Assessing Economic Development and Quality of Life: A Management Perspective on Romania and the Republic of Moldova

Gina Ioan (), Ionel Sergiu Pirju, Manuela Carmen Panaitescu and Tincuța Vrabie
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Gina Ioan: Department of Applied Science, “Lower Danube” University, 800008 Galati, Romania
Ionel Sergiu Pirju: Faculty of Communications and International Relations, Danubius University of Galati, 800654 Galati, Romania
Manuela Carmen Panaitescu: Faculty of Economic Sciences and Business Administration, Danubius University of Galati, 800654 Galati, Romania
Tincuța Vrabie: Department of History, Philosophy, Sociology and International Relations, “Lower Danube” University, 800008 Galati, Romania

Sustainability, 2024, vol. 16, issue 11, 1-17

Abstract: This article presents a comparative analysis focusing on the economic dimensions of quality of life and explores the factors influencing economic growth and well-being between two countries located in Eastern Europe: Romania—an EU member state since 2007, and Moldova—an EU candidate status since June 2022. By examining statistical data, we assess the relationship between economic growth and development, aiming to discern patterns and dynamics within these countries’ economies. Through this comparative approach, we aim to elucidate how economic factors contribute to societal welfare and living standards. The study underscores the significance of economic management policies and structural reforms in fostering growth and enhancing the quality of life for citizens. By focusing on the economic landscapes of Romania and Moldova, we aim to offer insights into the challenges and opportunities faced by transitioning economies in Eastern Europe, shedding light on strategies for sustainable development and improved well-being.

Keywords: development; living standard; policies and managerial reforms; Romania; Moldova (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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