Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview

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...

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Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNTING ADMINISTRATIVE PROCEDURES ADULT EDUCATION AFTERMARKET AGGREGATE DEMAND AGRICULTURAL SUBSIDIES AGRICULTURE ARABLE LAND AUCTIONS AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTORS BARGAINING BILATERAL TRADE BINDING CONSTRAINT CADASTRE CAPACITY BUILDING CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS COMMON MARKET COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE ADVANTAGES COMPETITIVENESS COMPLEX TASK CONSUMER GOODS CONSUMERS CONTRACT ENFORCEMENT CURRENCY CURRENT ACCOUNT DEFICIT DEBT DEREGULATION DEVELOPING COUNTRIES DRIVERS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIES OF SCALE ELASTICITY ELECTRICITY DEMAND EMERGING MARKETS ENERGY CONSUMPTION ENERGY PRICES ENVIRONMENTAL EQUIPMENT EXPENDITURE EXPORT GROWTH EXPORT LED GROWTH EXPORT PERFORMANCE EXPORT SHARES EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT FARMS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DISCIPLINE FISCAL POLICY FIXED COSTS FOOD PRODUCTION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN LOANS FOREIGN MARKETS FREE TRADE FULL EMPLOYMENT FUTURES GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GOVERNMENT POLICIES GOVERNMENT POLICY GROWTH RATE HIGH UNEMPLOYMENT HOUSEHOLD INCOME HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE INEFFICIENCY INFLATION INNOVATION INTEREST PAYMENTS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATES JOB CREATION LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKET NEEDS LABOR MARKET POLICIES LABOR PRODUCTIVITY LACK OF COMPETITION LAND USE LIBERALIZATION OF TRADE LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARGINAL PRODUCTS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET FORCES MARKET INFORMATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PRICES MARKET STABILIZATION MARKET SURVEILLANCE MARKETING MERCHANDISE MERCHANDISE TRADE METALS MONETARY POLICY MULTILATERAL TRADE NATURAL DISASTER NATURAL DISASTERS OCCUPATIONS OPEN ECONOMY PAYMENT SYSTEM POLICY ENVIRONMENT POLICY MAKERS POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO PRICE VOLATILITY PRIVATE INVESTORS PRODUCERS PRODUCTION COSTS PRODUCTION PROCESSES PRODUCTIVE RESOURCES PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC SPENDING REAL GDP REGULATORY BARRIERS RESERVES RETAIL RETURN RETURNS TO SCALE RISK FACTORS RULE OF LAW SAFETY SALE SCALE EFFECT SKILLED LABOR SKILLED WORKERS STOCKS SUBSTITUTE SUBSTITUTES SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TARIFF BARRIERS TAX TAX RATES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TRANSITION ECONOMIES UNDERLYING PROBLEMS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED VOLATILITY WAGES WHOLESALE TRADE WORLD MARKET WORLD MARKETS WTO YOUNGER WORKERS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000020953_20120302092038 http://hdl.handle.net/10986/2829

