THE ECONOMY OF THE REPUBLIC OF MOLDOVA FROM THE PERSPECTIVE OF SUSTAINABLE DEVELOPMENT

Abstract

The development of the national economy from the perspective of sustainable development is determined by complex relationships between economic, social and environmental factors in the context of global transformations determined by the challenges of climate change. In the case of the Republic of Moldova, this process is determined by many challenges, by a multitude of impediments, but also by opportunities such as, for example, integration into the European Union. Examining the sustainable development of a nation requires an integrated and interdisciplinary approach, combining statistical analysis, the evaluation of economic performance indicators to characterize how public policies influence long-term economic development. In this publication, the research methodology is based on data collection and analysis, quantitative and qualitative analysis, deduction and induction, complemented by a rigorous synthesis of the specialized literature. The results obtained support the hypothesis that the adoption of sustainable, complex strategies with clearly defined objectives, the formation of an institution responsible for the transition to a circular economy can lead to increased national economic competitiveness and improved quality of life of citizens. The study highlights the key elements necessary for the implementation of the transition to a sustainable economy such as regulatory framework, financial resources, new technologies and cultural aspects. These findings provide a reference framework for decision-makers and the academic community, facilitating the development of coherent policies that maximize the potential for sustainable economic growth of the Republic of Moldova and for the development of medium and long-term development strategies.