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...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2012
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

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Summary:	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.

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

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