id	okr-10986-2829
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ADMINISTRATIVE PROCEDURES ADULT EDUCATION AFTERMARKET AGGREGATE DEMAND AGRICULTURAL SUBSIDIES AGRICULTURE ARABLE LAND AUCTIONS AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTORS BARGAINING BILATERAL TRADE BINDING CONSTRAINT CADASTRE CAPACITY BUILDING CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS COMMON MARKET COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE ADVANTAGES COMPETITIVENESS COMPLEX TASK CONSUMER GOODS CONSUMERS CONTRACT ENFORCEMENT CURRENCY CURRENT ACCOUNT DEFICIT DEBT DEREGULATION DEVELOPING COUNTRIES DRIVERS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIES OF SCALE ELASTICITY ELECTRICITY DEMAND EMERGING MARKETS ENERGY CONSUMPTION ENERGY PRICES ENVIRONMENTAL EQUIPMENT EXPENDITURE EXPORT GROWTH EXPORT LED GROWTH EXPORT PERFORMANCE EXPORT SHARES EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT FARMS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DISCIPLINE FISCAL POLICY FIXED COSTS FOOD PRODUCTION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN LOANS FOREIGN MARKETS FREE TRADE FULL EMPLOYMENT FUTURES GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GOVERNMENT POLICIES GOVERNMENT POLICY GROWTH RATE HIGH UNEMPLOYMENT HOUSEHOLD INCOME HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE INEFFICIENCY INFLATION INNOVATION INTEREST PAYMENTS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATES JOB CREATION LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKET NEEDS LABOR MARKET POLICIES LABOR PRODUCTIVITY LACK OF COMPETITION LAND USE LIBERALIZATION OF TRADE LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARGINAL PRODUCTS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET FORCES MARKET INFORMATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PRICES MARKET STABILIZATION MARKET SURVEILLANCE MARKETING MERCHANDISE MERCHANDISE TRADE METALS MONETARY POLICY MULTILATERAL TRADE NATURAL DISASTER NATURAL DISASTERS OCCUPATIONS OPEN ECONOMY PAYMENT SYSTEM POLICY ENVIRONMENT POLICY MAKERS POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO PRICE VOLATILITY PRIVATE INVESTORS PRODUCERS PRODUCTION COSTS PRODUCTION PROCESSES PRODUCTIVE RESOURCES PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC SPENDING REAL GDP REGULATORY BARRIERS RESERVES RETAIL RETURN RETURNS TO SCALE RISK FACTORS RULE OF LAW SAFETY SALE SCALE EFFECT SKILLED LABOR SKILLED WORKERS STOCKS SUBSTITUTE SUBSTITUTES SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TARIFF BARRIERS TAX TAX RATES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TRANSITION ECONOMIES UNDERLYING PROBLEMS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED VOLATILITY WAGES WHOLESALE TRADE WORLD MARKET WORLD MARKETS WTO YOUNGER WORKERS
spellingShingle	ACCOUNTING ADMINISTRATIVE PROCEDURES ADULT EDUCATION AFTERMARKET AGGREGATE DEMAND AGRICULTURAL SUBSIDIES AGRICULTURE ARABLE LAND AUCTIONS AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTORS BARGAINING BILATERAL TRADE BINDING CONSTRAINT CADASTRE CAPACITY BUILDING CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS COMMON MARKET COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE ADVANTAGES COMPETITIVENESS COMPLEX TASK CONSUMER GOODS CONSUMERS CONTRACT ENFORCEMENT CURRENCY CURRENT ACCOUNT DEFICIT DEBT DEREGULATION DEVELOPING COUNTRIES DRIVERS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIES OF SCALE ELASTICITY ELECTRICITY DEMAND EMERGING MARKETS ENERGY CONSUMPTION ENERGY PRICES ENVIRONMENTAL EQUIPMENT EXPENDITURE EXPORT GROWTH EXPORT LED GROWTH EXPORT PERFORMANCE EXPORT SHARES EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT FARMS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DISCIPLINE FISCAL POLICY FIXED COSTS FOOD PRODUCTION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN LOANS FOREIGN MARKETS FREE TRADE FULL EMPLOYMENT FUTURES GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GOVERNMENT POLICIES GOVERNMENT POLICY GROWTH RATE HIGH UNEMPLOYMENT HOUSEHOLD INCOME HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE INEFFICIENCY INFLATION INNOVATION INTEREST PAYMENTS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATES JOB CREATION LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKET NEEDS LABOR MARKET POLICIES LABOR PRODUCTIVITY LACK OF COMPETITION LAND USE LIBERALIZATION OF TRADE LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARGINAL PRODUCTS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET FORCES MARKET INFORMATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PRICES MARKET STABILIZATION MARKET SURVEILLANCE MARKETING MERCHANDISE MERCHANDISE TRADE METALS MONETARY POLICY MULTILATERAL TRADE NATURAL DISASTER NATURAL DISASTERS OCCUPATIONS OPEN ECONOMY PAYMENT SYSTEM POLICY ENVIRONMENT POLICY MAKERS POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO PRICE VOLATILITY PRIVATE INVESTORS PRODUCERS PRODUCTION COSTS PRODUCTION PROCESSES PRODUCTIVE RESOURCES PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC SPENDING REAL GDP REGULATORY BARRIERS RESERVES RETAIL RETURN RETURNS TO SCALE RISK FACTORS RULE OF LAW SAFETY SALE SCALE EFFECT SKILLED LABOR SKILLED WORKERS STOCKS SUBSTITUTE SUBSTITUTES SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TARIFF BARRIERS TAX TAX RATES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TRANSITION ECONOMIES UNDERLYING PROBLEMS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED VOLATILITY WAGES WHOLESALE TRADE WORLD MARKET WORLD MARKETS WTO YOUNGER WORKERS World Bank Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
