Western Balkan Integration and the EU : An Agenda for Trade and Growth

The report suggests that improving and sustaining export performance and thereby gross domestic product (GDP) growth will require sustained improvement in foreign direct investment (FDI) inflows, pointing again to the need for significant structura...

Full description

Bibliographic Details
Main Author:	Kathuria, Sanjay
Format:	Publication
Language:	English en_US
Published:	Washington, DC : World Bank 2012
Subjects:	ACCOUNTING ADJUSTMENT MECHANISM ANTI-COMPETITIVE PRACTICES ATM BALANCE OF PAYMENTS BANK DEPOSITS BANK LENDING BANKING SUPERVISION BENCHMARKING BENCHMARKS BINDING CONSTRAINTS BONDS BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCOUNT CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL INVESTMENT COMMODITIES COMPETITIVE MARKET COMPETITIVENESS CONSUMER CREDITS CONTRIBUTION COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE SAVINGS COST OF LABOR COUNTRY MARKETS CURRENCY CURRENCY BOARD CURRENCY BOARD ARRANGEMENT CURRENCY BOARDS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT BALANCES CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT TRANSACTIONS CUSTOMS UNION DEBT DEBT REDUCTION DISECONOMIES OF SCALE DOMESTIC CURRENCY DOMESTIC MARKETS ECONOMIC COOPERATION ECONOMIC INTEGRATION EMERGING-MARKET ENTERPRISE PERFORMANCE EQUILIBRIUM EQUITY INVESTMENT EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXPENDITURE EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL DEFICITS EXTERNAL FINANCES EXTERNAL INDEBTEDNESS FINANCIAL INTEGRATION FINANCIAL RESOURCES FINANCIAL SECTOR FIRM GROWTH FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED COSTS FORECASTS FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN DIRECT INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FUTURE GROWTH GDP GDP PER CAPITA GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT INTERVENTION GOVERNMENT SAVINGS GROSS DOMESTIC PRODUCT GROSS NATIONAL SAVINGS GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARMONIZATION HOUSEHOLD INCOMES HOUSEHOLD SAVINGS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT INCOME INCOME LEVEL INCOME LEVELS INCOME TAXES INCOMES INDIVIDUAL MARKETS INITIAL PUBLIC OFFERING INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT RATE INVESTMENT RATES INVESTOR CONFIDENCE IPO JOB CREATION JUDICIAL SYSTEM LABOR FORCE LARGE BUSINESS LIQUIDITY LITERACY LOAN MACROECONOMIC CONTEXT MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MACROECONOMIC VULNERABILITIES MARKET CONDITIONS MARKET COUNTRIES MARKET SHARES MARKET SIZE MATHEMATICS MONETARY FUND MONETARY POLICY MULTILATERAL TRADE NATURAL RESOURCE NET EXPORTS OPEN ECONOMY OUTPUT OUTREACH PROGRAM OVERVALUATION OWNERSHIP STRUCTURES PENETRATION RATES PER CAPITA INCOME PERFORMANCE DATA PERSONAL INCOME POLICY RESPONSE POLITICAL STABILITY PORTFOLIOS POVERTY ALLEVIATION POVERTY LEVELS POVERTY RATES PRIVATE INVESTMENT PRIVATE SAVINGS PRIVATE SECTOR INVESTMENT PRIVATIZATION PRIVATIZATIONS PRODUCTION COSTS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROTECTIONISM PUBLIC SAVINGS PUBLIC-PRIVATE PARTNERSHIP RATE OF GROWTH REAL GDP REAL INTEREST REAL INTEREST RATE REGIONAL INTEGRATION REGIONAL TRADE REGULATORS REGULATORY FRAMEWORK REGULATORY PRACTICES REMITTANCES RETURN RETURNS RISK PREMIUM SAVINGS RATES SINGLE MARKET SKILL DEVELOPMENT SKILLED WORKERS SMALL COUNTRIES SMALL COUNTRY SOVEREIGN RATING STOCKS SUSTAINABLE GROWTH TAX TAX RATES TAXATION TECHNICAL EDUCATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE BALANCE TRADE DEFICITS TRADE DIVERSION TRADE LIBERALIZATION TRADE POLICY TRADING TRANSITION COUNTRIES TRANSPARENCY TREATY UNDERVALUATION UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VOLUNTARY UNEMPLOYMENT WAGE WAGE DIFFERENTIALS WAGE GAP WAGES WORK FORCE WORLD DEVELOPMENT INDICATORS WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2008/01/9629351/western-balkan-integration-eu-agenda-trade-growth http://hdl.handle.net/10986/6446

Description
Summary:	The report suggests that improving and sustaining export performance and thereby gross domestic product (GDP) growth will require sustained improvement in foreign direct investment (FDI) inflows, pointing again to the need for significant structural reform. Despite recent increases, FDI inflows in South East Europe 5 (SEE5) remain low and below potential. The onus for encouraging FDI falls on structural reforms, given the above limits on both fiscal and monetary policy. Deeper integration within Central European free trade area (CEFTA) countries will increase market size, improve service quality, and help attract FDI. Deeper integration among SEE countries such as through the completion of the implementation of CEFTA 2006, the reduction of border frictions through the establishment of a single management of Border crossing points, the regionalization of the rules of origin among CEFTA 2006 countries, and the expansion of SEE participation in pan European/Mediterranean cumulating of origin arrangements (an ongoing process) will contribute to market contestability and the development of a larger market, thereby helping to attract FDI. Deeper integration among CEFTA countries in services could also contribute to improving service quality significantly, thereby enhancing the overall productivity of the economies. This report mentions several areas, in different sectors, where there can be opportunities for regional harmonization and cooperation, including those areas where the agenda is defined by commitments to the acquis.

Western Balkan Integration and the EU : An Agenda for Trade and Growth

Similar Items