SUCCESSES AND FAILURES IN REFORMS IMPLEMENTATION PROCESS IN THE REPUBLIC OF MOLDOVA

Lilia Ghitiu, Zinovia Toaca and Zaharia Olarescu

Contemporary Economy Journal, 2018, vol. 3, issue 1, 105-111

Abstract: A brief look on current socio-economic situation of the country denotes its tedious condition as a result of many years of reforms which have come across and which have not been successfully at all. The greatest difference is observable when we compare with other states ‘situation in the region. The paper is based on an analysis of information (data) from the period of 2000-2016 years, delivered by the National Bureau of Statistics on Gross Value Added, salary fund, number of employees and number of working hours per national and branch economy. Also, was used statistical information of other countries in the benchmarking. The research reveals low levels of labor productivity and low wages in the national economy in comparison with countries from the region. The unsatisfactory economic development caused by reforms lack placed the Republic of Moldova on the last places among compared countries. The GDP growth rates registered in the years of independence of our country will not allow a crucial changing of things in the nearest future.

Keywords: labor productivity; labor cost; average wage (search for similar items in EconPapers)
JEL-codes: E24 J24 J30 J31 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:3:y:2018:i:1:p:105-111

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