WB: Export, education, Serbia's priorities

Serbia's exports are among the lowest in the Balkans, and an increase should be a priority, a World Bank report says.

Izvor: Tanjug

Monday, 14.07.2008.

19:29

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Serbia's exports are among the lowest in the Balkans, and an increase should be a priority, a World Bank report says. This export increase should come based on highly qualified labor, said a presentation in Belgrade today of the World Bank report on the integration of the western Balkans and the European Union. WB: Export, education, Serbia's priorities The document's author, Sanjay Kathuria, who is a leading economist with this financial institution, underscored that exports of goods and services from Serbia in 2006 amounted to only 27 percent of the GDP, while at the same time some 45 percent of the Croatian GDP is covered by exports, while in Slovakia this figure goes at over 80 percent. Kathuria pointed out that investments through privatization are predominant in countries of southeastern Europe, rather than Greenfield investments. Serbia's economic strategy, and also of other countries in the region, should focus on the development of human capital, a reform and a promotion of education and exports of products of a higher level of processing, he said. Kathuria also stressed the need for a deeper integration of western Balkan countries, so that these markets could become more competitive, and in order to improve the quality and reduce the prices of goods and services, which would in turn help toward a speedier integration into the EU. The region should also reach agreement on the free passage of workforce, Kathuria said, and suggested this be done at first on a bilateral basis, accompanied by bilateral agreements to recognize professional qualifications.

WB: Export, education, Serbia's priorities

The document's author, Sanjay Kathuria, who is a leading economist with this financial institution, underscored that exports of goods and services from Serbia in 2006 amounted to only 27 percent of the GDP, while at the same time some 45 percent of the Croatian GDP is covered by exports, while in Slovakia this figure goes at over 80 percent.

Kathuria pointed out that investments through privatization are predominant in countries of southeastern Europe, rather than Greenfield investments.

Serbia's economic strategy, and also of other countries in the region, should focus on the development of human capital, a reform and a promotion of education and exports of products of a higher level of processing, he said.

Kathuria also stressed the need for a deeper integration of western Balkan countries, so that these markets could become more competitive, and in order to improve the quality and reduce the prices of goods and services, which would in turn help toward a speedier integration into the EU.

The region should also reach agreement on the free passage of workforce, Kathuria said, and suggested this be done at first on a bilateral basis, accompanied by bilateral agreements to recognize professional qualifications.

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