SMART SPECIALIZATION CONCEPT INTRODUCTION - ECONOMIC DEVELOPMENT CATALYST OF THE REPUBLIC OF MOLDOVA

2020 ◽  
Vol 3 (82) ◽  
pp. 49-59
Author(s):  
L.A. Shavga ◽  
◽  
T.V. Baran ◽  
Keyword(s):  
Economic Development ◽  
Republic Of Moldova ◽  
The Republic ◽  
Smart Specialization

scholarly journals Peculiarities of the dynamics of the enterprises of the Republic of Moldova by size classes

2021 ◽  
pp. 71-79
Author(s):  
Alina Stratila ◽  
◽  
Rina Turcan ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Labor Productivity ◽  
Point Of View ◽  
Enterprise Development ◽  
Economic Activities ◽  
Republic Of Moldova ◽  
Level Of Economic Development ◽  
The Republic ◽  
Micro Enterprises

This article examines the patterns of enterprise development that underlie the evolution of the Moldovan economy over the period 2010-2019 (10 years). The issues of personnel involvement in the economy and labor productivity, profit and profitability of enterprises from the point of view of their classification by dimension class: large, medium, small and micro-enterprises are considered. Attempts was made for identify the regularity between the economic growth of the country and the size of the enterprise carrying out financial and economic activities. The conclusions obtained in the framework of this study allow us to conclude the level of economic development and the prospects for its further growth, including through government intervention to support a particular category of enterprises.

scholarly journals EXCHANGE MARKET PRESSURE INDEX AS A MACROECONOMIC RISK MEASURING INSTRUMENT

2020 ◽  
pp. 10-20
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Foreign Exchange ◽  
Financial Stability ◽  
Foreign Exchange Market ◽  
The State ◽  
Exchange Market ◽  
Republic Of Moldova ◽  
Pressure Index ◽  
The Republic

The financial sector of the Republic of Moldova belongs to the developing ones and is characterized by a higher level of risk and, therefore, a higher likelihood of a systemic crisis. Globalization and development of advanced information technologies not only create great opportunities for rapid economic development, but also pose serious security threats to the economic development of states, especially in a developing economy. In these conditions, the issue of ensuring the financial stability of the state is becoming increasingly relevant. The state of the financial and foreign exchange market represents one of the most important aspects of the financial security of the state. This study has been developed as part of the scientific project 15.817.06.02A "Development of tools for measuring the financial stability of the state". The study analyzes various macrofinancial risk management tools. The purpose of this study was to calculate the pressure index on the foreign exchange market of both the Republic of Moldova and the main partner countries in terms of international trade. The results of related studies conducted by the authors of this work, which revealed that stability indicators in the foreign exchange market are associated with foreign trade risks served as an argument for the authors of the work to calculate the pressure index on the currency market of Romania and the Russian Federation for comparison with the indicators of the Republic of Moldova. Methods used in research include theoretical and comparative approaches, descriptive statistics and econometric models. The results of the research showed that international trade and the foreign exchange market are interdependent. The first can be considered a channel for transmitting the currency crisis, since demand increases with increasing imports, and this leads to increased pressure on the foreign exchange market. Increased exports reduce pressure on the foreign exchange market. But the greatest impact on the foreign exchange market in the Republic of Moldova is made by remittances from abroad, which are directly correlated with the dynamics of labor exports. At the same time, it was concluded that at present, due to macroprudential regulation, there are no linear dependencies in financial markets and, therefore, there are no correlations, but only the interdependence of variables.

scholarly journals Implementation of the principles of effective public administration for sustainable development in Moldova

2021 ◽  
Vol 17 (3) ◽  
pp. 41-51
Author(s):  
S. Rusu ◽  
Ion Partachi
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
United Nations ◽  
Public Administration ◽  
International Organizations ◽  
The State ◽  
World Health ◽  
Republic Of Moldova ◽  
The United Nations ◽  
The Republic

