Report

Positioning FYR Macedonia for the Global Economy : The Impact of Reforms and Investment Promotion in the Automotive Components Manufacturing Sector

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collection.link.213
https://openknowledge.worldbank.org/handle/10986/11866
collection.name.213
Other papers
dc.contributor.author
World Bank Group
dc.date.accessioned
2018-03-07T15:47:36Z
dc.date.available
2018-03-07T15:47:36Z
dc.date.issued
2017
dc.description.abstract
Over the last two decades, successive governments and business leaders in the former Yugoslav Republic of (FYR) Macedonia have been actively working to transform the country’s economy and put it on a higher, technology-based, growth trajectory. For a small, landlocked country with a limited domestic market and a weak industrial base, this requires building a private sector that is competitive, export oriented,and integrated into global value chains (GVCs). In FYR Macedonia, where 23.7 percent of the labor force is unemployed and 30.7 percent of the population lives on less than USD 5 a day (2016 data),creating an attractive, competitive, and export-oriented private sector—one that leverages the country’s proximity to developed European markets and world-class enterprises—has become a political and strategic economic objective of the highest priority. This report describes the parameters of an aggressive reform and investment promotion effort in FYR Macedonia that began a decade ago and moved the country’s manufacturing sector toward higher value added, technology-based production with a unique focus on automotive component manufacturing. Readers interested in learning how a small country located in the Balkans region with a-priori low potential was able to reform its institutions, promote itself, and attract foreign direct investment (FDI) should find it useful. So will readers that are interested in industry specific strategies that go beyond first generation business environment reforms. Much of the report is a look backwards, to describe the parameters of the program, how it was executed, and results that were achieved. However, future steps are also proposed. The program is still very much a work in progress, and while very real and significant gains have been made—much to the credit of the country—certain aspects of it could be improved. Parts of the program are also in the process of being reshaped to reach new objectives, many of them related to sustainability. How well the government of FYR Macedonia focuses on new objectives defined by this transitional shift and directs future resources to encourage the processes there to go forward, will be a determining factor in whether its companies, and the country as whole, will be able to take the economy to a new level of competitiveness.
en
dc.identifier.uri
http://hdl.handle.net/10986/29427
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
COMPETITIVENESS
dc.subject
INVESTMENT PROMOTION
dc.subject
BUSINESS ENVIRONMENT
dc.subject
AUTOMOTIVE SECTOR
dc.subject
GLOBAL VALUE CHAINS
dc.subject
EXPORT COMPETITIVENESS
dc.subject
JOB CREATION
dc.subject
SMEs
dc.subject
SMALL AND MEDIUM ENTERPRISES
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.title
Positioning FYR Macedonia for the Global Economy
en
dc.title.subtitle
The Impact of Reforms and Investment Promotion in the Automotive Components Manufacturing Sector
en
dc.type
Report
en
okr.date.disclosure
2018-02-28
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/182801519814969792/Positioning-FYR-Macedonia-for-the-global-economy-the-impact-of-reforms-and-investment-promotion-in-the-automotive-components-manufacturing-sector
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b085701614_1_0
okr.identifier.internaldocumentum
29677259
okr.identifier.report
123752
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/182801519814969792/pdf/WP-P154263-PUBLIC-Macedonia-manufacturing-transformation-report-Final.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Macedonia, former Yugoslav Republic of
okr.sector
Industry, Trade and Services
okr.theme
Financial and private sector development :: Regulation and competition policy
okr.theme
Financial and private sector development :: Micro, Small and Medium Enterprise support
okr.topic
Public Sector Development :: Public Sector Economics
okr.topic
International Economics and Trade :: Export Competitiveness
okr.topic
Law and Development :: Private Sector Development Law
okr.topic
Private Sector Development :: Business Environment
okr.topic
Private Sector Development :: Competitiveness and Competition Policy
okr.unit
Trade and Competitiveness Global Practice

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