Publication:
Rebalancing Serbia's Economy : Improving Competitiveness, Strengthening the Private Sector, and Creating Jobs

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-12-17T16:24:11Z
dc.date.available2014-12-17T16:24:11Z
dc.date.issued2014-06
dc.description.abstractSerbia's economy is out of balance and performing below its potential. Since the post, Yugoslavian transition, Serbia's economy has been running on one engine, the non-tradable sector and expansion of domestic demand. This was financed with ample capital inflows, which were sharply reduced since 2008 as the global economic crisis escalated. While this consumption-led growth produced some improvements in living standards, it was not sustainable and created hardly any formal jobs. This explains why Serbia's job market is also out of balance. Less than half of the working-age population has a job at all, and among those that are formally employed, almost half are employed in the public sector. This note identifies three priority areas and a set of specific measures which complement other important reforms, especially those related to improving the country's macroeconomic and fiscal position. The reforms will make it easier to invest, operate a business, and create jobs. The measures could be implemented within a relatively short period of time, since many of them build on the existing initiatives and address well identified problems. Priority area one, making it easier to operate businesses, by reducing excessive administrative burdens and making regulatory environment predictable; priority area two, making it easier to invest and expand business, by improving planning and construction permits procedures; and priority area three, making it viable to create formal sector jobs, by reducing labor market costs and rigidities.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/20274628/serbia-competitiveness-policy-note-rebalancing-serbias-economy-improving-competitiveness-strengthening-private-sector-creating-jobs
dc.identifier.doi10.1596/20753
dc.identifier.urihttps://hdl.handle.net/10986/20753
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCELERATORS
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectAGE GROUP
dc.subjectAGE GROUPS
dc.subjectAGRICULTURE
dc.subjectAUTOMOBILE
dc.subjectAVERAGE WAGE
dc.subjectBASIC METALS
dc.subjectBENCHMARKS
dc.subjectBEST PRACTICES
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENTITIES
dc.subjectBUSINESS ENTRY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectBUSINESS REGISTRATION
dc.subjectBUSINESS SECTOR
dc.subjectBUSINESS SERVICES
dc.subjectBUSINESSES
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMUNICATION SERVICES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE PRODUCTS
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMPTION EXPENDITURES
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTROL SYSTEMS
dc.subjectCOORDINATION MECHANISMS
dc.subjectCOPYRIGHT
dc.subjectCREATING JOBS
dc.subjectCREDIT CARD
dc.subjectCREDIT CARD TRANSACTIONS
dc.subjectCUSTOMS
dc.subjectDEBT
dc.subjectDEVELOPMENT AGENCY
dc.subjectDISMISSAL
dc.subjectDOMAIN
dc.subjectDOMESTIC MARKET
dc.subjectE-GOVERNMENT
dc.subjectE-MAIL
dc.subjectEARLY RETIREMENT
dc.subjectEARNING
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC COMPETITIVENESS
dc.subjectECONOMIC GROWTH
dc.subjectEGOVERNMENT
dc.subjectELECTRICITY
dc.subjectELECTRONIC FILING
dc.subjectEMPLOYABILITY
dc.subjectEMPLOYEE
dc.subjectEMPLOYMENT PROSPECTS
dc.subjectEMPLOYMENT RATE
dc.subjectEMPLOYMENT RATES
dc.subjectENTERPRISE SURVEYS
dc.subjectENTREPRENEURIAL SKILLS
dc.subjectEQUIPMENT
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKET
dc.subjectEXPORT MARKETS
dc.subjectEXPORTS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL POLICY
dc.subjectFOOD PRODUCTION
dc.subjectFOREIGN TRADE
dc.subjectFUNCTIONALITY
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL COMPETITIVENESS
dc.subjectGLOBAL SUPPLY CHAINS
dc.subjectGOVERNMENT REGULATION
dc.subjectGROSS WAGE
dc.subjectGROWTH RATE
dc.subjectHARDWARE
dc.subjectICT
dc.subjectINDUSTRIAL EMPLOYMENT
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMATION SERVICES
dc.subjectINFORMATION SYSTEMS
dc.subjectINNOVATION
dc.subjectINSPECTION
dc.subjectINSPECTIONS
dc.subjectINSTITUTION
dc.subjectINSTITUTIONAL CAPACITIES