Introduction: The article analyzes the basic principles of an ef­fective public administration in the interests of sustainable develop­ment, lists the legislative acts confirming the commitment to these principles. Also, special attention is paid to the state programs for the implementation of the SDGs in the Republic of Moldova, to the special state bodies that are engaged in the implementation of the SDGs and their goals, as well as to the areas in which the Republic of Moldova cooperates with international organizations in relation to the SDGs. At the end of the article, the authors describe the main problems faced by the Government of the country in implementing the Principles of Effective Public Administration in the Interests of Sustainable Development and achieving the Sus­tainable Development Goals.Methods and materials: The research methodology is based on the following general scientific and special methods of cognition: the method of system-structural analysis, comparative, and formal-logical method.The article analyzes the materials and data provided by the national institutes of the Republic of Moldova, as well as the data and materials of international organizations, including: the United Nations, the Food and Agriculture Organization of the United Nations, the World Health Organization, the United Nations Children's Fund, the In­ternational Organization for Migration, the International Labour Organization, etc.Results: As a result of the study, it became clear that the Republic of Moldova is actively working towards the implementation of the principles of effective public administration in the interests of sustainable development of Moldova. Despite the difficulties faced by the Republic of Moldova, the country still managed to achieve significant results in this area. The documents adopted at the state level contributed to achieving the goals and meeting the main requirements for the pace and quality of economic development in the period up to 2030.By 2030, Moldova is expected to become a country where poverty and corruption are eliminated, inequality is reduced, social inclusion and cohesion are strengthened, so that "no one is left behind", a country where human rights, gender equality and women's empowerment, the rule of law, environmental sustainability and the well-being of the population are respected and promoted.Discussion and conclusions. In its ambition to achieve SDGS, the Republic of Moldova is facing a myriad of challenges. Despite the fact that significant progress was registered, there is still a lot of work to do at all levels of public administration. Moreover, it is also essential to enhance the system for SDGs implementation moni­toring and evaluation. This 2030 Agenda requires a profound change that goes beyond the economic and political situation of the country. Moldova will achieve the key in­dicators of sustainable development and become a favourable country for the life of its citizens if only it will promote economic development policies of the country. 

scholarly journals The Impact of Migration Processes on Development

2021 ◽  
Vol 7 (2) ◽  
pp. 27-40
Author(s):  
Dorin Vaculovschi ◽  
Keyword(s):  
Economic Development ◽  
International Migration ◽  
Migrant Workers ◽  
Labor Migration ◽  
Global Economy ◽  
Public Authorities ◽  
Republic Of Moldova ◽  
Internal Migrants ◽  
The Republic ◽  
The Impact

In recent years, international migration has been growing rapidly and has reached over 272 million people or 3.5% of the world's population, and 740 million people are considered internal migrants (IOM, 2020). Migration has become a defining feature of the modern global economy and the main factors behind its expansion are the processes of globalization itself, technical progress, the new economic order, etc. Since the early 1970s, governments in some countries have seen international migration as a major tool for economic development. Migration, especially labor migration, has become a defining element of economic development for the Republic of Moldova as well. Labor migration has become an important factor in combating poverty and increasing the welfare of the population of the Republic of Moldova. Moldova's economic growth over the last 20 years is due to remittances from migrant workers. There is a very close relationship between migration and Moldova's development prospects. The analysis of the impact of migration processes on the development perspectives of the Republic of Moldova, as well as the role of public authorities in the process of integrating migration into development strategies is the subject of this article.

scholarly journals STATISTICAL ANALYSIS OF THE MAIN INDICATORS IN EARLY EDUCATIONAL SYSTEM IN BACAU COUNTY COMPARED TO THE CENTRAL REGION OF THE REPUBLIC OF MOLDOVA

2019 ◽  
Author(s):  
Lacramioara Ciomartan
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Statistical Analysis ◽  
National Bureau ◽  
Educational Capital ◽  
Republic Of Moldova ◽  
Education Market ◽  
The Republic ◽  
Account Due ◽  
Statistical Indicators

An important factor in promoting economic development is the educational capital that should be seen as an investment in those who will generate economic growth. The present paper aims to carry out a statistical analysis of indicators in the field of education: early education, presentation based on statistical indicators disseminated by the two main official institutions: the National Institute of Statistics of Romania and the National Bureau of Statistics of the Republic of Moldova. In order to quantify the educational phenomenon in the two territorial units for statistics regarding the education market, a rather small number of indicators were taken into account due to lack of their dissemination on the desired administrative-territorial units.

scholarly journals In Search for RIS3 for the Republic of Serbia: Challenges Between Theory and Reality

2018 ◽  
Vol 51 (3-4) ◽  
pp. 1-9
Author(s):  
Đuro Kutlača
Keyword(s):  
Economic Development ◽  
Industrial Policy ◽  
Theoretical Concept ◽  
Weak Links ◽  
Real Situation ◽  
European Development ◽  
The Republic ◽  
Smart Specialization ◽  
The Moment ◽  
Use Of Knowledge

Objectives of this paper are exploration of the challenges of use of methodology for creation of smart specialization strategy (S3) in Serbia. S3 is focused on use of knowledge for economic development. Major challenges of implementation of S3 in Serbia are weak links between R&D sector and economy, and undeveloped culture of dialogue for adoption and realization of S3 priorities. In this paper are presented key challenges authors of S3 in Serbia are faced with in very first trial of introduction of S3 methodology in country. Paper is organized in four main parts. First part is (critical) description of the main concepts of methodology for creation of S3. The concept of S3 is a tool for realization of the strategy of the European development through "integrated industrial policy for the globalization era" and "Innovation Union". Second part will present implication of implementation of S3 in Serbia, i.e. conditions for use of one theoretical concept in reality of economy and society in Serbia. Third part is discussion of results of implementation of S3 in Serbia achieved so far (process is not finished at the moment of writing of this article, mid 2018), analysing challenges between proposed methodology and real situation in country. Fourth part is addressed to further steps in implementation of S3 in Serbia, with particular attention to the aspects of dialogue which should be organized between involved stakeholders in order to achieve consensus for adoption and realization of S3 priorities in Serbia.

