02098nam a22004217u 4500 pwiiw3916 OSt 20260518120039.0 160621t2016 au ||||| |||| 00| ||eng d OSt eng E27 E60 F21 H54 O24 jelc Holzner, Mario Policy Options for Competitiveness and Economic Development in the Western Balkans: the Case for Infrastructure Investment Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2016. 14 S., 9 Figures, 30cm. wiiw Policy Notes and Reports 16 Summary The Western Balkans are a region with a substantial economic catch-up potential. Compared to other European economies these countries are either poor or very poor. Structural underdevelopment and low competitiveness impede the catch-up process. Mass unemployment and a huge trade deficit indicate heavy internal and external imbalances. Short-run policy measures should focus on fiscal devaluation and NPL resolution to foster cost competitiveness and private investment. A ‘Big Push’ in infrastructure investment is imperative for long-term prosperity. An investment volume of EUR 7.7 billion as envisaged in the ‘Berlin Process’ has the potential for an additional GNP growth impulse of about 1% p.a. and a positive employment effect of up to 200,000 people in the region. macroeconomic policy investment infrastructure fiscal devaluation competitiveness Western Balkans Berlin Process Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia Western Balkans Macroeconomic Analysis and Policy International Trade, Competitiveness and FDI 16 WIIW0000092 wiiw Policy Notes and Reports https://wiiw.ac.at/p-3916.html P 8515 8515 0 0 0 0 BIB BIB 1 2016-06-21 pwiiw3916 0 /16 1000010003916 2016-06-21 00:00:00 2018-07-19 P