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

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:14:37Z
dc.date	2012-03-19T10:14:37Z
dc.date	2011-12-06
dc.date.accessioned	2023-02-17T20:42:28Z
dc.date.available	2023-02-17T20:42:28Z
dc.identifier	http://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	http://hdl.handle.net/10986/2830
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243192
dc.description	This 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.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ADVANCED ECONOMIES
dc.subject	ADVERSE EFFECTS
dc.subject	AGGREGATE DEMAND
dc.subject	AGRICULTURE
dc.subject	ANNUAL GROWTH
dc.subject	ASSET MANAGEMENT
dc.subject	ASSETS
dc.subject	AUCTIONS
dc.subject	BALANCE OF PAYMENTS
dc.subject	BALANCE SHEETS
dc.subject	BANKING SECTORS
dc.subject	BASIC METALS
dc.subject	BILATERAL TRADE
dc.subject	BILATERAL TRADE DATA
dc.subject	BUFFER
dc.subject	CADASTRE
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL MARKETS
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPETITION POLICY
dc.subject	COMPETITIVENESS
dc.subject	CONSOLIDATION
dc.subject	CONSUMER PROTECTION
dc.subject	COST ANALYSIS
dc.subject	CREDIT BOOM
dc.subject	CREDIT FLOWS
dc.subject	CREDIT GROWTH
dc.subject	CREDITORS
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	DEBT
dc.subject	DEBT RELIEF
dc.subject	DEFICITS
dc.subject	DEREGULATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DOMESTIC CONSUMPTION
dc.subject	DOMESTIC DEMAND
dc.subject	DOMESTIC SAVING
dc.subject	ECONOMETRIC ANALYSIS
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC CONDITIONS
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC ENVIRONMENT
dc.subject	ECONOMIC EXPANSION
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC POLICY
dc.subject	ECONOMIC STRUCTURE
dc.subject	ELASTICITY
dc.subject	ELECTRICITY DEMAND
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING MARKET ECONOMIES
dc.subject	ENERGY CONSUMPTION
dc.subject	ENERGY EFFICIENCY
dc.subject	ENVIRONMENTS
dc.subject	EXPANSION OF EXPORTS
dc.subject	EXPENDITURES
dc.subject	EXPORT CAPACITY
dc.subject	EXPORT DIVERSIFICATION
dc.subject	EXPORT GROWTH
dc.subject	EXPORT GROWTH RATE
dc.subject	EXPORT GROWTH RATES
dc.subject	EXPORT PERFORMANCE
dc.subject	EXPORT SHARES
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXPORTS
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNAL FINANCING
dc.subject	EXTERNAL POSITION
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL SECTOR
dc.subject	FISCAL DISCIPLINE
dc.subject	FISCAL POLICY
dc.subject	FISH
dc.subject	FIXED COSTS
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN INTEREST
dc.subject	FOREIGN INTEREST RATES
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN MARKETS
dc.subject	FREE TRADE
dc.subject	FREE TRADE AGREEMENTS
dc.subject	GDP PER CAPITA
dc.subject	GLOBAL INTEREST
dc.subject	GLOBAL MARKETS
dc.subject	GLOBAL TRADE
dc.subject	GOVERNMENT POLICIES
dc.subject	GOVERNMENT REVENUE
dc.subject	GOVERNMENT REVENUES
dc.subject	GROWTH PERFORMANCE
dc.subject	GROWTH RATE
dc.subject	GROWTH RATES
dc.subject	HIGH UNEMPLOYMENT
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN DEVELOPMENT
dc.subject	IMBALANCES
dc.subject	IMPORT
dc.subject	IMPORTS
dc.subject	INCOME GROWTH
dc.subject	INCREASING RETURNS
dc.subject	INFLATION
dc.subject	INTEREST PAYMENTS
