Building Market Institutions in South Eastern Europe - a study of impediments to investment and private sector development in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the former Yugoslav Republic of Macedonia, Moldova, Romania, and Serbia and Montenegro - yields fundamentally new insights for improving the region's business environment, economic development, and prospects for growth. It focuses on four core topics: - Business competition and economic barriers to entry and exit - Access to regulated utilities and ...
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Building Market Institutions in South Eastern Europe - a study of impediments to investment and private sector development in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the former Yugoslav Republic of Macedonia, Moldova, Romania, and Serbia and Montenegro - yields fundamentally new insights for improving the region's business environment, economic development, and prospects for growth. It focuses on four core topics: - Business competition and economic barriers to entry and exit - Access to regulated utilities and services - Corporate ownership, transparency of business accounts, and access to finance - Mechanisms for commercial dispute resolution. Each topic is empirically investigated across all eight South Eastern European countries through the systematic use of data from multiple sources: - Official data from each country in the region - Results from two annual rounds of quantitative, firm-level surveys covering 1,600 firms - Results from 40 originally developed enterprise-level business case studies. The result is an innovative analysis of cross-country comparisons and the development of key policy challenges from a regional perspective. Building Market Institutions in South Eastern Europe, a collaborative effort between the World Bank and the European Bank for Reconstruction and Development, offers important practical insights for all policymakers and observers concerned with the future of South Eastern Europe. It makes concrete recommendations for reforms that would ease the constraints on domestic and foreign investment, an essential step in sustaining growth and reducing poverty in the region.
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Seller's Description:
Good. Building Market Institutions in South Eastern Europe, a collaborative effort of the World Bank and the EBRD, analyses the institutional impediments to investment and growth in eight SEE countries-Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Moldova, Romania, and Serbia and Montenegro-and suggests policy reforms to ease these constraints. The analysis focuses on four core issues: (i) Business competition and economic barriers to entry/exit, (ii) Access to regulated utilities and services, (iii) Corporate ownership, financial transparency and access to finance, and (iv) Commercial dispute resolution. These issues are investigated empirically across the SEE countries to allow for cross-country comparisons and to develop a regional perspective on corresponding policy challenges. The study is innovative not only because of its use of a cross-country comparative analytical framework applied to a well-defined-and politically important-region, but also because of the novel way it marries data from several sources: (i) official data from the eight countries; (ii) two rounds of results (for 1999 and 2002) of a quantitative firm-level survey (EBRD-World Bank Business Environment and Enterprise Performance Survey) covering approximately 1600 SEE firms; and (iii) the results from a set of 40 original enterprise-level business case studies developed in the field in each of the eight countries. Building Market Institutions in South Eastern Europe provides new insights on improving the South East European business environment and suggests concrete policy recommendations.
