{"title":"ANALYSIS OF THE INTERNAL AUDIT SUBDIVISION ACTIVITY IN THE CORPORATE SECTOR OF THE REPUBLIC OF MOLDOVA","authors":"","doi":"10.36004/nier.es.2020.2-07","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-07","url":null,"abstract":"The actuality of the topic results from the importance of internal audit for owners, potential investors and creditors, as well as from the significance of internal audit as a basic element in corporate governance. At the present moment, there are no studies on the current situation and the role of internal audit in the country’s corporate sector. Therefore, the author intended to perform the analysis of the internal audit subdivisions activity in the nominated sector. For this, the relevant research directions have been established, the purpose of which is to study the qualitative characteristics of the internal audit subdivisions. The author has conducted a qualitative study, through a semi-structured interview, and the information analyzed represents the October-December 2019 period. The main results of the study show that the basic functional tasks of an internal audit are the classic tasks, such as safety assessment and the effectiveness of internal control; monitoring the process of liquidating the weaknesses of the internal control system; developing recommendations for improving the internal control system. Failure to comply with the provisions of ISPPIA has been observed. The factors that most influence the activity of the internal audit subdivisions are their insufficient provision with employees and the duration of obtaining the necessary information. It was discovered that independent external evaluations are not performed and planned in the analyzed economic entities, which proves the non-compliance with ISPPIA, due to the lack of need for such an evaluation and the relatively short period of activity of internal audit subdivisions.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"2000 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116681189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"TRAFFIC-RELATED MORTALITY IN MOLDOVA","authors":"","doi":"10.36004/nier.es.2020.2-12","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-12","url":null,"abstract":"This article analyses the mortality caused by road accidents in Moldova depending on the degree of involvement of pedestrians, cyclists, motorcyclists, drivers and passengers of transport units, depending on age and sex. Results suggest that traffic-related mortality in Moldova has shown an increased incidence among the young and working-age population, where a significant difference between males and females is observed. Among the youth, traffic-related deaths register between 10-27% of the overall mortality in both sexes. The risk exposure of dying in a traffic accident decreases with age and is less significant in the retired ages. During the years 1998-2015, avoidance of trafficrelated deaths would have assured an increase in life expectancy between 0.40-0.56 years in males, and 0.09-0.23 years in females. The continuous increase in the number of transport units on public roads, as well as in the number of hours spent in traffic, influences the degree of exposure to the risk of death or injury as a result of road traffic accidents. Trauma resulting from road accidents increases the incidence of premature mortality and disability among the population, which is reflected by the decrease of healthy life expectancy. It is ascertained that the road accident mortality requires a detailed and comprehensive analysis given the multitude of factors influencing deaths and injuries related to a traffic accident among the population. Thus, in order to improve road safety and reduce mortality incidence among traffic participants, a range of actions has to be implemented by the liable actors, including through the international experience.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123851318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A CRITICAL REVIEW OF YOUTH-ORIENTED POLICIES IN THE REPUBLIC OF MOLDOVA FROM THE PERSPECTIVE OF YOUTH TRANSITION REGIME","authors":"","doi":"10.36004/nier.es.2020.2-11","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-11","url":null,"abstract":"Youth issues have long been a focus of policy in Moldova, despite an uneven trend over time. The aim of the article is to analyze the main policy documents devoted to youth within key policy areas that invest in the development and efficient use of human capital from the perspective of the Youth Transition Regime. A mixed-method approach was applied: situation and contextual analysis, review and analysis of policy documents, reports and studies targeting young people. The review and analysis of policy framework has revealed that although youth issues are promoted through various policies, there is a lack of an integrated approach and a comprehensive evaluation mechanism on the implementation of youth policies, including cross-sectoral dimension. Youth-related policies falls into a transitional regime characterized by an integrated education system, high rate of early leavers from education and training, high level of youth rate Not in Education Employment or Training – NEET, low popularity/prominence of Vocational Education and Training, poor concordance between the education system and the labour market. The evaluation of policy measures intended to facilitate the transition of young people to adulthood shows that individualized and compensatory approaches predominate. Policy actions are focused mainly on youth skills development and less on structural policy measures in crosssectoral areas. There is a need to review and adapt youth policies and strategies to the current and real needs of youth by promoting participatory approaches that would reflect the diversity of youth in Moldova, especially in socially vulnerable groups.