Publication:
Kosovo - Unlocking Growth Potential : Strategies, Policies, Actions - A Country Economic Memorandum

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:23:04Z
dc.date.available2012-03-19T10:23:04Z
dc.date.issued2010-04-29
dc.description.abstractKosovo's economic growth in the past decade has been solid, yet, with a gross domestic product (GDP) per capita of 1,760, the country remains one of the poorest in Europe. The end of the conflict, output was growing at double-digit rates, driven by the donor-funded reconstruction efforts. Since 2005, annual growth has decelerated to below 5 percent. However, the other countries in Southeast Europe have been growing faster, so the income gap has widened. Kosovo's economy would need to more than double its growth rate to 10 percent per annum over the next decade to reach Albania's income level (assuming Albania's economy continues to grow at 5.5 percent annually over this period). To reach Montenegro's current GDP per capita level of about 5,700, the economy would have to grow at 12 percent per annum for an entire decade. At the same time, Kosovo has the weakest employment track record in Europe: the unemployment rate has reached 48 percent and the employment rate is extremely low (26 percent). Consequently, poverty remains persistent and widespread (though shallow) with 45 percent of the population estimated to consume less than the national poverty line, while 17 percent are extremely poor. Much of the economic progress in the recent period has been based on donor aid and remittances, which cannot be the foundation of a sustainable economic strategy. Kosovo has the potential to shift toward faster, private sector led growth. Kosovo's products have free market access to the European Union (EU) and Central European Free Trade Agreement (CEFTA) countries, so exports could become an important pillar of growth. Unleashing that potential will involve bringing on line three production factors that are now sitting partially idle: labor, land, and energy and minerals. The encouraging news is that unleashing this potential is within the country's own grasp, because most of the current obstacles are of a policy nature. However, simultaneous action will be required on several policy fronts.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100527043201
dc.identifier.doi10.1596/2859
dc.identifier.urihttps://hdl.handle.net/10986/2859
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectAGRICULTURE
dc.subjectALTERNATIVE ENERGY
dc.subjectARABLE LAND
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SECTOR
dc.subjectBENEFIT ANALYSIS
dc.subjectBUDGET SURPLUS
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS INVESTMENT
dc.subjectBUSINESS REGULATIONS
dc.subjectCADASTRE
dc.subjectCAPITAL BASE
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCLIMATIC CONDITIONS
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCONSUMERS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCPI
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDECENTRALIZATION
dc.subjectDEFICITS
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT INVESTMENT
dc.subjectDOMESTIC DEBT
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC BOOM
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC IMPLICATIONS
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC PROGRESS
dc.subjectELECTRICITY GENERATION
dc.subjectENTERPRISE PERFORMANCE
dc.subjectENVIRONMENTAL
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPLOITATION
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORT SHARE
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL TRADE
dc.subjectFARMS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISHING
dc.subjectFIXED CAPITAL
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTOR
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN MARKETS
dc.subjectFORESTRY
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT REVENUE
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHOME COUNTRY
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCES
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINDUSTRIALIZATION
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATES
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLAND OWNERSHIP
dc.subjectLAND PARCELS
dc.subjectLAND POLICIES
dc.subjectLAND PRIVATIZATION
dc.subjectLAND USE
dc.subjectLANDOWNERS
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLOAN
dc.subjectLOCAL BANK
dc.subjectLONG-TERM DEBT
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ACCESS
dc.subjectMARKET DEMAND
dc.subjectMARKET INFORMATION
dc.subjectMARKET PERFORMANCE
dc.subjectMETALS
dc.subjectMINES
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY FUND
dc.subjectMONETARY INSTRUMENTS
dc.subjectNATURAL RESOURCES
dc.subjectNONPAYMENT
dc.subjectNONPERFORMING LOANS
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectPENSION
dc.subjectPERSONAL INCOME
dc.subjectPOLICY MAKERS
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL RISKS
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPOTENTIAL INVESTORS
dc.subjectPOWER OUTAGES
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE CONSUMPTION DEMAND
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR GROWTH
dc.subjectPRODUCTION OUTPUT
dc.subjectPRODUCTIVE INVESTMENT
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT STOCK
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC SAVINGS
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRAPID ECONOMIC GROWTH
dc.subjectREAL ESTATE
dc.subjectREGULATORY BARRIERS
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY REGIME
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEM
dc.subjectRULE OF LAW
dc.subjectSAFETY NET
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTAX REVENUE
dc.subjectTAX SYSTEM
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL OUTPUT
dc.subjectTOTAL REVENUE
dc.subjectTRACK RECORD
dc.subjectTRADE CREDITS
dc.subjectTRADE DEFICIT
dc.subjectTRADE NEGOTIATIONS
dc.subjectTRADE SECTOR
dc.subjectTRADING
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUATION
dc.subjectVALUE ADDED
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleKosovo - Unlocking Growth Potential : Strategies, Policies, Actions - A Country Economic Memorandumen
dspace.entity.typePublication
okr.date.disclosure2010-07-30
okr.date.doiregistration2025-05-07T10:07:44.145453Z
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100527043201
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid276541468047941730
okr.identifier.externaldocumentum000333038_20100527043201
okr.identifier.internaldocumentum12330091
okr.identifier.report53185
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/05/27/000333038_20100527043201/Rendered/PDF/531850ESW0P112101Official0Use0Only1.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKosovo
okr.sectorHealth
okr.sectorGeneral public administration sector
okr.sectorGeneral industry and trade sector
okr.sectorGeneral finance sector
okr.sectorGeneral education sector
okr.sectorHealth and other social services
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorIndustry and trade
okr.sectorFinance
okr.sectorEducation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEnvironment::Environmental Economics & Policies
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1 of 1
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