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OECD Economic Surveys: Slovak Republic 2010

image of OECD Economic Surveys: Slovak Republic 2010

OECD's periodic survey of the economy of the Slovak Republic.  This edition includes chapters covering emerging from the crisis, public sector efficiency and greener growth.

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Reaping the benefits of a transition to greener growth

The transition to a greener economy supported by international environmental commitments and national policies will entail structural changes in consumption patterns and industry structures, resulting in a reallocation of resources in and between countries. Slovakia will need to build an effective framework for green growth to maximise its chances of exploiting cleaner sources of growth and to seize the opportunities to develop new green industries, jobs, and technologies. This requires addressing environmental externalities (for example by extending environmental taxation and removing subsidies) and improving the adaptive capacities of the economy through eco-innovation. Reforms to support innovation and R&D spending, such as making existing R&D public support more efficient, strengthening the protection of property rights and developing the venture capital market are needed. Also, administrative entry barriers in the product market should be reduced, competition in energy markets and in telecommunication fostered, and the tertiary education system reformed.

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