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115045589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"STRENGTHENING THE COMPETENCES OF FUTURE SPECIALISTS IN ACCORDANCE WITH THE DEVELOPMENT TRENDS OF CROP PRODUCTION","authors":"","doi":"10.36004/nier.es.2020.2-04","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-04","url":null,"abstract":"Under the current conditions, marked by a flexible and turbulent environment, balancing the demand and supply of the labor market is one of the basic factors for sustainable development. In this context, identifying the most effective tools to adapt the supply of professional education to the needs of the sectors is an important step towards achieving the goals of sustainable development. Even if considerable efforts as well as relevant methodological tools are required, the process of harmonizing the requirements of the sectors and the content of professional education programs is particularly important and represents a decisive factor in achieving the sustainable development goals. The main purpose of this investigation was to highlight the essence and application aspects of the sectoral approach in anticipation of the necessary competences, as well as to operate with this tool in order to identify trends and problems related to crop production in the Republic of Moldova and to make changes necessary for improving the curricula. In order to achieve the proposed goal, the following methods were used: synthesis of methodological recommendations and good practices for applying the sectoral approach in anticipating competences; economic-statistical analysis; systematic approach; classification method; structural-logical method; generalization; deduction; drawing conclusions and reasoning, including using the objectives tree technique. The research resulted in explaining the essence and particularities of sectoral approach in terms of advantages and disadvantages, analysis of the agricultural production sector, especially crop production in the Republic of Moldova and formulating recommendations for improving agricultural study programs.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127773433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"GOVERNMENT SPENDING ON TOURISM APPROACHED THROUGH THE PRISM OF CONSOLIDATING THE RIGHT TO REST AND LEISURE","authors":"","doi":"10.36004/nier.es.2020.2-02","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-02","url":null,"abstract":"Every person’s right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay, as well as the right to freedom of movement without restriction, except as provided by law, determine the opportunity and necessity of the harmonious development of domestic and international tourism. The harmonious development of domestic and international tourism depends on the quality of public policies designed to stimulate the growth of this sector, especially the public expenditure policy. This paper aims to analyse the impact of tourism regarding the respect for the right to rest, the effectiveness of public policies applied in the field of tourism, especially the public expenditure policy aimed to stimulate tourism, to formulate solutions for the development of the tourism sector in the Republic of Moldova by strengthening the right to rest. The Human Development Index (HDI) is considered an aggregated indicator with the capacity to more or less consistently quantify the level of respect for economic, social and cultural rights. Based on the simple regression method, the relationship between HDI as a dependent variable and Travel and Tourism Sector Competitiveness Index (TTCI) as an independent variable is tested. The presented analysis suggests the conclusion that the quality of respect for the right to rest, materialized, including through tourism, is a factor with a major positive impact on the HDI. An important place in the paper is occupied by the generalization of the EU countries experience in the field of public policies designed to stimulate tourism development approached through the prism of respecting the right to rest and leisure.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114225105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE IMPACT OF THE COVID-19 PANDEMIC AND THE DROUGHT ON THE PRICES OF THE MAIN AGRICULTURAL PRODUCTS OF ANIMAL ORIGIN IN ROMANIA","authors":"","doi":"10.36004/nier.es.2020.2-09","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-09","url":null,"abstract":"Globally, the pandemic installed by the coronavirus has led to a change in the way business is conducted. In the context of the economic crisis knocking on the door, the states of the world are trying to take the most severe measures to mitigate the effects of this epidemic. One sector of the economy that needs to be protected is agriculture, because it provides the much-needed food for everyone. The role of farmers is very important in this equation, as they provide the necessary food stabilizing stocks of food that can be depleted faster. In this paper we want to determine the possible impact that the drought and the overlap of the COVID pandemic on it may have on the prices of agricultural products of animal origin in Romania. In this context, the level of prices in the first half of the previous year was compared with the level of prices in the first half of the current year, in order to be able to determine, from a statistical point of view, whether there are significant differences. It was found that for five of the six products analyzed, the prices in the first half of 2020 were higher than in the first half of 2019. Following this analysis, the correlation coefficients between the price level and the precipitation level were determined, and subsequently between the price level and the market demand, the latter influenced by the pandemic. It was found that both phenomena indirectly influenced the prices of agricultural products of animal origin.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125050246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE EFFECTS OF CORPORATE GOVERNANCE ON THE PROFITABILITY OF COMPANIES IN THE FIELD OF PUBLIC WATER SUPPLY SERVICES IN THE REPUBLIC OF MOLDOVA","authors":"","doi":"10.36004/nier.es.2020.2-06","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-06","url":null,"abstract":"In the Republic of Moldova, in the field of public water supply services, corporate governance, from a conceptual and regulatory point of view, began to develop only in the early 2010s. The selected topic is current because corporate governance is at the early stage in this field, but, at the same time, its evolution for 10 years needs to be analyzed. This process must be monitorized to identify the most important successes or deficiencies in order to develop a set of good practices. The purpose of the research is to identify the relationship between degree of development of corporate governance and the profitability of companies in the field as well as shaping the corporate governance model. Research methods used refer to the observation of corporate and economic processes, interview, investigation, comparing, analysis of corporate legislative and regulatory documents in the field, induction, explanation and interpretation of the main indicators of corporate management. The relevant research results are: identifying the fact that there is no clear dependence between the application of corporate management and increasing the profitability of water companies; at the same time, it has been identified that the participation of employees of water companies in the company boards contributes to better profitability. The corporate governance model was configured, with the identification of deficiencies in the process of regionalization of services. Corporate governance, in the analyzed field, must be subjected of the process of continuous improvement in particular by evaluating the activity of the company’s board.