Structural Reforms in Southeastern Europe since the Kosovo Conflict

This paper attempts to describe and assess the achievements of the countries of South Eastern Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Romania, and Federal Republic of Yugoslavia - in pursuing structural economic reforms in the period since the end of the Kosovo conflict. The paper concentrates on four key areas of structural reforms: a) public management and anti-corruption; b) creating a liberal environment for trade in goods and services; c) attracting foreign investments; and d) encouraging the growth of a private market based economy. Since the Kosovo conflict, the countries of Southeastern Europe have made encouraging progress in advancing structural reforms and preparing their economies for greater integration with Europe and the rest of the world with the aim of raising the rate of sustainable economic growth. But progress has been uneven across sectors and across countries. The gap in economic performance with respect to central Europe remains large and can be bridged only with determined reforms in creating the conditions for the formation and growth of private enterprises. Attention must also shift towards strengthening governance and fighting corruption.

Bibliographic Details

Main Authors:	Gressani, Daniela, Mitra, Saumya
Language:	English en_US
Published:	Washington, DC: World Bank 2002
Subjects:	ACCOUNTABILITY, ACCOUNTING, ANTI- CORRUPTION, ANTI-CORRUPTION, ANTI-CORRUPTION STRATEGY, AUDITING, AUDITS, AUTONOMY, BANK, BANKING LAWS, BANKING REFORM, BANKING SECTOR, BANKING SECTOR REFORMS, BANKING SERVICES, BANKING SYSTEM, BANKRUPTCY, BUDGET PROCESS, BUSINESS ENVIRONMENT, CAPITAL BUDGETS, CAPITAL MARKETS, CAPITALIZATION, CAPITALS, CIVIL SERVICE, CIVIL SERVICE REFORMS, CIVIL SOCIETY, CIVIL WAR, COMMAND ECONOMY, COMPETITION LEGISLATION, COMPETITION POLICY, CONSTITUENCIES, CORPORATE BEHAVIOR, CORPORATE GOVERNANCE, CORPORATE SECTOR, CORRUPTION PROBLEMS, DEGREE OF CORRUPTION, DEPOSIT INSURANCE, DEPOSIT INSURANCE SCHEMES, DISCRETIONARY POWERS, ECOLOGY, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC REFORM, ECONOMIC REFORMS, ECONOMISTS, EFFICIENT REGULATION, ENFORCEMENT ACTION, ENFORCEMENT OF COMPETITION, ENTERPRISE RESTRUCTURING, ENVIRONMENTAL PERFORMANCE, EXCHANGE RATE, EXCHANGE RATES, EXCISE TAXES, EXECUTION, EXPENDITURE, FIGHTING CORRUPTION, FINANCIAL ASSISTANCE, FINANCIAL CRISES, FINANCIAL DEEPENING, FINANCIAL DISCIPLINE, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FISCAL, FISCAL REVENUE, FOREIGN BANKS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE REGIME, FOREIGN INVESTMENT, FOREIGN TRADE, FOREST MANAGEMENT, GOVERNMENT REVENUES, HUMAN CAPITAL, HUMAN CAPITAL STOCK, IMPORTS, INCOME, INSOLVENCY, INSOLVENCY SYSTEMS, INSOLVENT, INSOLVENT BANKS, INSTITUTIONAL DEVELOPMENT, INSTITUTIONAL REFORMS, INSURANCE, INTEREST RATES, INTERNATIONAL TRADE, INVESTMENT CLIMATE, INVESTMENT GRANTS, INVESTMENT SPENDING, LACK OF CLARITY, LAWS, LEGISLATION, LEGISLATIVE CHANGES, LEGISLATURE, LICENSES, LOCAL AUTHORITY, LOCAL GOVERNMENT, LOCAL GOVERNMENT REVENUES, LOCAL GOVERNMENTS, MACROECONOMIC STABILITY, MANAGEMENT INFORMATION SYSTEMS, MARKET POWER, MARKET PRICES, MINISTRIES OF FINANCE, ORGANIZED CRIME, POLICY DECISIONS, POLITICAL RISK, PRIVATE BANKING, PRIVATE BANKS, PRIVATE OWNERSHIP, PRIVATE SECTOR, PRIVATE SECTOR INVESTMENT, PRIVATIZATION, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC FINANCES, PUBLIC GOODS, PUBLIC GOVERNANCE, PUBLIC INSTITUTIONS, PUBLIC MANAGEMENT, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SERVICES, PUBLIC SPENDING, REGULATORY FRAMEWORK, REPUBLICS, SALES TAXES, SECURITIES, SOCIAL ASSESSMENT, SOCIAL SECURITY, SOCIAL SECURITY TAXES, SOFT BUDGET CONSTRAINTS, STATE OWNERSHIP, STATE PROCUREMENT, SUBNATIONAL BUDGETING, SUBSIDIARY, SURTAXES, TAX, TAX ADMINISTRATION, TAX BASE, TAX BURDEN, TAX EVASION, TAX RATES, TAX REFORMS, TAX SYSTEM, TAXATION, TECHNICAL ASSISTANCE, TRADE FLOWS, TRANSITION ECONOMIES, TRANSPARENCY, TREASURY, UTILITIES, WATER PRICING STRUCTURAL REFORMS, CORRUPTION, EUROPEAN UNION, REGIONAL INTEGRATION, FOREIGN DIRECT INVESTMENTS, FOREIGN INVESTMENTS, BANKING REFORMS, PRIVATE INFRASTRUCTURE, SMALL & MEDIUM SCALE ENTERPRISES, MARKET ECONOMY, TRADE INTEGRATION, PRIVATE SECTOR INVESTMENTS, INSTITUTION BUILDING,
Online Access:	http://documents.worldbank.org/curated/en/2002/01/2018948/structural-reforms-southeastern-europe-kosovo-conflict https://hdl.handle.net/10986/15228
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