FYR Macedonia : Country Economic Memorandum Tackling Unemployment
Reducing the high rates of unemployment from which the Macedonian economy suffers is a leading priority of the Government. The large share of working age population who are inactive or occupying themselves with low productivity, occasional work rep...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/09/2518607/macedonia-country-economic-memorandum-tackling-unemployment http://hdl.handle.net/10986/14636 |
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okr-10986-146362021-04-23T14:03:17Z FYR Macedonia : Country Economic Memorandum Tackling Unemployment World Bank ACCOUNTING FRAMEWORK AGRICULTURE CAPITAL STOCK CASUAL EMPLOYMENT CIVIL SERVICE CLIMATE DEBT DEMOGRAPHICS DOMESTIC SAVINGS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXCHANGE RATE EXERCISES EXPORT GROWTH EXPORTS FACTOR ACCUMULATION FACTOR RETURNS FARMS FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FREE TRADE GDP GROWTH ACCOUNTING GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HIGH UNEMPLOYMENT HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION INCOME LEVELS INFLATION INHERITANCE INNOVATION LABOR FORCE LABOR INPUTS LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LEGISLATION MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MANAGERS MARKET DISCIPLINE MARKET OUTCOMES MONETARY POLICY OWNERSHIP STRUCTURE PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICES REAL GDP REAL GROSS DOMESTIC PRODUCT RELATIVE PRICES SAVINGS STATE ENTERPRISES TFP TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE LIBERALIZATION TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES WAGES WORKERS WORLD TRADE ORGANIZATION WTO UNEMPLOYMENT GROWTH JOB CREATION PRIVATIZATION PRIVATE SECTOR EXPORT GROWTH INVESTMENT PRODUCTIVITY INVESTMENT ANALYSIS LABOR DEMAND MACROECONOMIC ACTIVITY FISCAL REFORM TRADE LIBERALIZATION REGIONAL INTEGRATION EXTERNAL DEBT FISCAL SUSTAINABILITY LABOR MARKET WAGES AGRICULTURE Reducing the high rates of unemployment from which the Macedonian economy suffers is a leading priority of the Government. The large share of working age population who are inactive or occupying themselves with low productivity, occasional work represents output foregone and income lost. Moreover, the important goal of sharing the benefits of growth more equitably between groups and regions proves increasingly elusive when many citizens are trapped in long-term unemployment, a state closely linked to household poverty. It seems that the formal job market in the former Yugoslav Republic of Macedonia (FYR Macedonia) has failed. What actions can and should the Government take t o get more people into work? As the authorities strive to solidify peace and stability, accelerate remaining structural reforms, and move policies and institutions towards European norms, the problem of high unemployment cannot be ignored. Very high levels of unemployment discourage the authorities from imposing further s hocks on the economy and may add to the delay of needed structural reforms. But reform of labor market institutions and policies is only one part of the solution, and not the most important. The Government has limited ability to raise labor demand directly. Overall growth and job creation by the private sector will be the only long-term solution. The first chapter of this report sets out a preliminary strategy for long-term growth. It argues that high unemployment is primarily an inheritance from the pre-transition era. Growth has been limited since independence by low investment levels, and to remove this constraint, the Government should be focused on ways t o improve education, create a supportive investment climate (especially for foreign investment and small and medium enterprises), and accelerate free trade as part o f integration into European markets. 2013-07-29T19:27:50Z 2013-07-29T19:27:50Z 2003-09 http://documents.worldbank.org/curated/en/2003/09/2518607/macedonia-country-economic-memorandum-tackling-unemployment http://hdl.handle.net/10986/14636 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Europe and Central Asia Macedonia, former Yugoslav Republic of North Macedonia (Formerly the Former Yugoslav Republic of Macedonia) |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING FRAMEWORK AGRICULTURE CAPITAL STOCK CASUAL EMPLOYMENT CIVIL SERVICE CLIMATE DEBT DEMOGRAPHICS DOMESTIC SAVINGS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXCHANGE RATE EXERCISES EXPORT GROWTH EXPORTS FACTOR ACCUMULATION FACTOR RETURNS FARMS FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FREE TRADE GDP GROWTH ACCOUNTING GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HIGH UNEMPLOYMENT HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION INCOME LEVELS INFLATION INHERITANCE INNOVATION LABOR FORCE LABOR INPUTS LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LEGISLATION MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MANAGERS MARKET DISCIPLINE MARKET OUTCOMES MONETARY POLICY OWNERSHIP STRUCTURE PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICES REAL GDP REAL GROSS DOMESTIC PRODUCT RELATIVE PRICES SAVINGS STATE ENTERPRISES TFP TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE LIBERALIZATION TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES WAGES WORKERS WORLD TRADE ORGANIZATION WTO UNEMPLOYMENT GROWTH JOB CREATION PRIVATIZATION PRIVATE SECTOR EXPORT GROWTH INVESTMENT PRODUCTIVITY INVESTMENT ANALYSIS LABOR DEMAND MACROECONOMIC ACTIVITY FISCAL REFORM TRADE LIBERALIZATION REGIONAL INTEGRATION EXTERNAL DEBT FISCAL SUSTAINABILITY LABOR MARKET WAGES AGRICULTURE |
