Competitiveness and Private Sector Development.

Foreword
 Table of Contents
 Acknowledgments
 Acronyms and Abbreviations
 Executive Summary
 Chapter 1. The Competitiveness Potential of Eastern Europe and South Caucasus
 Introduction: The unexploited competitiveness potential of the EESC region
 Endowments
 A strategically located region
 Figure 1.1. Investment waves towards Eastern Europe and South Caucasus: net foreign direct investments, selected regions, 1995-2010
 A region endowed with plenty of natural wealth
 Above-average literacy rates
 Recent performance and challenges: Competitiveness needs to be enhanced. GDP growth recovers after the financial crisis but not to previous ratesFigure 1.2. Real GDP growth 1997-2015 (annual percentage change)
 Low but fast-growing labour productivity
 Figure 1.3. Labour productivity (defined as GDP per employee in constant 2 000 USD) relative to the world
 External financing: Enhancing foreign direct investment flows
 Table 1.1. FDI in the EESC region, 2009
 Figure 1.4. External financing in Eastern Europe and South Caucasus: 1995-2009
 Diversifying trading partners
 The private sector requires further development. Figure 1.5. Private sector share of the GDP in 2009Need to improve education and support human capital development
 Policy priorities for the region
 Box 1.1. Policies for Competitiveness Assessment Framework
 Human Capital Development
 Table 1.2. Three policy areas covered by the Policies for Competitiveness Assessment framework
 Access to finance
 Figure 1.6. Policies for Competitiveness Assessment Framework for EESC across three dimensions
 Investment policy and promotion
 Developing a public-private dialogue. Figure 1.7. Gap in perceived state of reform between the public and private sectorsHow to enhance competitiveness
 Figure 1.8. Competitiveness perception gap in the EESC relative to OECD 2010
 Conclusion: Addressing fundamental structural issues to boost competitiveness
 Notes
 Bibliography
 Chapter 2. Strengthening the Pillars of Competitiveness
 Executive summary
 Introduction
 Methodology
 Figure 2.1. The 12 pillars of competitiveness
 Table 2.1. Countries from Eastern Europe and the South Caucasus according to their stage of development
 Table 2.2. GCI results for EESC economies. Competitiveness performance of the EESC region: An international comparisonFigure 2.2. Performance of EESC countries in comparison with transition economies
 Institutions
 Figure 2.3. EESC region performance across the 12 pillars of the GCI
 Figure 2.4. Performance of the EESC region on the Higher education and training pillar of the GCI
 Figure 2.5. Quality of the educational system in the EESC region between 2005 and 2010
 Figure 2.6. Performance of EESC economies on selected indicators from the Goods markets efficiency pillar of the GCI.