MEGA - Moldova Economic Growth Analysis № 8 / 2013 Cover Image

MEGA - Moldova Economic Growth Analysis № 8 / 2013
MEGA - Moldova Economic Growth Analysis № 8 / 2013

Author(s): Ana Popa, Valeriu Prohniţchi
Subject(s): National Economy, Economic policy
Published by: EXPERT-GRUP Centrul Analitic Independent
Summary/Abstract: The economic crisis that Moldova faced in 2012 was obviously caused by external and meteorological shocks. At the same time, as we have pointed out repeatedly in previous editions of MEGA, the vulnerability of the Moldovan economy to exogenous factors is often amplified by internal deficiencies caused by unrealized structural reforms, immature institutions and failed policies. As an example, we mention only one aspect: the fact that in 2012 Moldova lost the competition with other countries in the region in attracting foreign direct investments - and, let's face it, it was on the verge of losing several large companies foreigners already in the country - it has nothing to do with the economic crisis in Europe and the severe drought that affected the country. All this proves that, in general, the Government has not yet proven to be sufficiently capable of systematically addressing the deficiencies of the business climate in the country.

  • Page Count: 41
  • Publication Year: 2013
  • Language: Romanian
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