[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109030-en":3,"doc-seo-109030-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},109030,13056703020460,"Valentina","https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923",8,"Research & Report","Serbia’s New Growth Agenda - Forging a New Future - Executive Summary","Serbia’s economy faces a crossroads: improving growth rates are not yet closing the gap to average living standards in the European Union. The report sets out a new, ambitious growth agenda to lift prosperity, including the goal of doubling income within a decade. It argues that achieving around 7 percent annual growth and creating 100,000 jobs per year requires strong political will built on broad consensus and sustained reforms.","Public Disc losure Authorized  \nSERBIA’S NEW GROWTH AGENDA  \nFORGING A NEW FUTURE  \nu ub lic Disclosure th ir el Disclosure Authorized Pub lic Disclosure  \nContents  \nExecutive Summary  \nThe urgency for a New Growth Strategy ...................................................................................................... 7  \nBoosting investment ................................................................................................................................... 13  \nFinancing growing firms .............................................................................................................................. 15  \nSkilling workers for growth ......................................................................................................................... 17  \nRaising productivity..................................................................................................................................... 21  \nExporting to grow........................................................................................................................................ 26  \nImproving the business environment ......................................................................................................... 28  \nUnleashing competition .............................................................................................................................. 32  \nForging a new future................................................................................................................................... 39  \nAcknowledgements  \nThe Serbia Country Economic Memorandum (CEM) and associated papers discuss the potential and reforms to boost Serbia’s growth to 7 percent a year and double income per capita in the next decade.  \nThe team was led by Ekaterina Vostroknutova, Trang Van Nguyen, and Lazar Sestovic, and consisted of Dusko Vasiljevic (private sector development, state aid, and exports), Gunhild Berg (financial sector), Elwyn Davies (productivity and firm-level analysis), Maciej Drozd and Tania Begazo Gomez (competition), Jaime Frias (exports), Bojan Shimbov (exports and state aid), Alexandria Valerio and Katia Herrera Sosa (skills), Gonzalo Reyes Hartley (labor market), Natasha Rovo (structural reform analysis), Marc Schiffbauer (state aid), Shawn Tan (state aid and FDI spillovers), and Verena Fritz (governance) . The external communications team included Vesna Kostic, Mirjana Popovic, and Artem Kolesnikov. Administrative and operational support from Miroslav Nesic, Leah Laboy, Zana Ivanovic, Aleksandar Pavic, and Jasna Vukojeis acknowledged with thanks. Carter Dougherty edited the main manuscript, while Anne Grant and Katherine Shafer Coleman edited the background papers. Design and typeset of the main report and accompanying materials were implemented by Florencia Micheltorena, Budy Wirasmo, Carlos Reyes, Maja Simonovic, Rajesh Sharma, and Lynn Saghir.  \nThe CEM project was guided by Linda Van Gelder, Stephen Ndegwa, Gallina Vincelette, and the Western Balkans Country Management Team and has benefited from both internal and external reviews. The team is also grateful to a number of reviewers, inside and outside the World Bank Group, including Enrique Blanco Armas, Donato de Rosa and Paulo Correa.  \nSupport from the Global Facility on Growth for Development financed by the Republic of Korea and support from the Good Governance Fund of the United Kingdom are gratefully acknowledged. The work has benefited from engagement with the Korean Development Institute, including the visit and discussions with Professor Yong-Seok Choi of Kyung Hee University and Dr. Sanghoon Ahn, Executive Director, Korean Development Institute Center for International Development. The team is also grateful to the British Embassy in Belgrade.  \nBackground papers prepared for this report:  \n1. Structural reforms to set the growth ambition  \n2. Investment for growth  \n3. Financing for growth  \n4. Exporting to grow","cbCaibqaRc6mjHue","https://ap.wps.com/l/cbCaibqaRc6mjHue","pdf",919288,3,1,42,"English","en",105,"# Executive Summary\n## The urgency for a New Growth Strategy\n## Boosting investment\n## Financing growing firms\n## Skilling workers for growth\n## Raising productivity\n## Exporting to grow\n## Improving the business environment\n## Unleashing competition\n## Forging a new future","[{\"question\":\"Why does Serbia need a New Growth Agenda?\",\"answer\":\"Current 3–4% growth is improving incomes but not fast enough to close living-standard gaps with the European Union. 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