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The once booming dynamic economies in Asia were drawn into a whirlpool of business failures and economic devastation following the flotation of the Thai baht in July 1997, and the consequent collapse of asset prices and currency depreciations in several East Asian countries. High growth in these...
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This report argues that in the future Moldova will need to develop a second engine of growth from exports of goods and … services. We argue that Moldova needs to resurrect agro-based exports, to raise their value by exporting to higher value … advantage of productivity gains. Much needs fixing, and Moldova's public sector does not have the capacity to fix it all …
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The economic crisis, the second economic shock to hit the Eastern Europe and the South Caucasus region after the collapse of the Soviet Union, has been a warning and a call to action. The region has many advantages and much potential, but some of this was squandered during the boom years of the...
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