Competitiveness and Private Sector Development: Eastern Europe and South Caucasus 2011
Competitiveness Outlook
With a total population of over 75 million people and a strategic location between wealthy trading partners, with Russia to the east and a vast market of EU citizens to the west, the Eastern Europe and South Caucasus (EESC) region is attractive as a destination for investment and trade. It is endowed with significant human and resources ranging from the black soil in Ukraine that produces some of the best wheat in the world, to energy reserves in Azerbaijan and unexplored water resources in several countries. However, in spite of recent growth – an average of almost 8% of GDP during 1998-2008 – the region’s productivity levels remain 77% below the world average. The OECD Eastern Europe and South Caucasus Competitiveness Outlook examines the key policies that would increase competitiveness in the countries of the region through developing human capital, improving access to finance for SMEs and creating more and better investment opportunities.
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Acknowledgments
This report is the outcome of work conducted by the OECD Eurasia Competitiveness Programme under the authority of the Eastern Europe and South Caucasus Initiative Steering Committee (referred to in this publication as the “OECD”), in close collaboration with governments and the private sector in six countries of the region. A number of ministries, government agencies, and private sector associations of the following countries contributed by their input to this report: Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine. The collaboration was led by the national contact points in the six countries of the region: Mr. Garegin Melkonyan, Deputy Minister of Economy of Armenia, Mr. Shahin Mustafayev, Minister of Economy of Azerbaijan, Mr. Anton Kudasov, Deputy Minister of Economy of Belarus, Ms. Vera Kobalia, Minister of Economy and Sustainable Development of Georgia, Mr. Sergiu Ciobanu, Vice Minister of Economy of the Republic of Moldova, Mr. Andriy Klyuyev, First Deputy Prime Minister and Minister of Economic Development and Trade of Ukraine.
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