Publication:
Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 2. Main Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:14:37Z
dc.date.available2012-03-19T10:14:37Z
dc.date.issued2011-12-06
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_20120302093229
dc.identifier.doi10.1596/2830
dc.identifier.urihttps://hdl.handle.net/10986/2830
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.subjectADVANCED ECONOMIES
dc.subjectADVERSE EFFECTS
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH
dc.subjectASSET MANAGEMENT
dc.subjectASSETS
dc.subjectAUCTIONS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANKING SECTORS
dc.subjectBASIC METALS
dc.subjectBILATERAL TRADE
dc.subjectBILATERAL TRADE DATA
dc.subjectBUFFER
dc.subjectCADASTRE
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PROTECTION
dc.subjectCOST ANALYSIS
dc.subjectCREDIT BOOM
dc.subjectCREDIT FLOWS
dc.subjectCREDIT GROWTH
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDEFICITS
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC SAVING
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC STRUCTURE
dc.subjectELASTICITY
dc.subjectELECTRICITY DEMAND
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY EFFICIENCY
dc.subjectENVIRONMENTS
dc.subjectEXPANSION OF EXPORTS
dc.subjectEXPENDITURES
dc.subjectEXPORT CAPACITY
dc.subjectEXPORT DIVERSIFICATION
dc.subjectEXPORT GROWTH
dc.subjectEXPORT GROWTH RATE
dc.subjectEXPORT GROWTH RATES
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORT SHARES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL POSITION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFISH
dc.subjectFIXED COSTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INTEREST
dc.subjectFOREIGN INTEREST RATES
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN MARKETS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENTS
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL INTEREST
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMBALANCES
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectINCOME GROWTH
dc.subjectINCREASING RETURNS
dc.subjectINFLATION
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATES
dc.subjectINVESTMENT DEMAND
dc.subjectINVESTMENT RATES
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectISSUANCE
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAND POLICY
dc.subjectLAND USE
dc.subjectLEVEL OF INVESTMENT
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY PROBLEM
dc.subjectLIVING STANDARDS
dc.subjectLOCAL BUSINESS
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL PRODUCTS
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMETALS
dc.subjectMONETARY CONDITIONS
dc.subjectMONETARY POLICY
dc.subjectNATIONAL BANK
dc.subjectNATIONAL BANKS
dc.subjectNET EXPORTS
dc.subjectNONPAYMENT
dc.subjectOIL
dc.subjectOPPORTUNITY COST
dc.subjectPOLICY MAKERS
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPOVERTY LEVELS
dc.subjectPRICE INCREASES
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR DEBT
dc.subjectPRODUCTION PROCESSES
dc.subjectPROPERTY RIGHTS
dc.subjectPROPERTY VALUES
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC EXTERNAL DEBT
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC SPENDING
dc.subjectQUALITY STANDARDS
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectRATES FOR EXPORTS
dc.subjectREAL APPRECIATION
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectRECESSION
dc.subjectREGIONAL MARKETS
dc.subjectREGIONAL TRADE ARRANGEMENTS
dc.subjectREGULATORY BARRIERS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REFORM
dc.subjectRELATIVE PRICES
dc.subjectRETURN
dc.subjectSAFETY NET
dc.subjectSCALE EFFECT
dc.subjectSECTOR REFORM
dc.subjectSTABLE GROWTH
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUPPLY SIDE
dc.subjectSURPLUS
dc.subjectSUSTAINABLE GROWTH
dc.subjectTARIFF BARRIERS
dc.subjectTARIFF POLICY
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL EXPORTS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE AGREEMENT
dc.subjectTRADE BALANCE
dc.subjectTRADE BALANCES
dc.subjectTRADE BARRIERS
dc.subjectTRADE DEFICIT
dc.subjectTRADE FACILITATION
dc.subjectTRADE INTEGRATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE OPENNESS
dc.subjectTRADE PERFORMANCE
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADE RELATIONS
dc.subjectTRADING
dc.subjectTRADING PARTNERS
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTREATY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUATION
dc.subjectVALUATION SYSTEM
dc.subjectVALUE ADDED
dc.subjectWORLD MARKET
dc.subjectWORLD MARKETS
dc.subjectWORLD TRADE
dc.subjectWTO
dc.titleSerbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 2. Main Reporten
dspace.entity.typePublication
okr.date.disclosure2012-03-02
okr.date.doiregistration2025-05-07T12:15:15.592417Z
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_20120302093229
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.externaldocumentum000020953_20120302093229
okr.identifier.internaldocumentum15884572
okr.identifier.report65845
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/03/02/000020953_20120302093229/Rendered/PDF/658450ESW0P1230IC00CEM0Vol020final.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.topicFinance and Financial Sector Development::Debt Markets
okr.topicInternational Economics and Trade::Free Trade
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEnvironment::Environmental Economics & Policies
okr.unitOffice of the Regional Vice Pres (ECAVP)
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume2 of 2
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