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Slovenia achieved strong economic growth leading to a marked catch up with the EU15 during the last decade. This dynamic growth has been interrupted by the global recession, adversely affecting Slovenian exports and banks’ refinancing possibilities. As the economy recovers, efforts to achieve real convergence need to be renewed.
Slovenia belongs to the group of new EU member countries, which have given a high priority to fiscal prudence. This both stabilised the economy and paved the way for entry to the EU in 2004 and adoption of the euro in 2007. It also created room to counteract the current weakening of the economy. But fiscal policy has to cope with four main challenges: i) ensuring a return to fiscal consolidation after the current economic downturn;
Though labour market outcomes have improved markedly in past years, some challenges remain such as low labour force participation of the elderly, low employment rates of youth and rising labour market dualism.
Slovenia’s product market regulation appears more stringent than in some neighbouring countries, though less restrictive than in some transition economies. In key service sectors (financial services, energy and telecommunication), low contestability linked to state involvement and strong market concentration may have deterred inward FDI.
Clusters of firms and related organisations in a range of industry specialisations are a striking feature of the economic landscape in all countries. Their growth and survival depends on internal processes of specialisation, co-operation and rivalry, and knowledge flows that underpin the competitiveness of the firms within them. Cluster building is now among the most important economic development activities in OECD countries and
This book demonstrates that the success of local development strategies depends on the capacity of the government and its partners to accelerate change within the policy and governance aspects of economic and social development.
OECD countries have given a green light for the start of accession talks with five prospective new members, notably Slovenia, signalling a new stage in the Organisation's drive to broaden and deepen its involvement with emerging new players in the global economy.
The OECD, in partnership with Eurostat, ROSSTAT and CISSTAT, has calculated benchmark purchasing power parities (PPPs) for GDP and consumption for the year 2005 for 55 countries following a common methodology. The calculation covers the 30 member countries of the OECD, the 27 member states of the European Union, ten CIS countries, six Western Balkan countries and Israel. The results will be included into the forthcoming release of
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The purpose of this activity is to provide policymakers with options for developing systems to recognise non-formal and informal learning; to effectively implement the agenda; and determine under what conditions recognition of non-formal and informal learning can be beneficial for all.
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