Download or read book Moldova Trade Study written by Weltbank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite strong economic growth since 2000, Moldova remains one of the poorest countries in the region. Excessive reliance on remittances, export dependency on a few products, and insufficient domestic job creation make the Moldovan economy highly vulnerable to external conditions. As a small and open economy, Moldova's development potential is linked to its trade and investment integration strategy. Moldova is situated between two large markets: the European Union (EU), which absorbs more than half of Moldova's exports, and the Russian Federation. Reducing the economic distance to large regional markets and reaping the benefits of openness is key to overcoming Moldova's structural constraints and spurring export-led growth. The objective of the Moldova Trade Study is to contribute to a better understanding of the factors and challenges underlying Moldova's foreign trade performance and to identify policy interventions that can enhance the competitiveness of Moldova's exporting firms and the value added of their exports. . The rest of the note is structured as follows: (ii) section two summarizes the analysis of Moldova's export performance; (iii) section three focuses on constraints on Moldova's competitiveness; (iv) in section four, the authors consider alternative trade policy scenarios and their implications for the Moldovan economy; (v) section five synthetizes existing analysis on constraints for agriculture competitiveness and exports, while section six evaluates the performance of free economic zones in Moldova. In the final section, the authors present policy recommendations.
Download or read book Moldova Trade Study written by Weltbank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As a small economy, Moldo ...
Download or read book Moldova Trade Study written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moldova Trade Study written by Weltbank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Moldova's recent Association Agreement with the European Union (EU), which includes a Deep and Comprehensive Free Trade Agreement (DCFTA), represents an important opportunity, as well as challenges. This analytical document has been commissioned by the World Bank Group to provide insights into potential outcomes of the DCFTA and of other trade options that Moldova has, using a Dynamic Computable General Equilibrium (DCGE) model calibrated to its economy. This paper begins by describing the general trends in economic relations between Moldova and the EU over the past 10 years, with an emphasis on trade, as well as Foreign direct investment (FDI) and labor migration. This section includes some additional facts and details that complement the Trade Competitiveness Diagnostic. In the second section, the paper presents the main elements of the DCFTA and highlights the trade commitments and concessions that the EU and Moldova undertook. It also includes a short review of available literature on the ex-ante or ex post impact assessments of other Association Agreements between the EU and third countries that have been done using CGE models. The third section presents key features of the DCGE and discusses the data used for assembling the Social Accounting Matrix (SAM). Then, the main features of the simulated trade scenarios are presented. Finally, this paper discusses the DCGE simulation results, including the effects of the various scenarios on welfare, trade, and economic activity level. Some distributional impacts are also brought into discussion. The final section concludes and makes several recommendations.
Download or read book Moldova Trade Study written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moldova Trade Study written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moldova Trade Study written by Weltbank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1995, Moldova introduced free economic zone (FEZ) legislation with the aim of accelerating socioeconomic development by attracting domestic and foreign investment, promoting exports, and creating employment. Since then, seven free economic zones offering tax and customs benefits have been established. This note assesses the static and dynamic economic benefits of the program in Moldova. The free economic zones have been successful in attracting investment from both domestic and foreign sources. The economic zones have become true export platforms, generating a five-fold increase in exported industrial production from the zones between 2004 and 2014. On average, employment in the economic zones had a robust growth in the last seven years and almost doubled since 2008. Evidence suggests that the economic zones have significantly contributed to the diversification of exports and to the changing structure of the Moldovan economy. The effect of the economic zones on domestic firms appears to be modest, however, and unlikely to contribute to the technological upgrading and sophistication of the Moldovan economy. Free economic zones tend to attract industrial activities requiring intensive use of human resources for certain operations. The economic impact of Moldovan free economic zones is ambiguous. Moldovan legislation provides sound and transparent provisions, but the main issue is how this legislation is implemented. The majority of recommendations are focused on streamlining the implementation process, making it easier for companies to operate. Here are the main recommendations for improving the zones : (i) the importance of fiscal incentives should be downgraded by shifting to targeted services for businesses; (ii) reduce corruption and increase accountability by establishing one-stop-shop procedures and elements; (iii) establish a proper mechanism for monitoring and reporting with the zones residents and administrator; (iv) empower the regulator with additional relevant institutional capacities and capabilities; (v) the role of residents in appointing the administrator should be determinant; and (vi) establish a proper mechanism for compensating residents of the zones for restrictive treatment of the real assets.
Download or read book The Republic of Moldova written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Across the transition economies, there appears to be a strong and positive association between export market growth and economic growth. Export market growth, for its part, has been closely linked to the larger order trade reorientation towards the European Union (EU). This reorientation, in turn, has been associated with product upgrading and investment, commonly undertaken by foreign investors. Given its proximity to the EU, the performance of Moldova's exports to the European Union (EU) has been disappointing. Moldova's exports are still concentrated in a few commodities and are still primarily destined for the CIS market. While macroeconomic stability has been largely achieved, formal and informal trade and investment barriers, including a high bribe tax, have limited much needed restructuring, domestic and foreign investment and quality upgrading. As this study suggests, the achievement of more sustainable export-led growth and poverty reduction will require policies that go beyond formal trade policies. Indeed, a more open trade regime must go hand-in-hand with a good business and investment climate.
