Investment in the Western Balkans (Record no. 8610)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 04598nam a22004097u 4500 |
| 001 - CONTROL NUMBER | |
| control field | pwiiw4705 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260516120039.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 181128t2018 au ||||| |||| 00| ||eng d |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OSt |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 084 ## - OTHER CLASSIFICATION NUMBER | |
| Classification number | O18 |
| -- | H54 |
| -- | P33 |
| -- | F34 |
| -- | H63 |
| Number source | jelc |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Grieveson, Richard |
| 245 10 - TITLE STATEMENT | |
| Title | Investment in the Western Balkans |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Wien : |
| Name of publisher, distributor, etc. | Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), |
| Date of publication, distribution, etc. | 2018. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 41 S., |
| Other physical details | 3 Tables and 37 Figures, |
| Dimensions | 30cm. |
| 490 1# - SERIES STATEMENT | |
| Series statement | wiiw Policy Notes and Reports |
| Volume/sequential designation | 27 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | New Directions and Financial Constraints in Infrastructure Investment<br/><br/>Investment in infrastructure is important to generating long-term productivity gains. The Western Balkans lack infrastructure capacity and investment – particularly in non-traditional sectors such as water, sewerage, waste, health, social affairs and education. Two important regional infrastructure investment initiatives are active in the Western Balkans: the European Western Balkans Investment Framework WBIF and the Chinese Belt and Road Initiative BRI. Both are focusing on traditional infrastructure such as energy and transport and both come with a volume of about EUR 8 billion in loans. The European initiative has in addition provided for some EUR 800 million in grants and has an emphasis on Green Economy projects. Overall infrastructure investment needs in the region are huge. Lower bound estimates of additional investment needs only in alternative infrastructure investment for the next five years are at around EUR 800 million. The financial conditions in the region are underdeveloped but improving. Nevertheless, external debt levels have increased substantially since the outbreak of the global financial crisis and thus pose a serious threat to economic stability in a situation when the global interest rates are again on the rise. Thus, substantially hiking up investment in traditional as well as non-traditional infrastructure in the Western Balkans without dramatically increasing the countries’ indebtedness is the primary duty in order to achieve higher long-run productivity growth and provide the population a perspective for a better future without a need to migrate. Short-run pragmatic policy recommendations include: Western Balkan governments should rebalance their infrastructure investment mix to support the Green Economy; the new EU IPA III funds should be rearranged to focus more on Western Balkan alternative infrastructure sectors; in order to create the necessary financial leeway for more public investment in non-traditional infrastructure, national governments in the Western Balkans could adopt the Austrian ASFINAG model; similarly, PPP projects might be considered but these need particularly good management; the IFIs should issue GDP-linked loans for crucial investment in the region in order to avoid macro-financial crises in the future. Long-run forward-thinking policy recommendations include: a Joint Project Pipeline of a Common Western Balkans Investment Committee with supranational overruling powers representing the infrastructure interests of the whole region; the creation of a Western Balkans Regional Infrastructure Fund with a much bigger volume and much stronger grant component than the current Western Balkans Investment Framework in order to curb the influence of external players in the region and reduce indebtedness; joining the euro area – even if only with limited rights, e.g. without voting rights – before EU accession would be a powerful tool to bring down interest rates and improve the financial conditions for both the private as well as the public sector’s investment. Acknowledging that often political tensions are a barrier to greater connectivity and trade between countries, support for infrastructure investment could be used as a bargaining chip in EU-brokered negotiations to solve long-standing political stalemates in the Western Balkans.<br/> |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | economic development |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | infrastructure |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | investment |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | indebtedness |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | finance |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Western Balkans |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Albania |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Bosnia and Herzegovina |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Kosovo |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | North Macedonia |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Montenegro |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Serbia |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Macroeconomic Analysis and Policy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | International Trade, Competitiveness and FDI |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Holzner, Mario |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Volume/sequential designation | 27 |
| Bibliographic record control number | WIIW0000092 |
| Title of a work | wiiw Policy Notes and Reports |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://wiiw.ac.at/p-4705.html">https://wiiw.ac.at/p-4705.html</a> |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Paper |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Inventory number | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WIIW | WIIW | Library | 11/28/2018 | pwiiw4705 | /27 | 1000010004705 | 11/28/2018 | 11/28/2018 | Paper |