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Twice Hit - Badly Wounded: The Devastating Cost of an Inadequate Transformation in Moldova


  • Ronnås, Per

    (The Nordic Institute of Asian Studies)

  • Orlova, Nina

    (Institute of Social Studies)


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.

Suggested Citation

  • Ronnås, Per & Orlova, Nina, 1999. "Twice Hit - Badly Wounded: The Devastating Cost of an Inadequate Transformation in Moldova," SSE/EFI Working Paper Series in Economics and Finance 325, Stockholm School of Economics.
  • Handle: RePEc:hhs:hastef:0325

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    References listed on IDEAS

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    5. repec:ilo:ilowps:259036 is not listed on IDEAS
    6. Sjoholm, Fredrik, 1999. "Productivity Growth in Indonesia: The Role of Regional Characteristics and Direct Foreign Investment," Economic Development and Cultural Change, University of Chicago Press, vol. 47(3), pages 559-584, April.
    7. N. De Liso & G. Filatrella, 1999. "On technology competition," Working Papers 337, Dipartimento Scienze Economiche, Universita' di Bologna.
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    More about this item


    Moldova; economic transition; economic and social development.;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects

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