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Before and After the European Neighbourhood Policy in Moldova: Past Economic Background, Current Developments

Author

Listed:
  • Ioana Sandu

    (Bucharest University of Economic Studies)

Abstract

Ever since its independence in 1991, Moldova has been struggling to change its international status into a democratic country, with a functional market economy, worthy of being included in the EU ‘ring of friends’. The country’s economic heritage burdened the pathway to the EU approximation, whereas its corruption stigma still persists. However, efforts to improve the difficult economic situation revealed the country as a fighter for autonomy and progress. Moldova has been constantly appointed as one of the EU’s most obedient apprentices. Its inclusion in the European Neighbourhood Policy (2004) and, later on, in the Eastern dimension of this policy (the EaP) was reflected by steady growth. Nonetheless, false friends – such as remittances – have engaged Moldova on a road to provisional success. It is in the hands of the country if reform is to be adjusted to the long term needs of this tiny, yet strong EU partner.

Suggested Citation

  • Ioana Sandu, 2016. "Before and After the European Neighbourhood Policy in Moldova: Past Economic Background, Current Developments," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 104-107, July.
    • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:104-107
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    More about this item

    Keywords

    development; market economy; growth; Moldova; reform;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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