Republic of North Macedonia : Action Plan for Recovery of Growth and Jobs
North Macedonia has made considerable progress in recent decades, moving from lower-middle to upper-middle income status, and from a planned to a functional market economy. Despite these reforms, the domestic economy still lacks the needed dynamism...
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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/809991603810854005/Republic-of-North-Macedonia-Action-Plan-for-Recovery-of-Growth-and-Jobs http://hdl.handle.net/10986/34755 |
| Summary: | North Macedonia has made considerable
progress in recent decades, moving from lower-middle to
upper-middle income status, and from a planned to a
functional market economy. Despite these reforms, the
domestic economy still lacks the needed dynamism to move
into higher-income status, as evidenced by a declining and
low productivity challenge. Compounding this challenge, the
economy also faces a low employment and skills challenge. To
address its productivity challenge North Macedonia will need
to continue to attract FDI and engage in an ambitious
strategic regulatory and firm-level reform agenda. North
Macedonia will need, as well, to continue supporting the
development of a skilled and well-trained labor force that
can match the upcoming demands of the private sector. |
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