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Promoting Work and Well Being: Policy Challenges in the Global Environment Toshiaki Sakatsume Toshiaki Sakatsume Office of the Chief Economist Office of the Chief Economist EBRD EBRD Bucharest, June 23 Bucharest, June 23 rd rd 2008 2008

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 Sakatsume Office of the Chief Economist EBRD. Bucharest, June 23 rd 2008. EBRD surveys. - PowerPoint PPT Presentation

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Page 1: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 2: Promoting Work and Well Being: Policy Challenges in the Global Environment
Page 3: Promoting Work and Well Being: Policy Challenges in the Global Environment

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.

Page 4: Promoting Work and Well Being: Policy Challenges in the Global Environment

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.

Page 5: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 6: Promoting Work and Well Being: Policy Challenges in the Global Environment

Transition Indicators: Measurement

4+

4

3

2

1

Standards of an industrialised market economy

Little or no change from a centrally planed economy

Page 7: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 8: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 9: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 10: Promoting Work and Well Being: Policy Challenges in the Global Environment

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*

Page 11: Promoting Work and Well Being: Policy Challenges in the Global Environment

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*

Page 12: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 13: Promoting Work and Well Being: Policy Challenges in the Global Environment

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

Page 14: Promoting Work and Well Being: Policy Challenges in the Global Environment

For further information visit For further information visit www.ebrd.com/economics