Economic Commentary, no. 125
Business environment represents a complex set of elements encompassing policies, infrastructure and social parameters, which determine the volume of investments in a given economy. Approaching the business environment in a rather simplistic manner can undermine the effectiveness of investments promotion policies. A typical mistake made by many governments is over-estimating the importance of the fiscal stimuli and of the ‘free economic zones’, In this analysis, based on Moldova’s experience so far, we assess how useful are the FEZs in attracting investors.
Full version available only in Romanian.