Entrepreneurship in the Republic of Moldova. Challenges and Recommendations.

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Social Impact Research Experience (SIRE)
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Moldova
Transnistria
Gagauzia
entrepreneurship
education
finance
policy
challenges
Business
Business Law, Public Responsibility, and Ethics
Comparative Politics
Eastern European Studies
Economic Policy
Education Policy
Entrepreneurial and Small Business Operations
European Languages and Societies
International Economics
International Relations
Peace and Conflict Studies
Policy Design, Analysis, and Evaluation
Politics and Social Change
Social Policy
Soviet and Post-Soviet Studies
Strategic Management Policy
Technology and Innovation
Tourism
Tourism and Travel
Urban Studies
Work, Economy and Organizations
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Abstract

This paper aims to analyze the challenges of entrepreneurship in the Republic of Moldova, including the special regions of Transnistria and Gagauzia. The main methodology of data collection used throughout this paper is qualitative semi-structured interviews with entrepreneurs, legislators, foundations, and investors in the various fields. Where relevant, data from the neighboring countries Romania and Ukraine will be used. Additionally, the research is supported by data, literature reviews and academic papers that provide a more macro-level perspective about the economic situation of Moldova. The research is based on the hypothesis that Moldova’s human development index (HDI) could in fact be low due to the country’s business ecosystem, more specifically, due to its entrepreneurial challenges. Based on the information collected, the study identified challenges and potential solutions throughout four main sections: Education (Migration, Skills mismatch), Policy and Regulation, Financing (Distrust of banks, Corruption) and Geography. Some common themes explored revolve around the unifying the Moldovan society around the fight against corruption, building stronger regional ties and creating startup-friendly policies for high potential industries.

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Jose Miguel Abito
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2019-01-01
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