Analysis of the Industry Potential in Republic of Moldova

Abstract

This article identifies several competitive sectors of the economy that have potential to lead to sustainable economic growth for Republic of Moldova. Sectors were chosen for analysis combining quantitative and qualitative methods. A pool of sectors was selected based on export and sales performance over the last eight years. The final decision of the top sectors was based on the qualitative factors such as prevalence of the SMEs in the sector, gender makeup of the workforce and the regional presence, as well as employment levels and sales growth. The results of analysis showed that following industrial sectors: wine; textiles and apparel; information and communication technology; footwear; construction materials and furniture have the most potential for contributing to transformational growth in the Republic of Moldova economy.