PREMISES AND OPPORTUNITIES OF THE REPUBLIC OF MOLDOVA FOR SUSTAINABLE DEVELOPMENT IN EUROPEAN CONTEXT

Grigore Belostecinic () and Corneliu Gutu
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Grigore Belostecinic: Academy of Economic Studies, Chisinau,Republic of Moldova
Corneliu Gutu: Academy of Economic Studies, Chisinau,Republic of Moldova

Romanian Journal of Economics, 2008, vol. 26, issue 1(35), 5-32

Abstract: Applying the principles of sustainable development and ensuring sustainable economic development are of primordial actuality for the Republic of Moldova. Promoting sustainable development presupposes correlating economic growth with improving the quality of life and health, education, social development and environmental protection. The issue of sustainable development as a complex phenomenon is approached under the conditions of the influence exerted by some constraints and restrictions, of the existence of some serious economic, social and technological gaps in regional and European context. The analysis of the external commercial flows of goods highlights the predominance in exports of products from the traditional economic sectors. Improving competitiveness of export is regarded as the decisive factor of sustainable economic growth. For the chapter regarding the reform of the investment climate, modest successes are recorded which did not give the necessary impetus to massive foreign capital entries under the form of foreign direct investments as compared with other Central and Eastern European countries. The low attractiveness for foreign direct investments is attenuated by the small size of the local market and the low purchasing power of the population. Ensuring economic sustainable development is approached within the context of creating the necessary premises and valuing the opportunities provided by the protects for European integration of the Republic of Moldova.

Keywords: macroecomics and monetary economics: general; macroeconomic aspects of international trade and finance (search for similar items in EconPapers)
JEL-codes: F4 (search for similar items in EconPapers)
Date: 2008
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