target setting for see 2020 strategy rcc headquarters sarajevo, bosnia and herzegovina 24 april 2012...

Target setting for SEE 2020 strategy

RCC HeadquartersSarajevo, Bosnia and Herzegovina 24 April 2012

Update for the South East Europe Investment Committee

Agenda

• Introduction and objectives

• Target setting for Integrated Growth

• Target setting for Smart Growth

• Target setting for Sustainable Growth

• Target setting for Inclusive Growth

• Target setting for Governance for Growth

Transforming the SEE 2020 Vision

SEE 2020 Vision adopted at the SEE Ministerial Conference:

i. Integrated Growth to deepen regional trade and investment linkages;

ii. Smart Growth – innovation and competition based on value-added rather than labour costs;

iii. Sustainable Growth – private sector competitiveness, entrepreneurship, greener and energy-efficient development;

iv. Inclusive Growth – skills development, employment creation &labour market participation by all;

v. Governance for Growth – improve the capacity of public administration to strengthen the rule of law and reduce corruption.

A set of headline targets to be adopted at the next Ministerial

The proposed process

Nov 2011

Apr2012

Jun2012

Sep2012

Nov2012

Vision adopted

First draft targets

Targets discussed

Second draft targets

Written procedure & third draft

SEE Min

SEE IC

Targets discussed

SEE IC

Final draft targets

Targets adopted

SEE Min

i. Integrated Growtha. Regional trade openness in goodsb. Global trade openness in goodsc. Total value of trade in goodsd. Estimated software piracy rates

ii. Smart Growtha. Gross expenditure on R&D (GERD)b. Business expenditure on R&D (BERD)c. Tertiary education attainmentd. GDP per person employede. High technology exports as a % of

manufactured exportsf. Internet usage

iii. Sustainable Growtha. Trade balance in goods as a % of GDPb. Entrepreneurshipc. CO2 emissions

d. Energy efficiencye. Fossil fuel consumption

iv. Inclusive Growtha. Employmentb. Ratio of estimated female to male

earned incomec. Poverty headcount / People at risk of

povertyd. Early leavers from school

v. Governance for Growtha. Government debt as a % of GDPb. Percentage of firms saying that

unofficial payments are frequentc. Rule of lawd. Regulatory quality

An initial set of dimensions for target setting is proposed at this meeting

• Agree about the process Is the proposed process

adequate to arrive at a result for the Ministerial?

What are the specific constraints to take into account?

• Get input on target setting: Are the chosen dimensions

relevant? Which ones need to be added

or deleted? Which dimensions are within

the scope of the SEE IC? If not within the SEE IC, which

forum can assume their monitoring?

Wherever possible, give a level of ambition for the target dimensions presented

Objectives for this session

Agenda

• Introduction and objectives

• Target setting for Integrated Growth

• Target setting for Smart Growth

• Target setting for Sustainable Growth

• Target setting for Inclusive Growth

• Target setting for Governance for Growth

i. Integrated Growtha. Regional trade openness in goodsb. Global trade openness in goodsc. Total value of trade in goodsd. Estimated software piracy rates

ii. Smart Growtha. Gross expenditure on R&D (GERD)b. Business expenditure on R&D (BERD)c. Tertiary education attainmentd. GDP per person employede. High technology exports as a % of

manufactured exportsf. Internet usage

iii. Sustainable Growtha. Trade balance in goods as a % of GDPb. Entrepreneurshipc. CO2 emissions

d. Energy efficiencye. Fossil fuel consumption

iv. Inclusive Growtha. Employmentb. Ratio of estimated female to male

earned incomec. Poverty headcount / People at risk of

povertyd. Early leavers from school

v. Governance for Growtha. Government debt as a % of GDPb. Percentage of firms saying that

unofficial payments are frequentc. Rule of lawd. Regulatory quality

Dimensions for Integrated Growth

Integrated Growth: Regional trade openness in goods

Integrated Growth: Global trade openness in goods

Integrated Growth: Total value of trade in goods

SEE

Integrated Growth: Estimated software piracy rates

Agenda

• Introduction and objectives

• Target setting for Integrated Growth

• Target setting for Smart Growth

• Target setting for Sustainable Growth

• Target setting for Inclusive Growth

• Target setting for Governance for Growth

i. Integrated Growtha. Regional trade openness in goodsb. Global trade openness in goodsc. Total value of trade in goodsd. Estimated software piracy rates

ii. Smart Growtha. Gross expenditure on R&D (GERD)b. Business expenditure on R&D (BERD)c. Tertiary education attainmentd. GDP per person employede. High technology exports as a % of

manufactured exportsf. Internet usage

iii. Sustainable Growtha. Trade balance in goods as a % of GDPb. Entrepreneurshipc. CO2 emissions

d. Energy efficiencye. Fossil fuel consumption

iv. Inclusive Growtha. Employmentb. Ratio of estimated female to male

earned incomec. Poverty headcount / People at risk of

povertyd. Early leavers from school

v. Governance for Growtha. Government debt as a % of GDPb. Percentage of firms saying that