Download or read book Moldova Trade Study written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moldova Trade Study written by Weltbank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The agriculture and agri-food sector is a substantial driver of Moldova's international trade and export competitiveness. Enhancing Moldova's agricultural competitiveness is a key element in improving the access of Moldovan agro-food products to the European Union market and capitalizing on the potential benefits from the Association Agreement, including the Deep and Comprehensive Free Trade Agreement (DCFTA). The objective of this note is to examine the competitiveness of Moldova's agriculture sector, and synthesize relevant research on drivers and recommendations on improving agricultural competitiveness in Moldova, for policy makers. This note examines numerous studies that have been done to date on Moldova's agriculture sector and its export competitiveness, synthesizes the findings, and presents recommendations. In order for significant exports to the EU to become reality, Moldova's famers and exporters will need to adhere to the high product quality standards and traceability required in these markets, improve the quality of packaging, and in some cases, adjust the grading specifications. Achieving this requires actions to improve practices during growing and harvest; improve post-harvest handling and infrastructure; and improve the flow of market information and requirements to producers.
Download or read book Republic of Moldova written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moldova Country Study Guide Volume 1 Strategic Information and Developments written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moldova Country Study Guide - Strategic Information and Developments Volume 1 Strategic Information and Developments
Download or read book Interaction Between Foreign Trade Innovation and Competitiveness written by Marica Dumitrasco and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is focused on the importance of interaction between innovation, competitiveness and foreign trade. For the first time with reference to the Republic of Moldova, a multidimensional analysis that allows estimating the influence of export and import flows on the elements of innovational development and to establish directions and best ways in which it can be done, using the WEB simulation tools of International Institutions. The research shows that high-tech exports are concentrated on the medicinal and pharmaceutical products as well as the electrical machinery and its parts. SWOT Analysis for engagement of Republic of Moldova in technology intensity global value chains (GVC) is presented in the book. The research shows that backward participation is predominant type of engagement of the Republic of Moldova in network activity. Goods from Moldova are insufficiently penetrated in income value chains and mostly presented in low-income ones in European countries. The privilege of geographical position near Europe one of the main manufacturing hubs around of which is concentrated GVC is weakly used by Moldova. This study found the same that innovation competitiveness of a country is the main determinant for successful integration of country in the GVC. The study is based on the analysis of the Republic of Moldova's score and position in international indicators and rankings in correlation with the methodology of the World Economic Forum. The results of a study can be applicable for an elaboration of set the appropriate policies in the process of improving the governance of the research and innovation systems as well as an implementation of FTA with EU.
Download or read book Innovation Competitiveness of the Country in Global Trade Landscape written by Marica Dumitrasco and published by . This book was released on 2019 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study highlights the importance of interaction between innovation, competitiveness and foreign trade. This study found the innovation competitiveness of a country is the main determinant for successful integration of country in the Global Value Chains (GVC). The purpose of research is to study the most problematic factors that affecting the innovation competitiveness of the Moldovan economy. The study is based on the analysis of the Republic of Moldova's score and position in international indicators and rankings in correlation with the methodology of the World Economic Forum. The values of innovation, business sophistication and technological readiness factors of competitiveness between Moldova and South-Eastern Europe countries are analyzed in the paper. The study identified that the Republic of Moldova and Serbia recorded low indicators of the innovation and sophistication competitiveness in comparison with other countries of Southeast Europe. At the same time economy of Moldova follows the EU economies on the technological readiness, overcoming the Albanian and Serbian economy in the last years. The study showed that the need to raise the competitiveness by attracting foreign direct investments into research and development, information communication technologies as well as the high-value manufacturing and tradable sectors and by fully and efficiently implementing public institution reform, has become not only important but also urgent because the country is to be capable to strengthen the economic benefits that many countries have reached in past years. The results of study can be used in process of implementation of public administration reform, the elaboration of the National Program of science and innovation of the Republic of Moldova, the improving of governance the research and development in country.
Download or read book Republic of Moldova written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-01-25 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the recent economic developments in Moldova by reviewing the real, fiscal, and external sectors developments; money banking; and structural policies. The study provides a statistical analysis on the composition of fiscal adjustments in the country, and describes the recent trends in social spending and social indicators in Moldova and in other transition economies in the 1990s, the methodology for estimating efficiency in public spending on education and health care, and assesses the current account determination in the country.
Download or read book Study on Regulatory and Procedural Barriers to Trade written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory and Procedural Barriers to Trade in the Republic of Moldova written by United Nations Publications and published by UN. This book was released on 2017 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is a contribution to the Republics of Moldova's trade development efforts. It provides action-oriented recommendations, which draw on extensive primary information collected during face-to-face interviews using UNECE evaluation methodology and consultations with public and private stakeholders.
