Social Impact and Social Mitigation of Enterprise Restructuring : Implications for Croatia
This report provides an overview of social impact and social mitigation measures that have been addressed in World Bank supported enterprise restructuring programs in Europe and Central Asia. The focus is on lessons learned from the experience else...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16279586/croatia-social-impact-social-mitigation-enterprise-restructuring-implications-croatia http://hdl.handle.net/10986/12512 |
| Summary: | This report provides an overview of
social impact and social mitigation measures that have been
addressed in World Bank supported enterprise restructuring
programs in Europe and Central Asia. The focus is on lessons
learned from the experience elsewhere in the region that
could provide guidance to and policy options for Croatia in
the on-going process of enterprise restructuring. The first
stage of transition focused on the establishment of
market-driven, private sector-oriented economies. In recent
years, the requirements of European integration and
accession have led to an emphasis on fiscal discipline.
Closer attention has been paid to implicit subsidies such as
budgetary credits, nonpayment of taxes and accumulation of
tax arrears, transfers from off-budget funds, and government
payment of guaranteed loans. European Union candidate
countries have faced similar policy challenges in mitigating
the impact of unemployment due to structural shifts in the economy. |
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