Serbia and Montenegro : An Agenda for Economic Growth and Employment
Upon resumption of its transition to a market economy in late-2000, Serbia made good initial progress across a range of areas. This progress began from a very difficult starting point which reflected the legacy of a decade of isolation, conflict, a...
| Main Author: | |
|---|---|
| Format: | Country Economic Memorandum |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/12/5521902/serbia-montenegro-serbia-agenda-economic-growth-employment http://hdl.handle.net/10986/14487 |
| id |
okr-10986-14487 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-144872021-04-23T14:03:18Z Serbia and Montenegro : An Agenda for Economic Growth and Employment World Bank ADULT EDUCATION ASSETS AUDITING BALANCE SHEETS BANKING SYSTEM BANKRUPTCY BENCHMARKING BUDGET CONSTRAINTS BUDGET DEFICITS COLLECTIVE BARGAINING COMPETITION POLICY COMPETITIVE ECONOMY COMPETITIVENESS CONTRACT ENFORCEMENT DEBT DEBT RESTRUCTURING DEPOSITS ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC REFORM ECONOMIES IN TRANSITION EMPLOYMENT ENTITLEMENTS EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT GROWTH EXPORT LED GROWTH EXPORTS FINANCIAL SECTOR FISCAL DEFICITS FISCAL POLICY FOREIGN EXCHANGE FREE TRADE GDP GOVERNMENT EXPENDITURES GROWTH POLICY GROWTH POTENTIAL GROWTH RATE GROWTH THEORY HARD BUDGET CONSTRAINTS HUMAN CAPITAL IMPORTS INCOME INFLATION INNOVATIONS INTERNATIONAL TRADE LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKETS LAWS LEGISLATION LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET ECONOMIES MARKET ECONOMY MINIMUM WAGES MONETARY POLICY PENSIONS PRIVATE BANKS PRIVATIZATION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEBT PUBLIC DISCUSSION PUBLIC GOODS PUBLIC UTILITIES REAL GDP REAL SECTOR REAL WAGES REGULATORY FRAMEWORK SAVINGS STREAMS SUSTAINABLE GROWTH TARIFF BARRIERS TAX ADMINISTRATION TAX COLLECTION TAX RATES TAXATION TRADE LIBERALIZATION TRADE POLICIES TRANSITION ECONOMIES UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES WAGE INCREASES WAGES WTO Upon resumption of its transition to a market economy in late-2000, Serbia made good initial progress across a range of areas. This progress began from a very difficult starting point which reflected the legacy of a decade of isolation, conflict, and poor economic management. However, deep structural weaknesses remain. Growth rates of around 4 percent per year will not suffice to produce a rapid convergence of living standards towards historical levels. Moreover, the positive elements of Serbia's recent performance are not sustainable without further adjustment and sustained reform. This report analyzes Serbia's recent performance and near-term reform priorities, in five areas which are particularly important for growth and employment creation. Eight themes emerge as the key reform priorities for enhancing growth and employment generation in Serbia: enhanced political stability and improved governance are key prerequisites for sustained growth; reduction of the public sector, thus reducing spending and fiscal burdens; promotion of export development, addressing the anti-export bias, through adequate institutional framework, tariff reform, and a strong trade policy; completion of enterprises and banks privatization; enhanced financial discipline and competitiveness; enabling an improved business environment; foster an enhanced, flexible formal labor market; enhance quality of, and access to education and training. The report demonstrates in great detail the outlined package of substantial and permanent fiscal adjustment, and sustained progress in structural reform, in order to generate the higher investment rates and a more competitive economy which can prod sustainable growth, and improved living standards over the medium-term. Such policies need to be implemented with urgency and unwavering commitment. 2013-07-23T17:29:17Z 2013-07-23T17:29:17Z 2004-12-06 http://documents.worldbank.org/curated/en/2004/12/5521902/serbia-montenegro-serbia-agenda-economic-growth-employment http://hdl.handle.net/10986/14487 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Europe and Central Asia Serbia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADULT EDUCATION ASSETS AUDITING BALANCE SHEETS BANKING SYSTEM BANKRUPTCY BENCHMARKING BUDGET CONSTRAINTS BUDGET DEFICITS COLLECTIVE BARGAINING COMPETITION POLICY COMPETITIVE ECONOMY COMPETITIVENESS CONTRACT ENFORCEMENT DEBT DEBT RESTRUCTURING DEPOSITS ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC REFORM ECONOMIES IN TRANSITION EMPLOYMENT ENTITLEMENTS EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT GROWTH EXPORT LED GROWTH EXPORTS FINANCIAL SECTOR FISCAL DEFICITS FISCAL POLICY FOREIGN EXCHANGE FREE TRADE GDP GOVERNMENT EXPENDITURES GROWTH POLICY GROWTH POTENTIAL GROWTH RATE