Moldova - After the Global Crisis : Promoting Competitiveness and Shared Growth

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:14:01Z
dc.date	2012-03-19T10:14:01Z
dc.date	2011-06-14
dc.date.accessioned	2023-02-17T20:42:01Z
dc.date.available	2023-02-17T20:42:01Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20111214012758
dc.identifier	http://hdl.handle.net/10986/2805
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243168
dc.description	This report argues that in the future Moldova will need to develop a second engine of growth from exports of goods and services. We argue that Moldova needs to resurrect agro-based exports, to raise their value by exporting to higher value markets, and develop service exports in order to provide job opportunities for underemployed tertiary graduates. To be successful in doing so, the government will need to implement deep fiscal and structural reforms to break the cycle, while taking advantage of productivity gains. Much needs fixing, and Moldova's public sector does not have the capacity to fix it all. Moldova's leaders need to reach consensus on a comprehensive and sequenced growth and poverty reduction strategy. This report sketches out what such a strategy should contain. The author suggests that geography and the Government's policy stance fundamentally shape Moldova's economic growth potential and the path and priorities that a growth strategy should follow. Government needs to accelerate reforms so that the country can emerge from the global crisis-induced recession with faster and less vulnerable growth. Business as usual will not suffice. The world's capital markets have become tighter, foreign investors more demanding, and export markets more competitive. In April 2009, Moldova's youth indicated that that they can no longer stand aside and watch Moldova fall behind, they have called for a politics of aspiration, and they will demand economic policies consistent with these aspirations.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO INFORMATION
dc.subject	ACCOUNTABILITY
dc.subject	ACCOUNTING
dc.subject	ACCRUALS
dc.subject	AGRICULTURAL PRODUCTS
dc.subject	AGRICULTURE
dc.subject	ASSET MANAGEMENT
dc.subject	BANK FINANCING
dc.subject	BANKING SECTOR
dc.subject	BANKS
dc.subject	BINDING CONSTRAINT
dc.subject	BUDGET DEFICIT
dc.subject	BUDGET SURPLUSES
dc.subject	BUDGETING
dc.subject	CADASTRE
dc.subject	CAPITAL BUDGETING
dc.subject	CAPITAL EXPENDITURES
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL INVESTMENT
dc.subject	CAPITAL INVESTMENTS
dc.subject	CAPITAL MARKETS
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPETITIVE MARKET
dc.subject	COMPETITIVENESS
dc.subject	CONSOLIDATION
dc.subject	CONSUMERS
dc.subject	CONSUMPTION EXPENDITURE
dc.subject	CORPORATE GOVERNANCE
dc.subject	COST OF CAPITAL
dc.subject	COST-BENEFIT ANALYSES
dc.subject	CROSS SUBSIDIES
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	DEVALUATION
dc.subject	DEVELOPMENT POLICY
dc.subject	DISINFLATION
dc.subject	DISPOSABLE INCOME
dc.subject	DIVERSIFICATION
dc.subject	DOMESTIC MARKET
dc.subject	DOMESTIC PRODUCTS
dc.subject	DURABLE
dc.subject	DURABLE GOODS
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC CONCENTRATION
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	ECONOMIC EXPANSION
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC POLICIES
dc.subject	ECONOMIES OF SCALE
dc.subject	EDUCATION LEVEL
dc.subject	EDUCATION SYSTEM
dc.subject	ELASTICITY
dc.subject	EMERGING MARKETS
dc.subject	EMPLOYERS
dc.subject	EMPLOYMENT GROWTH
dc.subject	ENTERPRISE PERFORMANCE
dc.subject	EQUIPMENT
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXPORT COMPETITIVENESS
dc.subject	EXPORT GROWTH
dc.subject	EXPORTERS
dc.subject	EXPORTS
dc.subject	EXPROPRIATION
dc.subject	FARMERS
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL MANAGEMENT
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL STATEMENTS
dc.subject	FINANCIAL SYSTEM
dc.subject	FISCAL DEFICIT
dc.subject	FISCAL POLICY
dc.subject	FISHING
dc.subject	FIXED CAPITAL
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN INFLOWS
dc.subject	FOREIGN INTERESTS
