target setting for see 2020 strategy rcc headquarters sarajevo, bosnia and herzegovina 24 april 2012...
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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)
www.investmentcompact.org
Thank you for your attention