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Barriers to healthy business environment in Macedonia

Barriers to healthy business environment in Macedonia. Peter Goliaš Business Alliance of Slovakia December 7, 2012 Skopje, Macedonia. Key measures. Overall ranking. Economic Freedom Index, 2012. Source : Heritage Foundation. Economic Freedom Report, 2012. Pluses :

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Barriers to healthy business environment in Macedonia

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  1. Barriers to healthybusinessenvironment in Macedonia Peter Goliaš BusinessAllianceof Slovakia December 7, 2012 Skopje, Macedonia

  2. Keymeasures Overallranking

  3. EconomicFreedom Index, 2012 Source: HeritageFoundation

  4. EconomicFreedom Report, 2012 • Pluses: • Macedoniawasamong TOP 5 reformers in 2012 ranking • Improvement in businessfreedom • Competitive flat tax rates (10%),growing financial sector • Lowpublicdebt (below 30% of GDP) and deficit • Labormarket: Fixed-termcontracts, flexibleworkinghours • Minuses: • Corruption • Weakrespectfor rule oflaw • Ineffectiveprotectionofpropertyrights • Largeinformaleconomy • Slowjudicialprocedures

  5. WorldEconomicForum WorldCompetitiveness Report 2012-13, resultsforMacedonia:

  6. What istheevidence? Corruptionunderminescompetitiveness: Source: GCR, 2008-2011 On the corruption scale 10 stands for highest transparency

  7. WorldEconomicForum WorldCompetitivenessReport, Overallranking

  8. WorldEconomicForum WorldCompetitiveness Report 2012-13, resultsforMacedonia, the most competitiveindicators (selected by author):

  9. WorldEconomicForum WorldCompetitiveness Report 2012-13, resultsforMacedonia, theleastcompetitiveindicators (selected by author):

  10. WB DoingBusiness Overallranking

  11. WB DoingBusiness 2013 Dealingwithconstructionpermits

  12. WB DoingBusiness 2013 Gettingelectricity

  13. WB DoingBusiness 2013 Tradingacrossborders

  14. WB DoingBusiness 2013 Resolvinginsolvency

  15. Shadow economy in Macedonia • 37.6% of GDP in 2000-07 (34.9% in 2007) • 102nd positionfromamong 162 countries • Greece (27.5%), Albania (34.3%), B&H (33.6%), Serbia (37.3%) • Source: Schneider, F., A. Buehn, and C. Montenegro. 2010. “Shadow Economies All overthe World: New Estimates for 162 Countries from 1999 to 2007.”

  16. Correlationwithgoodgovernment Source: In From the Shadow: Integrating Europe’s Informal Labor, TheWorld Bank report on shadoweconomy in theCentral and EasternEurope, September 2012

  17. Trust to government Source: GallupWorldView

  18. Thankyouforattention.

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