Investment Compact for South East Europe › Next Generation Competitiveness Initiative
Governments in the Western Balkans are now making policy decisions that may have long lasting effects on the medium and long-term competitiveness of their economies. Common barriers to development identified across the region include: over reliance on cost competitiveness, looming skills gaps, inadequate innovation and lack of policy monitoring mechanisms.
The NGCI, building upon the work done through the Regional Competitiveness Initiative, will support the implementation of the South East Europe 2020 by:
- Supporting implementation: Strengthening the competitiveness of key economic sectors in the Western Balkans; and
- Monitoring, evaluating and assessing the policy reforms and institutional settings which are necessary for meeting the commitments contained in SEE 2020.
The project will focus its interventions in three specific economic sectors deemed to possess comparative advantages, and where regional value chains exist. The project will: