Serbia and Montenegro : An Agenda for Economic Growth and Employment

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dc.creatorWorld Bank
dc.date2013-07-23T17:29:17Z
dc.date2013-07-23T17:29:17Z
dc.date2004-12-06
dc.date.accessioned2026-07-01T01:27:06Z
dc.descriptionUpon 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.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/12/5521902/serbia-montenegro-serbia-agenda-economic-growth-employment
dc.identifierhttps://hdl.handle.net/10986/14487
dc.identifierhttps://doi.org/10.1596/14487
dc.identifier.urihttp://hdl.handle.net/123456789/418208
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectADULT EDUCATION
dc.subjectASSETS
dc.subjectAUDITING
dc.subjectBALANCE SHEETS
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBENCHMARKING
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUDGET DEFICITS
dc.subjectCOLLECTIVE BARGAINING
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVE ECONOMY
dc.subjectCOMPETITIVENESS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectDEBT
dc.subjectDEBT RESTRUCTURING
dc.subjectDEPOSITS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPLICATIONS
dc.subjectECONOMIC REFORM
dc.subjectECONOMIES IN TRANSITION
dc.subjectEMPLOYMENT
dc.subjectENTITLEMENTS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT LED GROWTH
dc.subjectEXPORTS
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFOREIGN EXCHANGE
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGROWTH POLICY
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH THEORY
dc.subjectHARD BUDGET CONSTRAINTS
dc.subjectHUMAN CAPITAL
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINNOVATIONS
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR FORCE
dc.subjectLABOR LEGISLATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectLIVING STANDARDS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMINIMUM WAGES
dc.subjectMONETARY POLICY
dc.subjectPENSIONS
dc.subjectPRIVATE BANKS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DISCUSSION
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC UTILITIES
dc.subjectREAL GDP
dc.subjectREAL SECTOR
dc.subjectREAL WAGES
dc.subjectREGULATORY FRAMEWORK
dc.subjectSAVINGS
dc.subjectSTREAMS
dc.subjectSUSTAINABLE GROWTH
dc.subjectTARIFF BARRIERS
dc.subjectTAX ADMINISTRATION
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTAXATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICIES
dc.subjectTRANSITION ECONOMIES
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectWAGE INCREASES
dc.subjectWAGES
dc.subjectWTO
dc.titleSerbia and Montenegro : An Agenda for Economic Growth and Employment

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