Publication:
Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:14:36Z
dc.date.available2012-03-19T10:14:36Z
dc.date.issued2011-12-12
dc.description.abstractThis 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.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=000020953_20120302092038
dc.identifier.doi10.1596/2829
dc.identifier.urihttps://hdl.handle.net/10986/2829
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.subjectACCOUNTING
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectADULT EDUCATION
dc.subjectAFTERMARKET
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURAL SUBSIDIES
dc.subjectAGRICULTURE
dc.subjectARABLE LAND
dc.subjectAUCTIONS
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANKING SECTORS
dc.subjectBARGAINING
dc.subjectBILATERAL TRADE
dc.subjectBINDING CONSTRAINT
dc.subjectCADASTRE
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCOMMON MARKET
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLEX TASK
dc.subjectCONSUMER GOODS
dc.subjectCONSUMERS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDRIVERS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RECOVERY
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectELECTRICITY DEMAND
dc.subjectEMERGING MARKETS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY PRICES
dc.subjectENVIRONMENTAL
dc.subjectEQUIPMENT
dc.subjectEXPENDITURE
dc.subjectEXPORT GROWTH
dc.subjectEXPORT LED GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORT SHARES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectFARMS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFIXED COSTS
dc.subjectFOOD PRODUCTION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN LOANS
dc.subjectFOREIGN MARKETS
dc.subjectFREE TRADE
dc.subjectFULL EMPLOYMENT
dc.subjectFUTURES
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT POLICY
dc.subjectGROWTH RATE
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINNOVATION
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATES
dc.subjectJOB CREATION
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET NEEDS
dc.subjectLABOR MARKET POLICIES
dc.subjectLABOR PRODUCTIVITY
dc.subjectLACK OF COMPETITION
dc.subjectLAND USE
dc.subjectLIBERALIZATION OF TRADE
dc.subjectLIVING STANDARDS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL PRODUCTS
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET FORCES
dc.subjectMARKET INFORMATION
dc.subjectMARKET LIBERALIZATION
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRICES
dc.subjectMARKET STABILIZATION
dc.subjectMARKET SURVEILLANCE
dc.subjectMARKETING
dc.subjectMERCHANDISE
dc.subjectMERCHANDISE TRADE
dc.subjectMETALS
dc.subjectMONETARY POLICY
dc.subjectMULTILATERAL TRADE
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTERS
dc.subjectOCCUPATIONS
dc.subjectOPEN ECONOMY
dc.subjectPAYMENT SYSTEM
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPRICE VOLATILITY
dc.subjectPRIVATE INVESTORS
dc.subjectPRODUCERS
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVE RESOURCES
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY INCREASES
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC SPENDING
dc.subjectREAL GDP
dc.subjectREGULATORY BARRIERS
dc.subjectRESERVES
dc.subjectRETAIL
dc.subjectRETURN
dc.subjectRETURNS TO SCALE
dc.subjectRISK FACTORS
dc.subjectRULE OF LAW
dc.subjectSAFETY
dc.subjectSALE
dc.subjectSCALE EFFECT
dc.subjectSKILLED LABOR
dc.subjectSKILLED WORKERS
dc.subjectSTOCKS
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTES
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CHAINS
dc.subjectSURPLUS
dc.subjectSURPLUSES
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectTARIFF BARRIERS
dc.subjectTAX
dc.subjectTAX RATES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE DEFICIT
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADING
dc.subjectTRANSITION ECONOMIES
dc.subjectUNDERLYING PROBLEMS
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUE ADDED
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWHOLESALE TRADE
dc.subjectWORLD MARKET
dc.subjectWORLD MARKETS
dc.subjectWTO
dc.subjectYOUNGER WORKERS
dc.titleSerbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overviewen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2012-03-02
okr.date.doiregistration2025-05-07T10:07:57.216550Z
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=000020953_20120302092038
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.identifier.externaldocumentum000020953_20120302092038
okr.identifier.internaldocumentum15884428
okr.identifier.report65845
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/03/02/000020953_20120302092038/Rendered/PDF/658450ESW0P1230IC00CEM0Vol010final.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countrySerbia
okr.region.geographicalEurope
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.topicSocial Protections and Labor::Labor Policies
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicEnvironment::Environmental Economics & Policies
okr.unitOffice of the Regional Vice Pres (ECAVP)
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1 of 2
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