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World Economic Forum Competitiveness Indicators and Policy Actions

World Economic Forum Competitiveness Indicators and Policy Actions. Aleksandra Zoric Krzic USAID Serbia. Analyzing Serbia:. WB Doing Business Report: rank 94 among 181 countries major weaknesses: Dealing with Construction Permits (171)

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World Economic Forum Competitiveness Indicators and Policy Actions

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  1. World Economic Forum Competitiveness Indicators and Policy Actions Aleksandra Zoric Krzic USAID Serbia

  2. Analyzing Serbia: • WB Doing Business Report: • rank 94 among 181 countries • major weaknesses: • Dealing with Construction Permits (171) • Starting / closing a business • Paying taxes • Registering property • Enforcing contracts • Employing workers WEF Glob. Comp. Report: rank 85 among 132 countries ….will be discussed further

  3. The most problematic factors for doing business WEF GCR 2008-2009 2007-2008

  4. Serbia comparing to average of countries at the second stage of development Innovation & Sophistication Basic Requirements Efficiency Enhancers

  5. In numbers…. Progress against last year (6 positions up) 45 positions up

  6. - Financed WEF and WB Indicator Analysis by a local Think Tank“International Competitiveness and Economic Growth of Serbia” by CEVES- Advised on the new Structure of the NCC- Policy assistance / Drafted Action Plan 2009------------------------------------------------------------------------------------------------------------ Request for STTA to assist with implementation The USAID Competitiveness Project support

  7. Serbia NCC: • Reestablished late 2007 (in 2002 failed) • Currently 32 members (Government members mostly) • 5 Working Groups(inefficient) • No clear agenda • General recommendations: • 1. Reduce the size of the NCC -max 20-22 members, less Gov. members - invite top leaders and decision makers • 2. Formalize a NCC Secretariat • 3. Redesign the Working Groups (to respond to policy priorities) • 4. Set clear goals • 5. Monitor performance (based on WEF and WB indicators) Policy Priority Areas: 1. Public Administration 2. Micro-Econ. Environment3. Educational Reform4. Energy Efficiency5. Infrastructure Development

  8. Recommendations for Policy Priorities by Working Groups: • Public Administration • Burden of Gov. Regulations • Extent of staff training* • Effectiveness of Antimonopoly Policy** • Regulation on Securities and Exchange • Soundness of Banks • 2. Market Efficiency • Extent of Market Dominance • Intensity of Local Competition** • Financial Market Sophistication • Restriction of Capital Flows • 3. Human Capital • Extent of Staff training* • Reliance on Professional Management • Quality of Management Schools 4. Energy Quality of Overall Infrastructure Quality of Electrical Supply Energy Security Prospects for Renewable Energy 5. Infrastructure Quality of Roads Prospects of integration in Pan-European Logistic Network

  9. A strong political leadership, with a clear vision and commitment to economic growth as a priority. Thank you!

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