Holzner, Mario creator text au Wien Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) 2016 monographic eng

print

14 S., 9 Figures, 30cm. 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 E27 E60 F21 H54 O24 https://wiiw.ac.at/p-3916.html https://wiiw.ac.at/p-3916.html 160621 20260517120214.0 pwiiw3916