Economica

12

Authors: Andrei PETROIA, Elena ZUBCOVA

The pandemic crisis is a major challenge for the entire international community, which is barely gaining the necessary experience in combating COVID-19 infection, exchanging information and cooperating with specialized international organizations. The first lesson, learned immediately after the outbreak of the crisis, is that in a globalized world the appropriate response to the pandemic challenge can only be a complex one, on different levels at national and international level. In the Republic of Moldova, the pandemic highlighted all the shortcomings in the medical system and determined the authorities to find financial resources in order to direct them for urgent needs. Preventing the spread of COVID- 19 infection and its effects required the adequacy of the legislative framework on emergencies, existing at the time of the pandemic, as well as a financial and administrative effort, with an impact on short-term socio-economic processes and citizens’ incomes, without knowing the medium and long-term impact. Thus, 2020 is the year with the largest investment in Health as a percentage of GDP in the last 3 years. Health has become a priority against a background of strong financial instability and a possible recession.

15

Authors: Larisa DODU-GUGEA

The purpose of this article is to analyze the experience of creating the European innovation ecosystem that is being formed in the context of regional competition and, on this basis, the development of the innovation ecosystem is one of the key strategies for overcoming crises. Nowadays, the business ecosystems draw enormous attentiveness. Initially defined from the perspective of competitive dynamics, the concept has undergone a series of interrelationships giving it a multidisciplinary character. According to the Europe 2020 strategy, sustainable growth growingly depends on the innovation and transformation capacity of regional economies to adapt to a constantly changing and increasingly competitive environment. This means that more effort must be invested in creating ecosystems that encourage innovation, research and entrepreneurship development. For this reason, entrepreneurial ecosystems have become the object of research, both by academic groups, development agencies, governments and NGOs at national, regional and international levels.

20

Authors: Aliona BALAN

Foreign direct investment is a major factor in stimulating economic growth, producing positive effects on the recipient country, both through traditional methods, related to the contribution to the capital stock and increasing the return on investment, and on the productivity of the target economy, and, from this perspective, it is a topical issue. The topicality of the investigated subject is determined by the need to amplify the investment process in the Republic of Moldova as a precondition for accelerating the economic development of the country, which is impossible to achieve without attracting foreign direct investment and improving investment policy in the Republic of Moldova. Promoting an appropriate policy to attract foreign direct investment would help achieve the country’s national development goals by creating jobs, transferring technology, promoting exports, sustainable economic growth and reducing poverty. The purpose of the research is to analyse the trends in the development of foreign direct investment and the determinants of their attraction in the economy of the Republic of Moldova.