| spellingShingle |
ACCOUNTING FRAMEWORK AGRICULTURE CAPITAL STOCK CASUAL EMPLOYMENT CIVIL SERVICE CLIMATE DEBT DEMOGRAPHICS DOMESTIC SAVINGS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXCHANGE RATE EXERCISES EXPORT GROWTH EXPORTS FACTOR ACCUMULATION FACTOR RETURNS FARMS FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FREE TRADE GDP GROWTH ACCOUNTING GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HIGH UNEMPLOYMENT HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION INCOME LEVELS INFLATION INHERITANCE INNOVATION LABOR FORCE LABOR INPUTS LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LEGISLATION MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MANAGERS MARKET DISCIPLINE MARKET OUTCOMES MONETARY POLICY OWNERSHIP STRUCTURE PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICES REAL GDP REAL GROSS DOMESTIC PRODUCT RELATIVE PRICES SAVINGS STATE ENTERPRISES TFP TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE LIBERALIZATION TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES WAGES WORKERS WORLD TRADE ORGANIZATION WTO UNEMPLOYMENT GROWTH JOB CREATION PRIVATIZATION PRIVATE SECTOR EXPORT GROWTH INVESTMENT PRODUCTIVITY INVESTMENT ANALYSIS LABOR DEMAND MACROECONOMIC ACTIVITY FISCAL REFORM TRADE LIBERALIZATION REGIONAL INTEGRATION EXTERNAL DEBT FISCAL SUSTAINABILITY LABOR MARKET WAGES AGRICULTURE World Bank FYR Macedonia : Country Economic Memorandum Tackling Unemployment |
| geographic_facet |
Europe and Central Asia Macedonia, former Yugoslav Republic of North Macedonia (Formerly the Former Yugoslav Republic of Macedonia) |
| description |
Reducing the high rates of unemployment
from which the Macedonian economy suffers is a leading
priority of the Government. The large share of working age
population who are inactive or occupying themselves with low
productivity, occasional work represents output foregone and
income lost. Moreover, the important goal of sharing the
benefits of growth more equitably between groups and regions
proves increasingly elusive when many citizens are trapped
in long-term unemployment, a state closely linked to
household poverty. It seems that the formal job market in
the former Yugoslav Republic of Macedonia (FYR Macedonia)
has failed. What actions can and should the Government take
t o get more people into work? As the authorities strive to
solidify peace and stability, accelerate remaining
structural reforms, and move policies and institutions
towards European norms, the problem of high unemployment
cannot be ignored. Very high levels of unemployment
discourage the authorities from imposing further s hocks on
the economy and may add to the delay of needed structural
reforms. But reform of labor market institutions and
policies is only one part of the solution, and not the most
important. The Government has limited ability to raise labor
demand directly. Overall growth and job creation by the
private sector will be the only long-term solution. The
first chapter of this report sets out a preliminary strategy
for long-term growth. It argues that high unemployment is
primarily an inheritance from the pre-transition era. Growth
has been limited since independence by low investment
levels, and to remove this constraint, the Government should
be focused on ways t o improve education, create a
supportive investment climate (especially for foreign
investment and small and medium enterprises), and accelerate
free trade as part o f integration into European markets. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
FYR Macedonia : Country Economic Memorandum Tackling Unemployment |
| title_short |
FYR Macedonia : Country Economic Memorandum Tackling Unemployment |
| title_full |
FYR Macedonia : Country Economic Memorandum Tackling Unemployment |
| title_fullStr |
FYR Macedonia : Country Economic Memorandum Tackling Unemployment |
| title_full_unstemmed |
FYR Macedonia : Country Economic Memorandum Tackling Unemployment |
| title_sort |
fyr macedonia : country economic memorandum tackling unemployment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/09/2518607/macedonia-country-economic-memorandum-tackling-unemployment http://hdl.handle.net/10986/14636 |
| _version_ |
1764428124616916992 |