unofficial payments are frequentc. Rule of lawd. Regulatory quality

Dimensions for Smart Growth

Smart Growth: Gross expenditure on R&D

EU-27

SEE

Smart Growth: Business expenditure on R&D

Smart Growth: Tertiary education attainment

Smart Growth: GDP per person employed

Smart Growth: High technology as a % of manufactured exports

EU-27

SEE

Smart Growth: Internet usage

EU-27

SEE

Agenda

• Introduction and objectives

• Target setting for Integrated Growth

• Target setting for Smart Growth

• Target setting for Sustainable Growth

• Target setting for Inclusive Growth

• Target setting for Governance for Growth

i. Integrated Growtha. Regional trade openness in goodsb. Global trade openness in goodsc. Total value of trade in goodsd. Estimated software piracy rates

ii. Smart Growtha. Gross expenditure on R&Db. Business expenditure on R&Dc. Tertiary education attainmentd. GDP per person employede. High technology as % of manufactured

exportsf. Internet usage

iii. Sustainable Growtha. Trade balance in goods as % of GDPb. Entrepreneurshipc. CO2 emissionsd. Energy efficiencye. Fossil fuel consumption

iv. Inclusive Growtha. Employmentb. Gender ratio of incomec. Poverty headcount / People at risk of

povertyd. Early leavers from school

v. Governance for Growtha. Government debt as % of GDPb. Percentage of firms saying that

unofficial payments are frequentc. Rule of lawd. Regulatory quality

Dimensions for Sustainable Growth

Sustainable Growth: Trade balance in goods as a % of GDP

Sustainable Growth: Entrepreneurship

Note: The EU average is based on data from France, Germany, Great Britain, Italy, Poland and Sweden only 

Sustainable Growth: CO2 emissions

Sustainable Growth: Energy efficiency

Sustainable Growth: Fossil fuel consumption

EU-27

SEE

Agenda

• Introduction and objectives

• Target setting for Integrated Growth

• Target setting for Smart Growth

• Target setting for Sustainable Growth

• Target setting for Inclusive Growth

• Target setting for Governance for Growth

i. Integrated Growtha. Regional trade openness in goodsb. Global trade openness in goodsc. Total value of trade in goodsd. Estimated software piracy rates

ii. Smart Growtha. Gross expenditure on R&D (GERD)b. Business expenditure on R&D (BERD)c. Tertiary education attainmentd. GDP per person employede. High technology exports as a % of

manufactured exportsf. Internet usage

iii. Sustainable Growtha. Trade balance in goods as a % of GDPb. Entrepreneurshipc. CO2 emissions

d. Energy efficiencye. Fossil fuel consumption

iv. Inclusive Growtha. Employmentb. Ratio of estimated female to male

earned incomec. Poverty headcount / People at risk of

povertyd. Early leavers from school

v. Governance for Growtha. Government debt as a % of GDPb. Percentage of firms saying that

unofficial payments are frequentc. Rule of lawd. Regulatory quality

An initial set of dimensions for target setting is proposed at this meeting

Inclusive Growth: Employment

Note: EU2020 foresees an increase of employment in the category 20-64 which is to evolve from 70.3% to 75% in 2020

Inclusive Growth: Gender ratio of income

Note: The data for EU-27 and SEE show exactly the same ratio: 61.9%

Inclusive Growth: Poverty headcount

Note: EU2020 foresees a reduction by 20 million, or 17% of the number of people at risk of poverty or social exclusion

Inclusive Growth: Early leavers from school

EU-27

SEE

Agenda

• Introduction and objectives

• Target setting for Integrated Growth

• Target setting for Smart Growth

• Target setting for Sustainable Growth

• Target setting for Inclusive Growth

• Target setting for Governance for Growth

i. Integrated Growtha. Regional trade openness in goodsb. Global trade openness in goodsc. Total value of trade in goodsd. Estimated software piracy rates

ii. Smart Growtha. Gross expenditure on R&Db. Business expenditure on R&Dc. Tertiary education attainmentd. GDP per person employede. High technology as % of manufactured

exportsf. Internet usage

iii. Sustainable Growtha. Trade balance in goods as % of GDPb. Entrepreneurshipc. CO2 emissionsd. Energy efficiencye. Fossil fuel consumption

iv. Inclusive Growtha. Employmentb. Gender ratio of incomec. Poverty headcount / People at risk of

povertyd. Early leavers from school

v. Governance for Growtha. Government debt as % of GDPb. Percentage of firms saying that

unofficial payments are frequentc. Rule of lawd. Regulatory quality

Dimensions for Governance for growth

Governance for Growth: Government debt as a % of GDP

Governance for Growth: Percentage of firms saying that unofficial payments are frequent

EU-10

Governance for Growth: Rule of law

OECD

Governance for Growth: Regulatory quality

OECD

SEE

Alan PaicHead

OECD Investment Compact for South East EuropePrivate Sector Development Division

Organisation for Economic Co-operation and Development (OECD)

Alan.Paic@oecd.org

www.investmentcompact.org

Thank you for your attention