GROWTH THEORY HARD BUDGET CONSTRAINTS HUMAN CAPITAL IMPORTS INCOME INFLATION INNOVATIONS INTERNATIONAL TRADE LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKETS LAWS LEGISLATION LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET ECONOMIES MARKET ECONOMY MINIMUM WAGES MONETARY POLICY PENSIONS PRIVATE BANKS PRIVATIZATION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEBT PUBLIC DISCUSSION PUBLIC GOODS PUBLIC UTILITIES REAL GDP REAL SECTOR REAL WAGES REGULATORY FRAMEWORK SAVINGS STREAMS SUSTAINABLE GROWTH TARIFF BARRIERS TAX ADMINISTRATION TAX COLLECTION TAX RATES TAXATION TRADE LIBERALIZATION TRADE POLICIES TRANSITION ECONOMIES UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES WAGE INCREASES WAGES WTO |
| spellingShingle |
ADULT EDUCATION ASSETS AUDITING BALANCE SHEETS BANKING SYSTEM BANKRUPTCY BENCHMARKING BUDGET CONSTRAINTS BUDGET DEFICITS COLLECTIVE BARGAINING COMPETITION POLICY COMPETITIVE ECONOMY COMPETITIVENESS CONTRACT ENFORCEMENT DEBT DEBT RESTRUCTURING DEPOSITS ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC REFORM ECONOMIES IN TRANSITION EMPLOYMENT ENTITLEMENTS EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT GROWTH EXPORT LED GROWTH EXPORTS FINANCIAL SECTOR FISCAL DEFICITS FISCAL POLICY FOREIGN EXCHANGE FREE TRADE GDP GOVERNMENT EXPENDITURES GROWTH POLICY GROWTH POTENTIAL GROWTH RATE GROWTH THEORY HARD BUDGET CONSTRAINTS HUMAN CAPITAL IMPORTS INCOME INFLATION INNOVATIONS INTERNATIONAL TRADE LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKETS LAWS LEGISLATION LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET ECONOMIES MARKET ECONOMY MINIMUM WAGES MONETARY POLICY PENSIONS PRIVATE BANKS PRIVATIZATION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEBT PUBLIC DISCUSSION PUBLIC GOODS PUBLIC UTILITIES REAL GDP REAL SECTOR REAL WAGES REGULATORY FRAMEWORK SAVINGS STREAMS SUSTAINABLE GROWTH TARIFF BARRIERS TAX ADMINISTRATION TAX COLLECTION TAX RATES TAXATION TRADE LIBERALIZATION TRADE POLICIES TRANSITION ECONOMIES UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES WAGE INCREASES WAGES WTO World Bank Serbia and Montenegro : An Agenda for Economic Growth and Employment |
| geographic_facet |
Europe and Central Asia Serbia |
| description |
Upon resumption of its transition to a
market economy in late-2000, Serbia made good initial
progress across a range of areas. This progress began from a
very difficult starting point which reflected the legacy of
a decade of isolation, conflict, and poor economic
management. However, deep structural weaknesses remain.
Growth rates of around 4 percent per year will not suffice
to produce a rapid convergence of living standards towards
historical levels. Moreover, the positive elements of
Serbia's recent performance are not sustainable without
further adjustment and sustained reform. This report
analyzes Serbia's recent performance and near-term
reform priorities, in five areas which are particularly
important for growth and employment creation. Eight themes
emerge as the key reform priorities for enhancing growth and
employment generation in Serbia: enhanced political
stability and improved governance are key prerequisites for
sustained growth; reduction of the public sector, thus
reducing spending and fiscal burdens; promotion of export
development, addressing the anti-export bias, through
adequate institutional framework, tariff reform, and a
strong trade policy; completion of enterprises and banks
privatization; enhanced financial discipline and
competitiveness; enabling an improved business environment;
foster an enhanced, flexible formal labor market; enhance
quality of, and access to education and training. The report
demonstrates in great detail the outlined package of
substantial and permanent fiscal adjustment, and sustained
progress in structural reform, in order to generate the
higher investment rates and a more competitive economy which
can prod sustainable growth, and improved living standards
over the medium-term. Such policies need to be implemented
with urgency and unwavering commitment. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Serbia and Montenegro : An Agenda for Economic Growth and Employment |
| title_short |
Serbia and Montenegro : An Agenda for Economic Growth and Employment |
| title_full |
Serbia and Montenegro : An Agenda for Economic Growth and Employment |
| title_fullStr |
Serbia and Montenegro : An Agenda for Economic Growth and Employment |
| title_full_unstemmed |
Serbia and Montenegro : An Agenda for Economic Growth and Employment |
| title_sort |
serbia and montenegro : an agenda for economic growth and employment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/12/5521902/serbia-montenegro-serbia-agenda-economic-growth-employment http://hdl.handle.net/10986/14487 |
| _version_ |
1764428889752338432 |