Structural Reform Agenda

Author(s):  
Xiaojiang Zhang
Author(s):  
Koenraad De Ceuninck ◽  
Kristof Steyvers ◽  
Tony Valcke

This chapter scrutinizes the ongoing debate on structural reform in local government in the Flemish Region of Belgium at the turn and the first decades of the 21st century. As in many European polities, discussions on the territorial and functional arrangements of the level deemed closest to the citizen have occupied a protracted place on the reform agenda. Likewise, given their often controversial and conflictual nature all but a part of these reformist ambitions have eventually been adopted and implemented. Actual structural change often only crystalizes as the residue of a heated reform base once the damp of the discussion evaporates.


Author(s):  
Karl WOHLMUTH

In this paper weak and strong forms of global governance of raw materials markets are compared. This is done by comparing the «transparency agenda» with the «structural reform agenda». John Maynard Keynes has worked for decades academically on commodity markets, on speculation and storage, on forward markets and buffer stocks etc., but he has also practised commercial trading activity on various commodity markets, and he has written and/or influenced the Post-World War Two ICU/ITO (International Clearing Union/International Trade Organization) agendas which are containing detailed provisions for establishing a world order on commodity markets. He was very much interested in the relation between price volatility of raw materials and its impacts on global macroeconomics, but he was also convinced that appropriate regulations of commodity markets and sectors impact positively on peace and development. He was convinced that strong global governance must be based on simple, stable, effective, consensual and binding rules. Now the «transparency agenda» with regard of raw materials is so much debated but it is a rather weak form of global governance, while the «structural reform agenda» represents a rather strong form of global governance of the resources sectors. The «transparency agenda» is discussed in great detail in this paper while the «structural reform agenda» is considered in the Conclusions and Outlook section but needs further elaboration in a follow-up paper.


2019 ◽  
Vol 19 (245) ◽  
Author(s):  

Growth slowed last year as the cyclical recovery ran its course and temporary domestic factors, coupled with slowing global growth, weighed on demand. Nonetheless, activity remained resilient relative to peers, and the labor market continued to improve. The fiscal deficit declined modestly, but public debt reached an all-time high. The government’s structural reform agenda is being put in place and growth is expected to gradually return to its potential level over the medium run. However, risks have risen, related to a disorderly Brexit, trade tensions, and a softening of activity in the euro area, but also to a slowdown in the domestic reform momentum.


2020 ◽  
Vol 20 (286) ◽  
Author(s):  

On May 1, 2020, the Executive Board approved an RFI (US$643 million, 67.3 percent of quota), to support the urgent needs of the Ecuadorean economy in the wake of COVID-19 crisis, and the authorities cancelled the three-year Extended Fund Facility arrangement (US$ 4.2 billion, 435 percent of quota). The macroeconomic situation has since deteriorated, prompting the authorities to request a 27-month EFF of SDR 4.615 billion (about US$6.5 billion, 661 percent of quota), to help restore macroeconomic stability, support the most vulnerable groups, and advance the structural reform agenda initiated under the previous EFF.


European View ◽  
2018 ◽  
Vol 17 (1) ◽  
pp. 58-65
Author(s):  
Constantine Arvanitopoulos

Greece’s economic crisis is a by-product of a deeper institutional, political and societal crisis. The crisis brought about a bailout programme conditional on fiscal and structural reform, as set forth in three successive memoranda of understanding between Greece and its creditors. The domestic political class accepted these memoranda, albeit reluctantly. After the initial response with its populist overtones and the subsequent long and tortuous process of adjustment, the country now seems close to a consensus on a minimum reform agenda. However, Greece needs a change of paradigm: a shift away from deep-rooted attitudes that have impaired the country’s tremendous potential, to a culture of reform and growth. Its political leadership has to come up with a plan, one embraced by the people, that will push the country out of the current catastrophic interlude and lead it into a new virtuous cycle.


2019 ◽  
Vol 19 (129) ◽  
Author(s):  

Given its bulging working-age population, creating more and better jobs is the country’s overarching priority. Uzbekistan has already implemented a first wave of important economic reforms, including foreign exchange liberalization, tax reform, and a major upgrade in statistics. Faced with a vast structural reform agenda, the authorities want to prioritize reforms that address the economy’s most damaging distortions first. The main short-term macroeconomic stability challenge is to prevent a credit boom that could generate excessive external deficits and aggravate inflation pressures.


2018 ◽  
Vol 35 (2) ◽  
pp. 135-157 ◽  
Author(s):  
Calliope Spanou

The experience of Greece under the macro-economic adjustment programmes represents an intriguing case of the impact of external conditionality on the process of implementing domestic structural reform. After discussing the concept of reform capacity, the article looks into the specifics of its interaction with policy conditionality, in order to elaborate to what extent external constraint unleashes or hinders reform potential. In doing so, the article shows that it is necessary to take into account the nature of the reform agenda and the impact of strong external leverage on the capacity of the domestic political system to translate requirements into reforms. It concludes that external pressure through policy conditionality has moved things forward. However, its in-built side-effects hardly allowed to change the pattern of political operation, while they inversely affected political and therefore reform sustainability. The wider implications of this case study point to the need for going beyond assumptions regarding reform incentives to look into the reality of domestic reform dynamics.


2020 ◽  
Vol 338 ◽  
pp. 265-275
Author(s):  
Daniel Zimmermann

In July 2019 the new president of the European Commission, Ursula von der Leyen, presented her guidelines for the period of presidency 2019-2024. While most proposals perpetuate the current reform agenda, the focus on the social dimension of the single market is remarkable. Von der Leyen has not only announced the full implementation of the European Pillar on Social Rights, but also highlighted new investment in digital competences seen as a key to competitiveness and innovation of the European economy. This paper will discuss whether the dynamics of the digital single market could lead to a new impetus on EU social policy and on European funding of training programmes. Therefore, an overview of significant funding programmes promoting digital skills is given.


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