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861. Economic Survey of Belgium, 2007

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Belgian economy is in a strong recovery phase. The balancing of the budget since the start of the decade has allowed public debt to fall fast relative to GDP, providing a favourable macroeconomic background for the recovery. Moreover, structural reforms, particularly in the labour market, are showing signs of success. Output has accelerated and was by mid-2006 growing at 3% – the fastest pace since 2000. With growth well above potential, some production factors are already under strain. The challenge will be to persist with stability and reform-oriented policies to bolster the economy's trend growth, a challenge made more acute by the impending ageing of the population.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Belgium

862. Economic Survey of Sweden, 2007

Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Sweden enjoys excellent macroeconomic performance with high rates of growth, low unemployment and stable inflation expectations. Early steps in regulatory reform, taken in the 1990s, are paying off in terms of productivity and GDP growth. However, tensions are visible at the margin. Employment rates have not recovered to traditionally high levels since the crisis of the early 1990s. Joblessness is widespread among immigrants and youngsters, and disability and sickness rates are comparatively high. As well, renewed regulatory reform is needed, inter alia to address the low rate of enterprise formation and enterprise growth that may weaken the economy's ability to venture into new business fields.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Sweden

863. Improving Recycling Markets

Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Societies produce ever-growing quantities of solid waste, from packaging to abandoned televisions and cars. Disposing of this waste, often by burying it in landfills or burning it, produces significant soil contamination, as well as air and water pollution. It is particularly important to manage hazardous solid waste safely and efficiently.
Topic:
Development, Economics, International Trade and Finance, and Markets

864. Economic Survey of Norway, 2007

Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The economy is experiencing a favourable period of robust growth, low unemployment and moderate underlying inflation. This largely reflects the effects of globalisation, of which Norway has been a prime beneficiary, supplying energy and other commodities at high prices and increasingly importing products from low-cost countries. Sizeable labour migration inflows, together with sustained productivity growth, have kept cost inflation at a moderate pace. A tradition of foreign trade openness, domestic competition, a good policy framework and sound macroeconomic management have meant that Norway was well prepared to take advantage of these international trends.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Norway

865. Cutting Red Tape: National Strategies

Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Cutting red tape is a priority on the political agenda. Businesses and citizens complain that they spend much time and devote significant resources to activities such as filling out forms, applying for permits and licences, reporting business information, notifying changes, etc.
Topic:
Economics, Government, International Trade and Finance, and Markets

866. Competition and Barriers to Entry

Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Before a firm can compete in a market, it has to be able to enter it. Many markets have at least some impediments that make it more difficult for a firm to enter a market. A debate over how to define the term “barriers to entry” began decades ago, however, and it has yet to be won. Some scholars have argued, for example, that an obstacle is not an entry barrier if incumbent firms faced it when they entered the market. Others contend that an entry barrier is anything that hinders entry and has the effect of reducing or limiting competition. A number of other definitions have been proposed, but none of them has emerged as a clear favourite. Because the debate remains unsettled but the various definitions continue to be used as analytical tools, the possibility of confusion – and therefore of flawed competition policy – has lingered for many years.
Topic:
Development, Economics, International Trade and Finance, and Markets

867. Economic Survey of the Euro Area, 2007

Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
After several false starts, the economic recovery has taken hold. Activity was strong in 2006, firms and households are more confident about the future, business investment has picked up and unemployment has fallen below 8% for the first time since 2001. There are encouraging signs that the recovery is broadening to embrace household consumption as well. If in addition structural reforms continue, the expansion will become durable and self-sustaining, a prospect also supported by sound corporate and household balance sheets and favourable financing conditions. All this is good news, though it should be kept in perspective. Growth of around 2¼ per cent per annum projected for 2007 and 2008 is still modest by OECD standards, although the growth gap is smaller when measured on a per capita basis. Still, it could take until 2008 for cyclical slack to be fully absorbed.
Topic:
Development, Economics, and Markets
Political Geography:
Europe

868. Divergence and Convergence in Eastern Europe Eurasia: One Transition Path Or Two?

Author:
Robyn Murphy and Ron Sprout
Publication Date:
02-2007
Content Type:
Working Paper
Institution:
United States Agency for International Development
Abstract:
This paper attempts to assess the transition “divide” between Eastern Europe and Eurasia by examining and updating trends across the economic, political, and social transition dimensions. Is there evidence that the transition to market-oriented democracies between the Central and Eastern Europe (CEE) countries and Eurasia is diverging along these dimensions? To what extent are the CEE countries taking one transition path and the Eurasian countries an alternative one?
Topic:
Development, Economics, and Markets
Political Geography:
Eurasia and Eastern Europe

869. Labor Markets in Eastern Europe and Eurasia

Author:
Robyn Murphy, Ron Sprout, and Ayo Heinegg
Publication Date:
01-2007
Content Type:
Working Paper
Institution:
United States Agency for International Development
Abstract:
This research attempts to look systematically at the available data regarding labor market characteristics of the transition in Eastern Europe and Eurasia. A primary focus is the examination of the data in light of a World Bank working hypothesis that “there are signs of an emerging divide between labor markets in the transition economies of Eastern Europe and those of low-income Eurasian countries.” We find significant labor market gaps and differences between the CEE countries (particularly the Northern Tier CEE) and Eurasia but mixed evidence at best that these gaps are growing. We also find that there remain some key challenges and adverse trends in labor markets even among the Northern Tier CEE countries.
Topic:
Development, Economics, and Markets
Political Geography:
Eurasia and Eastern Europe

870. India's Future: It's About Jobs

Author:
Geoffrey N. Keim and Beth Anne Wilson
Publication Date:
11-2007
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Projections of sustained strong growth in India depend importantly on the utilization of the huge increase in India's working-age population projected over the next two decades. To date, however, India's economic growth has been concentrated in high-skill and capital-intensive sectors, and has not generated strong employment growth. In this paper, we highlight the tension between India's performance in output and employment, describe the characteristics of India's demographic dividend, and discuss impediments to India's shift away from agriculture.
Topic:
Development, Economics, and Markets
Political Geography:
South Asia and India