000			02098nam a22004217u 4500
001			pwiiw3916
003			OSt
005			20260518120039.0
008			160621t2016 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aE27 _aE60 _aF21 _aH54 _aO24 _2jelc
100	1		_aHolzner, Mario
245	1	0	_aPolicy Options for Competitiveness and Economic Development in the Western Balkans: the Case for Infrastructure Investment
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2016.
300			_a14 S., _b9 Figures, _c30cm.
490	1		_awiiw Policy Notes and Reports _v16
520			_aSummary 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.
650			_amacroeconomic policy
650			_ainvestment
650			_ainfrastructure
650			_afiscal devaluation
650			_acompetitiveness
650			_aWestern Balkans
650			_aBerlin Process
651			_aAlbania
651			_aBosnia and Herzegovina
651			_aKosovo
651			_aNorth Macedonia
651			_aMontenegro
651			_aSerbia
651			_aWestern Balkans
690			_aMacroeconomic Analysis and Policy
690			_aInternational Trade, Competitiveness and FDI
830		0	_v16 _wWIIW0000092 _twiiw Policy Notes and Reports
856	4	0	_uhttps://wiiw.ac.at/p-3916.html
942			_cP
999			_c8515 _d8515