Serbia’s New Growth Agenda : Job and Training-Ready
Serbia now has an exceptional policy opportunity to promote skills development and create a productive future workforce and a prosperous economy. With its population aging and the nature of work changing in a technologically transforming and global...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/719751585549743153/Serbia-s-New-Growth-Agenda-Country-Economic-Memorandum-Job-and-Training-Ready http://hdl.handle.net/10986/33566 |
| Summary: | Serbia now has an exceptional policy
opportunity to promote skills development and create a
productive future workforce and a prosperous economy. With
its population aging and the nature of work changing in a
technologically transforming and globalizing economy, a
highly skilled Serbian workforce would help generate growth
in productivity. A more productive economy will then help
Serbia to approach the living standards of its Western
European neighbors as it moves forward on the path to EU
accession. For Serbia, this is a policy imperative. Serbia
needs a surge in job creation, which will have to come from
higher private sector dynamism and address persistent labor
market challenges. Sustained employment increases will
require on the demand side a boost in private sector job
creation; and on the supply side reducing barriers and
disincentives to work and improving worker skills. In
Serbia, labor market status is associated with educational
attainment (Figure 2). Higher literacy is associated with
getting more skilled jobs (white-collar occupations at all
skill levels) and often a job that is of higher quality. |
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