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124646107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"DEVELOPMENT OF MOBILE MARKETING IT PROJECTS: OPPORTUNITIES FOR MOLDOVA AND UKRAINE","authors":"","doi":"10.36004/nier.es.2020.2-05","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-05","url":null,"abstract":"This article describes the main problematic issues and modern approaches to managing and developing mobile marketing IT projects. In this study, the authors set the goal of the study – to analyze the features of IT project management in mobile marketing, to systematize the development models of modern web projects and to study the possibilities of using flexible applied methodologies that formalize the development and modification of web applications based on the use of effective methods for managing IT projects in mobile marketing. To achieve this research goal, the authors used theoretical and conceptual analysis, studied existent empirical databases for the mobile application market in the Republic of Moldova and Ukraine. The authors highlighted the critical problems of using agile methodologies in IT projects of mobile marketing. A comparative analysis of the feature’s applicability of IT project management methodologies and problems of their using in mobile marketing applications are presented. The logical and structural diagram of the stages of the Mobile App Design Timeline is proposed, which contributes to increasing the effectiveness of the implementation of information technology projects in general. To assess the applicability of the flexible methodologies of Kanban and Scrum, an IT project of mobile marketing was simulated. The significance of the results obtained is predetermined by the fact that they could form a theoretical base for improving the effectiveness of marketing activity under conditions of the informatization of society through the building a selforganizing team and use of agile methodologies in mobile marketing IT projects.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130678401","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE MOLDOVAN BANK FRAUD (2012-2015). A process tracing analysis of the Moldovan $1 billion money laundering","authors":"","doi":"10.36004/nier.es.2020.2-08","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-08","url":null,"abstract":"In the 2012-2015 period, $1 billion have been stolen from three Moldovan banks, which is the equivalent of 12% of the country’s GDP. The highly fraudulent environment in the RM allowed for the successful application of fraudulent schemes for three years, without it being seized and frozen. This paper seeks to decipher the schemes that were applied as well as argue how the integration into the European Union would have lowered the corruption and thereby prevent the fraud from happening. Even though several scholars discussed the bank fraud and how it affected the relationship between Moldova and the EU, they do not address how the steps of integration into the European Union could gradually regulate the level of corruption in the RM and subsequently eliminate the possible methods of committing the bank fraud. Through a comparative analysis of Romania and the Republic of Moldova, I aim to demonstrate that the difference between the level of corruption and the stability of the banking system in these two countries is due to EU membership. Further, through secondary analysis of qualitative data, and semi-constructed interviews, I conclude that, in theory, my argument holds – the instruments the EU applies on the candidate countries would not have allowed the fraudulent schemes to be put into action. However, the EU failed to apply the conditionality concept on Romania and thus, it is possible that the money laundering in the RM could have happened even if it had been a member of the EU.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125542960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"POTENTIAL EFFECTS OF FINANCE 4.0 ON THE EMPLOYMENT IN EAST AFRICA","authors":"","doi":"10.36004/nier.es.2020.2-03","DOIUrl":"https://doi.org/10.36004/nier.es.2020.2-03","url":null,"abstract":"Two of the five fastest-growing economies in the world were in the East African region in 2019. The region’s share within the economic growth of Africa rose from less than 20% in 2018 to more than 32% in 2019. Despite the difficulties in 2020 the eastern part of Africa seems to be keeping its status as the continent’s fastest-growing region. Digitalization and the connected structural transformation is one of the main drivers of growth in the services sector worldwide. In this study we analyze the status and movements of industry 4.0 and Finance 4.0 developments and their effects on the employment in the East African region. We found three main approaches based on the literature sources on Africa’s future industrial development ways. In case of finance 4.0, countries like Uganda or Kenya reached considerable results in financial inclusion; thus, East African economies and societies now have an improved access to international financial markets. Another significant development is East Africa’s status as global leader in mobile money services, increasing broad access to financial services. With the help of digital solutions, entrepreneurs and businesses can reconsider their business models which can be more competitive, sustainable, and better connected to other sectors of the economy. In this paper we investigated the macro- and micro-level effects of the digitalization on the employment and identified the possible scenarios. Our conclusion is that with affordable and stable finance 4.0 solutions and a strong institutional framework, East African enterprises can reduce poverty, increase employment and stimulate inclusive growth.","PeriodicalId":430806,"journal":{"name":"ECONOMY AND SOCIOLOGY 2020 NO. 2","volume":" 15","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131893741","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}