Successes of the National Economy Remodeling
Successes of the National Economy Remodeling
Author(s): Alexandru Fală
Subject(s): National Economy, Economic policy
Published by: IDIS VIITORUL Institutul pentru Dezoltare şi Initiative Sociale
Summary/Abstract: The current operating model of the Republic of Moldova economy is based on consumption, which is funded, on a large scale, by remittances. This paradigm is a challenge, despite the fact that it enables the country to develop without involving enhanced efforts to maintain it. With the absorption of migrants by host countries and the reunification with their families abroad it will be unlikely to maintain a massive influx of long-term remittances. In these circumstances it is necessary to change the operating model of the national economy. After the 2009 crisis, one of the basic tasks to ensure the quality development of the Republic of Moldova became “remodeling” the national economy. As a result of the country’s economic transformation process, investments and exports should become the “engines” of growth. This view is exposed in the main policy documents: the activity program of the Government for 2011-2014 “Freedom, Democracy, Welfare” and the National Development Strategy of the Republic of Moldova 2012-2020 “Moldova 2020”.
Series: Moldova’s Foreign Policy Statewatch
- Page Count: 5
- Publication Year: 2012
- Language: English
- Content File-PDF