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL CAPITAL MARKETS
dc.subject	INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject	INTERNATIONAL MARKETS
dc.subject	INVENTORY
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT CLIMATES
dc.subject	INVESTMENT DEMAND
dc.subject	INVESTMENT RATES
dc.subject	INVESTMENT REQUIREMENTS
dc.subject	ISSUANCE
dc.subject	LABOR COSTS
dc.subject	LABOR FORCE
dc.subject	LABOR MARKET
dc.subject	LABOR MARKETS
dc.subject	LABOR PRODUCTIVITY
dc.subject	LAND POLICY
dc.subject	LAND USE
dc.subject	LEVEL OF INVESTMENT
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY PROBLEM
dc.subject	LIVING STANDARDS
dc.subject	LOCAL BUSINESS
dc.subject	LOCAL CURRENCY
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC STABILITY
dc.subject	MARGINAL PRODUCTS
dc.subject	MARKET ECONOMIES
dc.subject	MARKET ECONOMY
dc.subject	METALS
dc.subject	MONETARY CONDITIONS
dc.subject	MONETARY POLICY
dc.subject	NATIONAL BANK
dc.subject	NATIONAL BANKS
dc.subject	NET EXPORTS
dc.subject	NONPAYMENT
dc.subject	OIL
dc.subject	OPPORTUNITY COST
dc.subject	POLICY MAKERS
dc.subject	POLITICAL ECONOMY
dc.subject	PORTFOLIO
dc.subject	POVERTY LEVELS
dc.subject	PRICE INCREASES
dc.subject	PRIVATE CONSUMPTION
dc.subject	PRIVATE DEBT
dc.subject	PRIVATE INVESTORS
dc.subject	PRIVATE SECTOR DEBT
dc.subject	PRODUCTION PROCESSES
dc.subject	PROPERTY RIGHTS
dc.subject	PROPERTY VALUES
dc.subject	PUBLIC ASSETS
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC EXPENDITURES
dc.subject	PUBLIC EXTERNAL DEBT
dc.subject	PUBLIC GOODS
dc.subject	PUBLIC SPENDING
dc.subject	QUALITY STANDARDS
dc.subject	RAPID GROWTH
dc.subject	RATE OF GROWTH
dc.subject	RATES FOR EXPORTS
dc.subject	REAL APPRECIATION
dc.subject	REAL EFFECTIVE EXCHANGE RATE
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL GDP
dc.subject	RECESSION
dc.subject	REGIONAL MARKETS
dc.subject	REGIONAL TRADE ARRANGEMENTS
dc.subject	REGULATORY BARRIERS
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY REFORM
dc.subject	RELATIVE PRICES
dc.subject	RETURN
dc.subject	SAFETY NET
dc.subject	SCALE EFFECT
dc.subject	SECTOR REFORM
dc.subject	STABLE GROWTH
dc.subject	STRUCTURAL REFORMS
dc.subject	SUPPLY SIDE
dc.subject	SURPLUS
dc.subject	SUSTAINABLE GROWTH
dc.subject	TARIFF BARRIERS
dc.subject	TARIFF POLICY
dc.subject	TAX
dc.subject	TAX COLLECTION
dc.subject	TAX RATES
dc.subject	TELECOMMUNICATIONS
dc.subject	TOTAL EXPORTS
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TRADE AGREEMENT
dc.subject	TRADE BALANCE
dc.subject	TRADE BALANCES
dc.subject	TRADE BARRIERS
dc.subject	TRADE DEFICIT
dc.subject	TRADE FACILITATION
dc.subject	TRADE INTEGRATION
dc.subject	TRADE LIBERALIZATION
dc.subject	TRADE OPENNESS
dc.subject	TRADE PERFORMANCE
dc.subject	TRADE POLICY
dc.subject	TRADE REGIME
dc.subject	TRADE RELATIONS
dc.subject	TRADING
dc.subject	TRADING PARTNERS
dc.subject	TRANSITION COUNTRIES
dc.subject	TRANSITION ECONOMIES
dc.subject	TRANSPARENCY
dc.subject	TREATY
dc.subject	UNEMPLOYMENT
dc.subject	UNEMPLOYMENT RATE
dc.subject	VALUATION
dc.subject	VALUATION SYSTEM
dc.subject	VALUE ADDED
dc.subject	WORLD MARKET
dc.subject	WORLD MARKETS
dc.subject	WORLD TRADE
dc.subject	WTO
dc.title	Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 2. Main Report
dc.type	Economic & Sector Work :: Country Economic Memorandum
dc.coverage	Europe and Central Asia
dc.coverage	Europe
dc.coverage	Serbia