scholarly journals Clusterization of the Republic of Belarus economy: results and prospects

VUZF Review ◽  
2021 ◽  
Vol 6 (4) ◽  
pp. 91-97
Author(s):  
Galina Yasheva ◽  
Yulia Vailunova
Keyword(s):  
Economic Development ◽  
Research Topic ◽  
Research Development ◽  
Communication Support ◽  
Economic Methods ◽  
The Republic ◽  
Smart Specialization ◽  
Definition Of ◽  
Theoretical Foundations ◽  
And Training

Clusters are the primary vehicle for smart specialization strategies, as they can make the greatest contribution to economic development by supporting research, development and innovation within the identified areas of specialization. This determines the relevance of the research topic. The theoretical foundations of clusters as network structures are considered in the article: the definition of the concept of «cluster» is given, the signs of a cluster are indicated, the significance of cluster structures for the economy is substantiated. An analysis of the experience of the Republic of Belarus in the creation and functioning of clusters is carried out. Active, emerging and potential clusters are considered. Their models are built. Conclusions about cluster processes in the Republic of Belarus are made. Clustering directions in the context of digitalization of the economy of the Republic of Belarus are proposed. These are the following directions: education and training for public sector and business representatives; creation of a cluster infrastructure to manage the clustering process; providing cluster initiatives and cooperation through organizational and economic methods; digitalization of training for cluster members; communication support for cooperation; digitalization of communications between the subjects of the cluster; digitalization of production in the subjects of the cluster.

scholarly journals PROBLEMS AND PROSPECTS OF ECONOMIC DEVELOPMENT OF ATU GAGAUZIA, REPUBLIC OF MOLDOVA: EXPERT APPROACH (RESULTS OF RESEARCH)

2021 ◽  
Author(s):  
Vitali Chiurcciu
Keyword(s):  
Economic Development ◽  
Strategic Decisions ◽  
New Approach ◽  
Republic Of Moldova ◽  
Territorial Unit ◽  
Regional Economic Policy ◽  
Processing Information ◽  
The Republic ◽  
Regional Authorities ◽  
Expert Community

In this article, I consider a new approach that can be used to build regional economic policy. The current situation of economic development makes new demands on the process of determining priorities in development, which later becomes key elements in decision-making at the state and regional levels. It is important to apply different methods and techniques for collecting and processing information. In 2019, a study was carried out to estimate the opinion of the expert community (50 people) about the problems and priorities of economic development in a particular region, an example of which was the autonomous-territorial unit Gagauzia (Gagauz Yeri) of the Republic of Moldova. Based on the results obtained, the author presented the results of the study and developed recommendations for the application of the expert approach in the future, when regional authorities develop strategic decisions and elaborate the documents at the regional level.

scholarly journals ACCOUNTING FOR NATURAL CAPITAL AS AN IMPERATIVE OF THE SOCIO-ECONOMIC PARADIGM OF FINANCIAL STATEMENTS: THE CURENT STATE AND PROSPECTS OF THE REPUBLIC OF MOLDOVA

2021 ◽  
pp. 16-23
Author(s):  
I. Golochalova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Natural Capital ◽  
Financial Statements ◽  
Development Model ◽  
Business Unit ◽  
Republic Of Moldova ◽  
Economic Paradigm ◽  
The Republic ◽  
Economic Development Model

In the context of the implementation of the concept of sustainable development, the business unit activities are interpreted as a three-component system, including the economic, social, environmental segments of the economy. This trend led to the transition to the socio-economic paradigm of financial statements, which predetermines its deep transformations, one of which is to find ways to recognize natural capital and disclosure of information on its influence on the value of the business as a whole.During the study, the author nominated hypotheses: H1 - recognition and accounting of natural capital is imperative in the context of the implementation of the socio-economic development model; N2 - current in the Republic of Moldova (PM) there is no effective methodology for the financial accounting of natural capital, as a factor in the development of the environmental subsystem of the business unit, and their rationale is given according to the scheme: the imperativeness of the institutional platform of the mechanism of business interaction and natural capital is argued when moving to social -Economic development model; The state of the designated institutional platform in the PM is analyzed; A model of recognition of natural capital on the basis of IFRS is proposed; The overall assessment of the RM financial statement system in the context of its compliance of the concept of sustainable development is given.

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