagnostic that
highlights the problem of falling productivity in the
enterprise sector and points to elements of market structure
(particularly state ownership) that undermine productivity
growth and curtail the growth of the private sector. This
chapter also focuses on demand-side issues in export
markets, and highlights policy lessons from sectors with
high productivity that could drive future growth. A second
chapter focuses on foreign firms, which are high
productivity enterprises within Moldova, and looks at
investment promotion and ways to improve the contribution of
Foreign Direct Investment (FDI) to the economy. Subsequent
chapters extend the analysis to incentives shaping
enterprise performance and opportunities for growth led by
the private sector, particularly: competition and regulatory
policies (Chapter 3); tax policy insofar as it affects
incentives and tax buoyancy that underpin macroeconomic
stability (Chapter 4); and finally, education as a crucial
input into enterprise development (Chapter 5). |
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