Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force
This background note is one of several analytical contributions to the 2021 Albania country economic memorandum (CEM). The CEM is a World Bank flagship report that aims to help Albania identify next steps in its structural reform agenda. As set out...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099845001312217227/P1752090acdb7604a0918d0aa310774d0ea http://hdl.handle.net/10986/36926 |
| id |
okr-10986-36926 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-369262022-02-08T05:10:38Z Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force World Bank LABOR MARKET EMPLOYMENT UNEMPLOYMENT BENEFITS SOCIAL ASSISTANCE LABOR FORCE PARTICIPATION WORKER RETRAINING SEASONAL WORK PROGRAM LABOR MARKET PROGRAM This background note is one of several analytical contributions to the 2021 Albania country economic memorandum (CEM). The CEM is a World Bank flagship report that aims to help Albania identify next steps in its structural reform agenda. As set out in the CEM, Albania needs to refocus attention on the pre-crisis reform agenda and accelerate its long-term economic growth rate, including by spurring productivity growth, building human capital, and supporting investment. On the labor supply side, this means investing in people and supporting workers in their transitions towards better employment. On the labor demand side, this means supporting firm productivity growth and the creation of better job opportunities. Beyond higher economic growth rates per se, however, the quality of the development model needs to strengthen. Through more green, resilient and inclusive development (GRID), Albania can ensure that growth gains will be more sustainable. Finally, the CEM highlights the need for Albania to rebuild its public finances. The Coronavirus disease 2019 (COVID-19) crisis has driven public debt to new heights. Upgrading Albania’s growth model - including implementing many of the reforms presented in the CEM - will require further spending. In this context, increasing the fiscal space available to Albania needs to be a priority. 2022-02-07T16:10:43Z 2022-02-07T16:10:43Z 2021-09 Report http://documents.worldbank.org/curated/en/099845001312217227/P1752090acdb7604a0918d0aa310774d0ea http://hdl.handle.net/10986/36926 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum Europe and Central Asia Albania |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
LABOR MARKET EMPLOYMENT UNEMPLOYMENT BENEFITS SOCIAL ASSISTANCE LABOR FORCE PARTICIPATION WORKER RETRAINING SEASONAL WORK PROGRAM LABOR MARKET PROGRAM |
| spellingShingle |
LABOR MARKET EMPLOYMENT UNEMPLOYMENT BENEFITS SOCIAL ASSISTANCE LABOR FORCE PARTICIPATION WORKER RETRAINING SEASONAL WORK PROGRAM LABOR MARKET PROGRAM World Bank Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force |
| geographic_facet |
Europe and Central Asia Albania |
| description |
This background note is one of
several analytical contributions to the 2021 Albania country
economic memorandum (CEM). The CEM is a World Bank flagship
report that aims to help Albania identify next steps in its
structural reform agenda. As set out in the CEM, Albania
needs to refocus attention on the pre-crisis reform agenda
and accelerate its long-term economic growth rate, including
by spurring productivity growth, building human capital, and
supporting investment. On the labor supply side, this means
investing in people and supporting workers in their
transitions towards better employment. On the labor demand
side, this means supporting firm productivity growth and the
creation of better job opportunities. Beyond higher economic
growth rates per se, however, the quality of the development
model needs to strengthen. Through more green, resilient and
inclusive development (GRID), Albania can ensure that growth
gains will be more sustainable. Finally, the CEM highlights
the need for Albania to rebuild its public finances. The
Coronavirus disease 2019 (COVID-19) crisis has driven public
debt to new heights. Upgrading Albania’s growth model -
including implementing many of the reforms presented in the
CEM - will require further spending. In this context,
increasing the fiscal space available to Albania needs to be
a priority. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force |
| title_short |
Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force |
| title_full |
Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force |
| title_fullStr |
Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force |
| title_full_unstemmed |
Albania Country Economic Memorandum : Background Note on Supporting an Adaptive and Resilient Labor Force |
| title_sort |
albania country economic memorandum : background note on supporting an adaptive and resilient labor force |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099845001312217227/P1752090acdb7604a0918d0aa310774d0ea http://hdl.handle.net/10986/36926 |
| _version_ |
1764486259012534272 |