geographic_facet	Europe and Central Asia Europe Serbia
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.
format	Economic & Sector Work :: Country Economic Memorandum
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
title_short	Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
title_full	Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
title_fullStr	Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
title_full_unstemmed	Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview
title_sort	serbia - country economic memorandum : the road to prosperity - productivity and exports, volume 1. overview
publisher	World Bank
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000020953_20120302092038 http://hdl.handle.net/10986/2829
_version_	1764386017883717632
spelling	okr-10986-28292021-04-23T14:02:04Z Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview World Bank ACCOUNTING ADMINISTRATIVE PROCEDURES ADULT EDUCATION AFTERMARKET AGGREGATE DEMAND AGRICULTURAL SUBSIDIES AGRICULTURE ARABLE LAND AUCTIONS AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTORS BARGAINING BILATERAL TRADE BINDING CONSTRAINT CADASTRE CAPACITY BUILDING CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS COMMON MARKET COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE ADVANTAGES COMPETITIVENESS COMPLEX TASK CONSUMER GOODS CONSUMERS CONTRACT ENFORCEMENT CURRENCY CURRENT ACCOUNT DEFICIT DEBT DEREGULATION DEVELOPING COUNTRIES DRIVERS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIES OF SCALE ELASTICITY ELECTRICITY DEMAND EMERGING MARKETS ENERGY CONSUMPTION ENERGY PRICES ENVIRONMENTAL EQUIPMENT EXPENDITURE EXPORT GROWTH EXPORT LED GROWTH EXPORT PERFORMANCE EXPORT SHARES EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT FARMS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DISCIPLINE FISCAL POLICY FIXED COSTS FOOD PRODUCTION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN LOANS FOREIGN MARKETS FREE TRADE FULL EMPLOYMENT FUTURES GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GOVERNMENT POLICIES GOVERNMENT POLICY GROWTH RATE HIGH UNEMPLOYMENT HOUSEHOLD INCOME HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE INEFFICIENCY INFLATION INNOVATION INTEREST PAYMENTS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATES JOB CREATION LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKET NEEDS LABOR MARKET POLICIES LABOR PRODUCTIVITY LACK OF COMPETITION LAND USE LIBERALIZATION OF TRADE LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARGINAL PRODUCTS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET FORCES MARKET INFORMATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PRICES MARKET STABILIZATION MARKET SURVEILLANCE MARKETING MERCHANDISE MERCHANDISE TRADE METALS MONETARY POLICY MULTILATERAL TRADE NATURAL DISASTER NATURAL DISASTERS OCCUPATIONS OPEN ECONOMY PAYMENT SYSTEM POLICY ENVIRONMENT POLICY MAKERS POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO PRICE VOLATILITY PRIVATE INVESTORS PRODUCERS PRODUCTION COSTS PRODUCTION PROCESSES PRODUCTIVE RESOURCES PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC SPENDING REAL GDP REGULATORY BARRIERS RESERVES RETAIL RETURN RETURNS TO SCALE RISK FACTORS RULE OF LAW SAFETY SALE SCALE EFFECT SKILLED LABOR SKILLED WORKERS STOCKS SUBSTITUTE SUBSTITUTES SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS SURPLUS SURPLUSES SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TARIFF BARRIERS TAX TAX RATES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TRANSITION ECONOMIES UNDERLYING PROBLEMS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED VOLATILITY WAGES WHOLESALE TRADE WORLD MARKET WORLD MARKETS WTO YOUNGER WORKERS 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. 2012-03-19T10:14:36Z 2012-03-19T10:14:36Z 2011-12-12 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000020953_20120302092038 http://hdl.handle.net/10986/2829 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Country Economic Memorandum Europe and Central Asia Europe Serbia

Serbia - Country Economic Memorandum : The Road to Prosperity - Productivity and Exports, Volume 1. Overview

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