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSURANCE
dc.subjectINTERMEDIATE GOODS
dc.subjectINVENTORY
dc.subjectIP
dc.subjectJOB CREATION
dc.subjectJOB LOSSES
dc.subjectJOB MARKET
dc.subjectJOB SECURITY
dc.subjectJOBS CRISIS
dc.subjectLABOR ALLOCATION
dc.subjectLABOR COST
dc.subjectLABOR COSTS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET REFORMS
dc.subjectLABOR MARKET RIGIDITIES
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR PRODUCTIVITY GROWTH
dc.subjectLABOR PRODUCTIVITY LEVEL
dc.subjectLABOR REALLOCATION
dc.subjectLAND USE
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLICENSES
dc.subjectLIVING STANDARDS
dc.subjectLOW EMPLOYMENT
dc.subjectMANUFACTURING
dc.subjectMANUFACTURING INDUSTRY
dc.subjectMARKET ECONOMY
dc.subjectMARKET FACTORS
dc.subjectMARKET PLACE
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMARKETING
dc.subjectMATERIAL
dc.subjectNETWORKS
dc.subjectNEW MARKETS
dc.subjectOIL
dc.subjectOLDER WORKERS
dc.subjectONE-STOP SHOPS
dc.subjectOPEN ECONOMY
dc.subjectOUTSOURCING
dc.subjectPAID WORKERS
dc.subjectPER CAPITA INCOME
dc.subjectPRIVATE COMPANIES
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRIVATE SECTOR JOB
dc.subjectPRIVATE SECTOR WAGE
dc.subjectPRIVATE SECTORS
dc.subjectPRODUCERS
dc.subjectPRODUCT DIVERSIFICATION
dc.subjectPRODUCTION FACILITIES
dc.subjectPRODUCTIVE ACTIVITIES
dc.subjectPRODUCTIVITY GAP
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY LEVELS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC SECTOR JOB
dc.subjectQUERIES
dc.subjectQUOTAS
dc.subjectR&D
dc.subjectREGISTRATION OF BUSINESS
dc.subjectREGISTRIES
dc.subjectREGISTRY
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENTS
dc.subjectRENT SEEKING
dc.subjectRESOURCE ALLOCATION
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL TRADE
dc.subjectSECURE PROPERTY RIGHTS
dc.subjectSERVICE SECTOR
dc.subjectSEVERANCE PAY
dc.subjectSEVERANCE PAYMENTS
dc.subjectSKILLED LABOR
dc.subjectSKILLED WORKERS
dc.subjectSOFTWARE SERVICES
dc.subjectSTATISTICAL DATA
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUPERVISION
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAINS
dc.subjectSURPLUS LABOR
dc.subjectSURVIVAL RATE
dc.subjectSUSTAINABLE GROWTH
dc.subjectTECHNICAL KNOWLEDGE
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE
dc.subjectTIME PERIOD
dc.subjectTIME ZONE
dc.subjectTOTAL EMPLOYMENT
dc.subjectTOTAL REVENUE
dc.subjectTRADE BALANCE
dc.subjectTRADE COMPETITIVENESS
dc.subjectTRADE DEFICIT
dc.subjectTRANSITION ECONOMIES
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectUNSKILLED LABOR
dc.subjectUNSKILLED WORKERS
dc.subjectUSERS
dc.subjectVALUATION
dc.subjectVALUE ADDED
dc.subjectVALUE CHAINS
dc.subjectWAGE LEVEL
dc.subjectWAGES
dc.subjectWASTE MANAGEMENT
dc.subjectWEB
dc.subjectWEB SITE
dc.subjectWORK HISTORY
dc.subjectWORKER
dc.subjectYOUTH UNEMPLOYMENT
dc.titleRebalancing Serbia's Economy : Improving Competitiveness, Strengthening the Private Sector, and Creating Jobsen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2014-10-09
okr.date.doiregistration2025-05-07T11:51:06.855876Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/20274628/serbia-competitiveness-policy-note-rebalancing-serbias-economy-improving-competitiveness-strengthening-private-sector-creating-jobs
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeSocial Protection and Labor
okr.guid384081468304792170
okr.identifier.externaldocumentum000442464_20141009133943
okr.identifier.internaldocumentum20274628
okr.identifier.reportACS8575
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/10/09/000442464_20141009133943/Rendered/PDF/ACS85750WP0Box0cing0Serbias0Economy.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countrySerbia
okr.sectorIndustry and trade
okr.themeEconomic management :: Analysis of economic growth
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: Export development and competitiveness
okr.themeTrade and integration :: Regional integration
okr.topicEnvironmental Economics and Policies
okr.topicPrivate Sector Development::E-Business
okr.topicSocial Protections and Labor::Labor Policies
okr.topicEconomic Theory and Research
okr.topicSocial Protections and Labor::Labor Markets
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitPrivate/Financial Sectors Devt (ECSPF)
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