Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
World Bank
Resumen
Descripción
This report looks beyond the current
global financial crisis to the restoration of dynamic
long-run growth in Serbia. The answer in this report is that
Serbia will need to fundamentally alter its growth model to
compete effectively in world markets. The past model relying
on excessive inflows of capital and credit that, in part,
fuelled a consumption boom has run its course in all
European countries. Serbia must shift to a greater export
orientation so that it can attain the major gains in
productivity and competitiveness necessary to propel
economic growth to a much higher trajectory. This cannot
happen without an explicit export strategy, and a set of
concomitant structural reforms, driven by commitment and
coordination at the highest political level. This report
tries to pinpoint policy actions that would be most
effective in raising the rate of productivity growth of
Serbia s enterprises so that better export performance and
sustained growth could be achieved. The report has three
parts. Part I reviews Serbia s macroeconomic situation and
its progress on structural reforms. Part II starts with a
review of the current status of Serbia s exports and trade
policy and regional trade arrangements. It then uses product
space (PS) analysis to examine areas where Serbia has a
revealed or potential comparative advantage. The report then
moves on to two such areas, metal processing and automobile
production, which are subjected to value chain analysis to
identify bottlenecks that need to be removed for Serbia to
become a successful producer and exporter in these areas.
The final part of the report looks at obstacles to more
rapid and sustainable development of production and exports.
It starts with the analysis of the business environment,
based on a range of surveys, which is followed by four
sectoral chapters that discuss the obstacles found to be
most binding in the business environment: labor skills,
power supply and efficiency of its use, use of land, and
trade facilitation.
Palabras clave
ACCOUNTING, ADMINISTRATIVE PROCEDURES, ADULT EDUCATION, AFTERMARKET, AGGREGATE DEMAND, AGRICULTURAL SUBSIDIES, AGRICULTURE, ARABLE LAND, AUCTIONS, AVERAGE PRODUCTIVITY, BALANCE OF PAYMENTS, BALANCE SHEETS, BANKING SECTORS, BARGAINING, BILATERAL TRADE, BINDING CONSTRAINT, CADASTRE, CAPACITY BUILDING, CAPITAL FLOWS, CAPITAL INFLOWS, CAPITAL MARKETS, COMMON MARKET, COMPARATIVE ADVANTAGE, COMPARATIVE ADVANTAGES, COMPETITION POLICY, COMPETITIVE ADVANTAGES, COMPETITIVENESS, COMPLEX TASK, CONSUMER GOODS, CONSUMERS, CONTRACT ENFORCEMENT, CURRENCY, CURRENT ACCOUNT DEFICIT, DEBT, DEREGULATION, DEVELOPING COUNTRIES, DRIVERS, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, ECONOMIC GROWTH, ECONOMIC RECOVERY, ECONOMIES OF SCALE, ELASTICITY, ELECTRICITY DEMAND, EMERGING MARKETS, ENERGY CONSUMPTION, ENERGY PRICES, ENVIRONMENTAL, EQUIPMENT, EXPENDITURE, EXPORT GROWTH, EXPORT LED GROWTH, EXPORT PERFORMANCE, EXPORT SHARES, EXPORTER, EXPORTERS, EXPORTS, EXTERNAL DEBT, FARMS, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FISCAL DISCIPLINE, FISCAL POLICY, FIXED COSTS, FOOD PRODUCTION, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENTS, FOREIGN LOANS, FOREIGN MARKETS, FREE TRADE, FULL EMPLOYMENT, FUTURES, GDP, GDP PER CAPITA, GLOBAL MARKETS, GLOBAL TRADE, GOVERNMENT POLICIES, GOVERNMENT POLICY, GROWTH RATE, HIGH UNEMPLOYMENT, HOUSEHOLD INCOME, HUMAN CAPITAL, HUMAN DEVELOPMENT, INCOME, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INEFFICIENCY, INFLATION, INNOVATION, INTEREST PAYMENTS, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL STANDARDS, INVENTORY, INVESTMENT CLIMATE, INVESTMENT CLIMATES, JOB CREATION, LABOR COSTS, LABOR FORCE, LABOR MARKET, LABOR MARKET NEEDS, LABOR MARKET POLICIES, LABOR PRODUCTIVITY, LACK OF COMPETITION, LAND USE, LIBERALIZATION OF TRADE, LIVING STANDARDS, MACROECONOMIC ENVIRONMENT, MACROECONOMIC STABILITY, MARGINAL PRODUCTS, MARKET DEVELOPMENT, MARKET FAILURE, MARKET FAILURES, MARKET FORCES, MARKET INFORMATION, MARKET LIBERALIZATION, MARKET PARTICIPANTS, MARKET PRICES, MARKET STABILIZATION, MARKET SURVEILLANCE, MARKETING, MERCHANDISE, MERCHANDISE TRADE, METALS, MONETARY POLICY, MULTILATERAL TRADE, NATURAL DISASTER, NATURAL DISASTERS, OCCUPATIONS, OPEN ECONOMY, PAYMENT SYSTEM, POLICY ENVIRONMENT, POLICY MAKERS, POLICY RESPONSES, POLITICAL ECONOMY, PORTFOLIO, PRICE VOLATILITY, PRIVATE INVESTORS, PRODUCERS, PRODUCTION COSTS, PRODUCTION PROCESSES, PRODUCTIVE RESOURCES, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PROPERTY RIGHTS, PUBLIC EXPENDITURES, PUBLIC GOODS, PUBLIC SPENDING, REAL GDP, REGULATORY BARRIERS, RESERVES, RETAIL, RETURN, RETURNS TO SCALE, RISK FACTORS, RULE OF LAW, SAFETY, SALE, SCALE EFFECT, SKILLED LABOR, SKILLED WORKERS, STOCKS, SUBSTITUTE, SUBSTITUTES, SUPPLIERS, SUPPLY CHAIN, SUPPLY CHAINS, SURPLUS, SURPLUSES, SUSTAINABLE DEVELOPMENT, SUSTAINABLE GROWTH, TARIFF BARRIERS, TAX, TAX RATES, TELECOMMUNICATIONS, TOTAL FACTOR PRODUCTIVITY, TRADE DEFICIT, TRADE LIBERALIZATION, TRADE POLICIES, TRADE POLICY, TRADE REGIME, TRADING, TRANSITION ECONOMIES, UNDERLYING PROBLEMS, UNEMPLOYED, UNEMPLOYMENT, UNEMPLOYMENT RATE, VALUE ADDED, VOLATILITY, WAGES, WHOLESALE TRADE, WORLD MARKET, WORLD MARKETS, WTO, YOUNGER WORKERS