This chapter briefly outlines the objectives of the ICA, defines the ICA, and reveals its structure and methodology. It provides a background on surveys used in the ICA and illustrates that policy uncertainty dominates microeconomic constraints in much of the world.

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This chapter provides an overview of Serbia’s investment climate in an international context by examining how Serbia compares to other countries in terms of its output and productivity, reviewing which characteristics of firms worldwide are associated with high productivity and strong performance, and showing which Serbian firms have high productivity and are growing quickly.

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This chapter analyzes the current macroeconomic context through the Economic Reform Program launched in 2000 and perceptions of the domestic business community and foreign investors, and from these develops priority areas for improving the Serbian investment climate.

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This chapter looks at the dominance of state ownership in Serbia and examines the obstacles that privatization faces. It proposes policies the government can enact to ease market entry.

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This chapter examines access to finance in Serbia and its impact on private sector growth and investment efficiency, the labor market, with its rising unemployment and lack of workers’ rights. Finally, land issues are addressed, particularly the difficulty of acquiring urban land.

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This chapter puts forth a few areas of reform that are most urgent and are likely to provide benefits at reasonable cost and finalizes the priorities for improving the investment climate in Serbia.

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