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Europe and Central Asia

5 things you (probably) didn’t know about the EU’s “Lagging regions”

Thomas Farole's picture
Also available in: Română

Economic growth does not evenly spread within countries: some regions benefit, while other regions lag behind. This is as true in the European Union (EU) as in most other parts of the world, despite  significant convergence efforts in the EU. The leading regions in Europe have, on average, 2.3 times the GDP per capita of their poorest counterparts.

There are 5 things you (probably) didn’t know about the phenomenon of “lagging regions” within the EU.
 

5 lucruri pe care (probabil) nu le știați despre “regiunile mai puțin dezvoltate” din UE

Thomas Farole's picture
Also available in: English

Creșterea economică nu este răspândită uniform la nivelul țărilor: anumite regiuni prosperă, în timp ce altele rămân în urmă. Acest fenomen se manifestă în Uniunea Europeană (UE) la fel ca și în majoritatea celorlalte zone ale lumii, în ciuda eforturilor considerabile de susținere a convergenței în UE. Regiunile cele mai dezvoltate din Europa au, în medie, un PIB de 2,3 ori mai mare pe cap de locuitor decât echivalentele lor mai sărace. Această situație este întâlnită și în interiorul aceleiași țări. În România, de exemplu, regiunea București-Ilfov depășește orașe ca Madrid, Berlin sau Budapesta din punct de vedere al PIB-ului pe cap de locuitor, însă în aceeași țară există, de asemenea, 5 regiuni care se clasifică printre cele mai sărace la nivelul întregii Uniuni Europene.

Hackathons and mobile apps: developing innovative responses to sexual violence in Kyrgyzstan

American University of Central Asia - Hackathon Team Leaders's picture


As we take part in the 16 Days of Activism Against Gender-Based Violence campaign over the coming weeks, we couldn’t be more excited about sharing an update than this one.

We recently brought a team of technologically savvy students together and worked hard for two days with very little sleep to develop an application to respond to sexual violence. The hard work paid off when our team was awarded first place in a Hackathon at the American University of Central Asia (AUCA).

Mali ljudi dobijaju veću moć pred srpskim sudovima

Georgia Harley's picture
Also available in: English


Šta se dešava ako imate pravni problem, a ne možete da priuštite advokata?
 
U Srbiji smo sada korak bliže da odgovorimo baš na to pitanje. Izradili smo vodič kojim se običnim građanima i privrednicima pomaže da se snađu u sudskom sistemu u Srbiji.

Giving small people bigger power in Serbian courts

Georgia Harley's picture
Also available in: Српски


What happens if you have a legal problem but you can’t afford a lawyer?

In Serbia, we are one step closer to answering that very question. We’ve developed a guide to help ordinary citizens and businesses navigate the court system in Serbia.

Doing Business and Central Asia – After 15 years, how much reform?

Stefka Slavova's picture
Also available in: Русский


This year, the annual Doing Business Report – by far the most anticipated and cited World Bank publication – celebrates its 15th year. Starting in 2003, the fledgling report, which covers about 130 countries, has grown into its teens garnering admiration and criticism in equal measure. Some absolutely love it, while others argue that its flaws outweigh its strong points.

Regardless, nobody can deny that the Doing Business report has been a major catalyst for reforms across the world – 3,200 reforms of business regulation have been counted to date, spurred by the Report and carried out in line with the methodology of its indicators.

After the storm: Time to rebuild faster and stronger

Lilia Burunciuc's picture
Also available in: Русский
With every calamity comes an opportunity: to rebound and rebuild stronger than before. The economies of Central Asia faced such an opportunity following the major economic shock they experienced at the end of 2014. The collapse in commodity prices affected not only oil-producing countries – highlighting the narrow production base on which their prosperity rests – but also oil importers, whose growth depends largely on remittance-fueled demand.

All countries in the region experienced significant welfare losses. In 2015-16, the volume of imports declined 15% in both Tajikistan and Uzbekistan, and 25% in Kyrgyzstan – a clear sign that households and firms were constrained.

After the initial shock, however, the economies of Central Asia rebounded. This was thanks to supportive fiscal and monetary policies, namely fiscal expansion and relatively lose monetary policy. Growth has picked-up: for Central Asia, as a whole, it is now projected to reach 4.4% in 2017, against 2.8% the year before. Inflation has returned to manageable levels: in Kazakhstan, it has plummeted down from the double-digit rates seen after the fall in oil prices, confirming that the previous spike was merely a one-time adjustment.

But, have the countries of Central Asia done enough to shift the focus from structural constraints to durable prosperity? According to the recently released Economic Update for Europe and Central Asia, important challenges still lie ahead.

A Toast to Food: Looking for innovation in Croatia’s food industry

Also available in: Русский
Innovation in food may seem obscure. There are only so many ways you can cut a carrot and you cannot simply reinvent the pig. But in an increasingly busy and wealthy world, the nature of demand for food is changing and scope exists for innovation in the way we deliver food to match people’s lifestyles. With demand for such new segments rapidly growing across Europe, Croatia seems well-poised to exploit this trend.

So why aren’t more farmers and firms champing at the bit to get a piece of this economic pie?



 

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