000			03643nam a2200385 a 4500
003			arcduce
005			20120731113410.0
008			090224s2003 dcu||||| |||| 00| 0 eng d
020			_a0-8213-5510-4
040			_aarcduce
082			_a330.94373
090			_c17084 _d17084
100			_aFunck, Bernard
245			_aSlovak Republic - joining the EU _b : a development policy review _c / Bernard Funck
260			_bWorld Bank _aWashington, D.C. _c2003
300			_axv, 186 p. _bil., maps.
490			_aA World Bank country study _x0253-2123
500			_aCopias: 48340
504			_aIncluye bibliografía
505			_aAcknowledgments -- Abbreviations and acronyms -- Executive summary -- Overview -- 1. Strategic setting -- 2. Structural transformation -- 3. Regional dimensions -- 4. Expenditure strategies -- 5. Governance -- Annex -- Statistical appendix -- List of tables -- List of figures -- List of boxes
520			_aThe Slovak Republic ' s external current account and fiscal deficits (net of privatization receipts) are unsustainably high (at about 8 percent of GDP in 2002), despite some recent declines. With a capital account surplus of perhaps 20 percent of GDP this year, the Slovak Republic may not find it particularly difficult to finance these deficits, but this favorable situation will not last. Furthermore, through its impact on the real exchange rate, this policy mix is undermining the employability of large segments of the population (particularly those with low skill levels) and will ultimately choke growth (projected at 4 percent for 2002). While much policy attention has gone to stimulating investment, future growth will also depend on raising the employment rate, currently one of the lowest among the Central and East European Countries (CEECs). This report lays out the broad thrust of a policy strategy to bolster the recovery and bring the economy towards convergence with the EU. This strategy consists of three key elements: (a) Continued trade, finance, and enterprise reform to complete the structural transformation of the economy and align it with the EU framework (b) Fiscal consolidation, focusing on cutting back expenditure and stabilizing revenues, while redirecting revenue and expenditure policies to become more fully supportive of growth and employment objectives (c) Labor market reform, directed at enhancing labor market flexibility by relaxing legal provisions on working arrangements (such as part-time work, self-employment, and fixed term contracts), by decentralizing collective bargaining, and discarding the minimum wage as an instrument of incomes policy, and by reforming the social assistance system. The ultimate success of the policy reforms outlined in this report will depend to a great extent on the government ' s capacity to strengthen the institutional framework in which those policies are conceived, decided upon, and executed. Three priorities have been highlighted: (i) the reform of public expenditure management systems and practices needed to support a growth-oriented fiscal strategy; (ii) the consolidation of the recent decentralization moves as a prerequisite for further devolution, and (iii) a much overdue overhaul of the judiciary system.
648			_a1993-2002
650			_aCONDICIONES ECONOMICAS
650			_aPOLITICA ECONOMICA
650			_aDATOS ESTADISTICOS
650			_a
650			_a
651			_aESLOVAQUIA
653			_aCOYUNTURA ECONOMICA
653			_aSITUACION ECONOMICA
653			_aPOLITICA DE ESTABILIZACION
710			_aBanco Mundial
942			_cLIBR _j330.94373 F 48339
945			_aCRA
999			_c17052 _d17052