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTORS
dc.subject	GDP
dc.subject	GLOBAL CAPITAL
dc.subject	GLOBAL CAPITAL MARKET
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL TRADE
dc.subject	GNP
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT REGULATIONS
dc.subject	GOVERNMENT SPENDING
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROSS FIXED CAPITAL FORMATION
dc.subject	GROSS NATIONAL PRODUCT
dc.subject	GROWTH POTENTIAL
dc.subject	HOLDING
dc.subject	HOST COUNTRIES
dc.subject	HOUSING
dc.subject	HUMAN CAPITAL
dc.subject	INDEBTEDNESS
dc.subject	INDEXATION
dc.subject	INFORMATION ON BORROWERS
dc.subject	INFRASTRUCTURE INVESTMENTS
dc.subject	INHERITANCE
dc.subject	INPUT USE
dc.subject	INSURANCE
dc.subject	INSURANCE PRODUCTS
dc.subject	INTELLECTUAL PROPERTY
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL FINANCIAL CRISIS
dc.subject	INTERNATIONAL RESERVES
dc.subject	INVESTING
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT PROJECTS
dc.subject	JOB CREATION
dc.subject	JUDICIAL SYSTEM
dc.subject	LABOR FORCE
dc.subject	LABOR FORCE PARTICIPATION
dc.subject	LABOR FORCE SURVEY
dc.subject	LABOR MARKET
dc.subject	LABOR PRODUCTIVITY
dc.subject	LACK OF COMPETITION
dc.subject	LAND PRODUCTIVITY
dc.subject	LAWS
dc.subject	LEGISLATION
dc.subject	LEGISLATIVE FRAMEWORK
dc.subject	LOAN
dc.subject	LOCAL ECONOMY
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MARKET ACCESS
dc.subject	MARKET DEVELOPMENT
dc.subject	MARKET ECONOMIES
dc.subject	MARKET PARTICIPANTS
dc.subject	MARKET PLAYERS
dc.subject	MARKET SHARE
dc.subject	MICRO DATA
dc.subject	MIGRATION
dc.subject	MONETARY AUTHORITIES
dc.subject	MONETARY FUND
dc.subject	MONOPOLIES
dc.subject	MORTGAGES
dc.subject	NATIONAL BANK
dc.subject	NET EXPORTS
dc.subject	NET LOSS
dc.subject	NEW ENTRANTS
dc.subject	NON-PERFORMING LOAN
dc.subject	NPL
dc.subject	OPEN ECONOMY
dc.subject	PAYMENT SYSTEM
dc.subject	PENSION
dc.subject	PENSION REFORM
dc.subject	PENSION SYSTEM
dc.subject	PENSIONS
dc.subject	POLICY RESPONSE
dc.subject	PRICE INCREASES
dc.subject	PRIVATE CONSUMPTION
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATIZATION
dc.subject	PRODUCERS
dc.subject	PRODUCTIVE INVESTMENTS
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROFITABILITY
dc.subject	PROPERTY RIGHTS
dc.subject	PUBLIC BUDGET
dc.subject	PUBLIC POLICY
dc.subject	PUBLIC SERVICES
dc.subject	PUBLIC SPENDING
dc.subject	PURCHASING POWER
dc.subject	QUALITY STANDARDS
dc.subject	QUOTAS
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL GDP
dc.subject	REAL PRICES
dc.subject	REAL SECTOR
dc.subject	REAL WAGES
dc.subject	REGULATORY PRACTICES
dc.subject	REMITTANCE
dc.subject	REMITTANCES
dc.subject	RESERVES
dc.subject	RETIREMENT
dc.subject	RETURN
dc.subject	RETURNS
dc.subject	RISK AVERSION
dc.subject	SAVINGS
dc.subject	SAVINGS INSTRUMENTS
dc.subject	SHARE OF INVESTMENT
dc.subject	SMALL FARMS
dc.subject	SOCIAL COSTS
dc.subject	SOCIAL INSURANCE SYSTEM
dc.subject	STOCK EXCHANGE
dc.subject	STOCK EXCHANGE LISTING
dc.subject	SWAP
dc.subject	TAX
dc.subject	TAX ADMINISTRATION
dc.subject	TAX COLLECTIONS
dc.subject	TAX POLICY
dc.subject	TAX REVENUE
dc.subject	TAX REVENUES
dc.subject	TELECOMMUNICATIONS
dc.subject	TERMS OF TRADE
dc.subject	THE NATIONAL BANK OF MOLDOVA
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TOTAL OUTPUT
dc.subject	TRADE BALANCE
dc.subject	TRADE DEFICIT
dc.subject	TRADE POLICY
dc.subject	TRADE REGIME
dc.subject	TRADING
dc.subject	TRANSACTIONS COSTS
dc.subject	TRANSPARENCY
dc.subject	TRANSPORT
dc.subject	UNEMPLOYMENT
dc.subject	UNEMPLOYMENT RATE
dc.subject	UNEMPLOYMENT RATES
dc.subject	UNION
dc.subject	VALUE ADDED
dc.subject	VALUE OF OUTPUT
dc.subject	WAGE DIFFERENTIALS
dc.subject	WAGES
dc.subject	WAREHOUSE
dc.subject	WAREHOUSE RECEIPT
dc.subject	WAREHOUSE RECEIPT SYSTEM
dc.subject	WELFARE GAINS
dc.subject	WITHDRAWAL
dc.subject	WTO
dc.title	Moldova - After the Global Crisis : Promoting Competitiveness and Shared Growth
dc.type	Economic & Sector Work :: Other Poverty Study
dc.coverage	Europe and Central Asia
dc.coverage	Europe
dc.coverage	Eastern Europe
dc.coverage	Commonwealth of Independent States
dc.coverage	Moldova