The Problems of Economy Integration of the Republic of Moldova in the European Union System

• Author: Gheorghe Rusu, Mihai Bumbu
• Pages: 466-471

European Integration - Realities and Perspectives. Proceedings 2015

466

The Problems of Economy Integration of the Republic of Moldova

in the European Union System

Gheorghe Rusu1, Mihai Bumbu2

Abstract: The fundamental problem of integration of M oldova in the EU is the faster growth of the national

economy than th e European one, creating an appropriate financial basis, avoiding poverty and increasing th e

life q uality. The strategy and policies of growth and association of Moldova in the EU was not based on

modern economic scientific theories. As a result, the econo mic development has been carried out primarily on

the wrong d octrine and increasing policy and wrong economic integration, based, primary, o n social

consumption, which has not given a positive effect of European association expected from the reforms

implemented in recent years. In the article it is proposed a new approach of economic development and

association of Moldova, namely: the main emphasis to be stressed on focusing the investments for primary

development of the exporting agro-industrial sector, by strengthening and supporting by the EU of the

research and development activity in this field, by innovation and technical transfer oriented to competitive

agro-industrial production for export. Achieving these p riorities considerably will increase the p otential of

local economic integration in the EU and will get out the economy from decline, creating a solid economic

basis for reducing the poverty.

Keywords: European association and integration; agro-industry; export; economic imbalance; investments

Introduction

The theoretical foundation of social-economic policy of association and integration of the Republic of

Moldova in the European family was the doctrine of economic integration and growth based on

consumption and operated by remittances primarily from the countries of the European Union and

Russia. This paradigm has led, in the process of European integration and association, to fast increase

of non-productive expenditures, including social ones, supported by the Government of the Republic

of Moldova and to increase the tax burden towards the economic growth and domestic economic

potential and the diminish of association rhythm and European integration. Finally, the social-

economic potential of integration essential was reduced towards the European. As a result, gradually

worsened the problem of association and integration of the economy of Republic of Moldova due to

the economic and social imbalances, market expansion and deepening the social -economic crisis. All

1 Professor, PhD, Moldova State University, Republic of Moldova, Address: 60 Alexei Mateevici Str., Chisinăau 2009,

Republic of Moldova, Tel.: 022-222-053, Corresponding author: rusu.48@mail.ru.

2 PhD Student, Moldova State University, Republic of Moldova, Address: 60 Alexei Mateevici Str., Chisinăau 2009,

Republic of Moldova, Tel.: 022-222-053, E-mail: bumbu_mihai@mail.ru.