promoting work and well being: policy challenges in the global environment
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Promoting Work and Well Being: Policy Challenges in the Global Environment
Toshiaki SakatsumeToshiaki Sakatsume
Office of the Chief EconomistOffice of the Chief Economist
EBRDEBRD
Bucharest, June 23Bucharest, June 23rdrd 2008 2008
EBRD surveys
BEEPS: In partnership with the World Bank, the EBRD is implementing the Business Environment and Enterprise Performance Survey (BEEPS). Three rounds of the survey have so far been implemented (1999, 2002, and 2005). 20,000 firms in 27 countries have been interviewed.
Life in Transition Survey: Jointly with the World Bank , EBRD implemented the survey is to assess the impact of transition on people 29,000 individuals were interviewed in 28 transition countries plus Turkey.
The speed of labour reallocation varies substantially by region
0
10
20
30
40
50
60
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
State employment - CEB Private employment - CEB Self-employed - CEB
State employment - SEE Private employment - SEE Self-employed - SEE
State employment CIS+M Private employment CIS+M Self-employed CIS+M
Source: EBRD-World Bank, Life in Transition Survey, 2006.
Private sector share in GDP
0
10
20
30
40
50
60
70
80
90
100
1990 1995 2000 2005 2007
0
10
20
30
40
50
60
70
80
90
100
CEB Caucusus Central Asia Transition economies average
Transition Indicators: Measurement
4+
4
3
2
1
Standards of an industrialised market economy
Little or no change from a centrally planed economy
Progress in small-scale privatisation
1
1.5
2
2.5
3
3.5
4
4.5
1990 1995 2000 2005 2007
1
1.5
2
2.5
3
3.5
4
4.5
CEB Caucusus Central Asia Transition economies average
Progress in large-scale privatisation
1
1.5
2
2.5
3
3.5
4
4.5
1990 1995 2000 2005 2007
1
1.5
2
2.5
3
3.5
4
4.5
CEB Caucusus Central Asia Transition economies average
Governance and enterprise restructuring
1
1.5
2
2.5
3
3.5
4
4.5
1990 1995 2000 2005 2007
1
1.5
2
2.5
3
3.5
4
4.5
CEB Caucusus Central Asia Transition economies average
Business Environment and Enterprise Performance Survey (2002, 2005)
0.50
1.00
1.50
Businessregulation
Labour*
Taxation*
Institutions andproperty rights*
Infrastructure
Finance
Macroeconomicenvironment*
Georgia Tajikistan
0.50
1.00
1.50
Businessregulation*
Labour
Taxation*
Institutions andproperty rights*
Infrastructure*
Finance*
Macroeconomicenvironment*
Business Environment and Enterprise Performance Survey (2002, 2005)
0.50
1.00
1.50
Businessregulation*
Labour
Taxation*
Institutions andproperty rights*
Infrastructure
Finance
Macroeconomicenvironment
Azerbaijan Kazakhstan
0.50
1.00
1.50
Businessregulation
Labour*
Taxation
Institutions andproperty rights
Infrastructure
Finance*
Macroeconomicenvironment*
Younger people more upbeat than older generation
Older generation has borne the brunt of painful economic and political reforms
Younger generation poised to reap the benefits
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
18-34 35-49 50-64 65+
DissatisfiedNo viewSatisfied
People in TransitionPast, present, future
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Myhouseholdlives betternowadays
than around1989
All thingsconsidered, Iam satisfiedwith my life
now
Children whoare born now
will have abetter lifethan my
generation
DisagreeNo viewAgree
For further information visit For further information visit www.ebrd.com/economics
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