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Public Sector and Governance

Three Pillars for Prosperity in Montenegro

Željko Bogetic's picture

Over the last decade Montenegro has trebled its gross national income (from $2,400 in 2003 to $7,160 in 2012), has reduced its national poverty headcount from 11.3 percent in 2005 to 6.6 percent in 2010, and enjoys the highest per capita income among the six South East European countries.

Despite this considerable progress, however, Montenegro remains a country in need of a new economic direction. The global financial crisis has exposed Montenegro’s economic vulnerabilities and has called into question the country’s overall growth pattern. The period between 2006 and 2008 was characterized by unsustainably large inflows of foreign direct investments (FDI) and inexpensive capital, which fueled a domestic credit consumption boom and a real estate bubble. When the bubble burst in late 2008 and in 2009 real GDP shrank by almost 6 percent, triggering a painful deleveraging and a difficult recovery that is not yet complete. With the base for Montenegro’s growth narrowing and the country’s continued reliance on factor accumulation rather than productivity, it has become clear that this old pattern cannot deliver the growth performance seen just a few years ago.
 
So, what kind of growth model can drive Montenegro’s next stage of development in the increasingly competitive environment of today’s global economy?
 
As spelled out in the recent report “Montenegro – Preparing for Prosperity” this country can go a long way toward returning to the impressive economic gains it was making just a few years ago by emphasizing three critical areas of development: sustainability, connectivity, and flexibility.
 

Mapping the Kyrgyz Republic’s Poverty Distribution

Sarosh Sattar's picture

A significant share of the population in the Kyrgyz Republic – 37 percent – lived below the poverty line in 2011, according to the latest available data. And despite a relatively modest population of about 5.5 million, poverty rates across oblasts (provinces) span a striking range -- from 18 percent to 50 percent.

Why? Well, that is a surprisingly difficult question to answer.  

The Many Faces of Corruption in the Russian Federation

Gregory Kisunko's picture

"No single national score can accurately reflect contrasts in the types of corruption found in a country." Michael Johnston, 2001

Corruption comes in various forms - administrative corruption being one example, state capture (a.k.a. “grand corruption”) being another. Although administrative corruption is not necessarily the most damaging form for economic growth and private sector development in Russia, and while its occurrence appears to be declining in Russia, perceptions of “state capture” are worsening.

Can Citizen Feedback Strengthen Development? (Replay Chat)

Lauren Clyne Medley's picture

Read this post in: Español, Français

Citizen Voices ConferenceThat was the first question up for debate at the Citizen Voices Conference on March 18. And the communal answer was a clear and resounding "yes."

The next question up posed more of a challenge – How do we build our public and private institutions so citizens can access information and influence decisions impacting their own lives? The answer to this was pulled apart for eight hours by technology innovators, development specialists, government officials, academics, civil society representatives, and members of the private sector at this interactive and multilingual conference.

Citizen Engagement in Development Projects: What We Know, What We Need to Do and Learn

Caroline Anstey's picture
Also available in: العربية

Read this post in Español, Français

Remember the old saying "the customer is always right"? The motto used by a number of prominent retailers (like Marshall Field) was all about placing value on customer satisfaction. In essence it was about listening to the customer – the final point person at the end of the retail line.

Today we are seeing business build far more sophisticated means of using modern technology to get feedback from their customers. It begs the question – if business can do that, why can't we try and do the same in the business of development - with the benefit of modern technology?

I've seen the evidence that we can do it. Last October at the World Bank, we applauded the work of teams in Bangladesh, Brazil, Cambodia and India, who've been using the mix of modern technology and development to boost results.

Citizen Engagement - Seven Questions, One Conversation

Tiago Carneiro Peixoto's picture

Read this post in: Español

Citizen Voices

Calls for increased citizen empowerment are heard from across the spectrum, ranging from governments and donors to CSOs and multilateral efforts such as the Open Government Partnership.

The World Bank Group, in partnership with CIVICUS, the Government of Finland and InterAction will host a conference on citizen engagement on March 18, 2013 to highlight the value of engaging with citizens for effective development.

The Citizen Voices conference will focus on citizen engagement and feedback systems that strengthen the quality of policy making and service delivery, where the impact on the poor is most direct. The conference aims to explore how citizen engagement is essential for effective development, move from knowledge to action, and establish concrete partnerships for scaling up at global and national levels.

But while the claims for citizen engagement abound, less discussion is dedicated to how to design and implement participatory processes that deliver their expected benefits, such as increased accountability and better delivery of policies and services. As part of this problem, not enough attention is paid to the various outcomes that participatory processes may engender and what they mean for policy and development.

Russia’s growth prospects: what about aging?

Kaspar Richter's picture

Spare a thought for the economist.

While in the past, people might have resorted to reading tea leaves to figure out what their future has in store for them, these days, at least on economic matters, people turn to the next available economist. But while economists are great at analyzing the past, predicting the future is still a complicated task.

In order to come up with projections, economists look at data. Now, it turns out that economists are often making long-term assessments based on the latest news. Take a look at these growth projections for ten years ahead for Russia, based on polls of economists conducted by Consensus Economics, along with actual growth in the year of the projections (Figure 1).  Clearly, while long-term projections are less volatile, the two are correlated – the better the present the better the future, and vice versa. In particular, long-term projections have noticeably nudged down since the crisis.

Figure 1: Actual Growth and 10-Years Ahead Growth

 

Projections for Russia (percent), 2004 to 2012

Will the Real Small Business Please Stand Up?

Munawer Sultan Khwaja's picture

Browsing through a large departmental store in Yerevan, I selected a tie, pair of trousers and a shirt to make up for having arrived in the city before my suitcases did. The store manager pointed me to three different cash counters for the three items I had purchased.  “But isn’t this all one store,” I asked in my inadequate Russian, that never fails to amuse native speakers. “Perhaps,” she smiled. “But never mind; these are different otdels (units).”

While governments around the world try to use simplified regimes to decrease the compliance burden of small and medium-sized enterprises (SMEs), it also opens the door wide open for larger businesses to abuse these regimes either by hiding as a small business, or splitting a larger business into smaller units. This is particularly true when there are few checks on firms entering the simplified regime. Think aforementioned department store!

Women’s Day in Turkey – a Working Day

Martin Raiser's picture

Having lived in many countries throughout the former Soviet Union over the last nine years, I am familiar with International Women’s Day as a holiday. In Turkey, however, Women’s Day remains a work day.

And quite appropriately so, it seems to me.

International Women's Day: A Serbian Perspective

By Mirjana Popovic and Vesna Kostic

Mar. 8: Working Women’s Day or Jobless Women’s Day in Serbia?

By Mirjana Popovic, Online Communications Producer

In the former Yugoslavia, where I was born, International Women’s Day used to celebrate respect and appreciation for women in society: mothers, wives, female colleagues – in this order.

What is it like in today’s Serbia? The glory of the holiday has faded and new challenges have arisen.

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