SSE/EFI Working Paper Series in Economics and Finance
No 325:
Twice Hit - Badly Wounded: The Devastating Cost of an Inadequate Transformation in Moldova
Per Ronnås and Nina Orlova
Abstract: Moldova holds the unenviable distinction of having
suffered the largest fall in GDP and living standards among the former
socialist countries in Europe. By mid-1999 GDP had fallen to less than 30
per cent of its level in 1990, while living standards had plummeted from a
situation of relative well-being before independence to one of abject
poverty. This development has neither been God-given nor the result of
particularly bad governance. Indeed, Moldova was for a long time praised by
IMF and others as a progressive reformer and 'over-achiever' in terms of
macro-economic stabilisation policies. The present study is devoted to an
analysis of the economic and political development of Moldova since
independence and to the social consequences of the economic collapse. The
final chapter discusses the reasons behind the dismal development.
Keywords: Moldova; economic transition; economic and social development.; (follow links to similar papers)
JEL-Codes: I31; P27; (follow links to similar papers)
98 pages, June 17, 1999
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