The main goal of this study is to offer a comparative analysis of wage systems and policies, mandatory social contributions, income taxes, and employment rights in several Southeast European countries. The analysis examines the similarities and differences between the countries in the sample without examining the sustainability of the systems. A part of the countries…
DetailsContext In today’s world, human capital plays a prominent role in determining the country’s competitive advantage. Fast technological progress, including digitalization and artificial intelligence (AI), puts human capital i.e. the knowledge and skills of the population in the forefront of the country’s economic progress. The World Economic Forum (2019) argues that talent adaptability is critical,…
DetailsMacedonia2025 forecast – The decline in GDP in Q4 2020 will be between 2.0% и 4.0% According to the latest high-frequency indicators and available data so far, we forecast a reduction in Gross Domestic Product from 2.0% to 4.0%, as a result of the prolonged effects of the closing of the economy and the reduction…
DetailsPolicy Contributions 2 2020
It all began as a health crisis, far from Europe and Macedonia, but Covid-19 quickly lead to a global economic crisis. Stock markets crashed, oil prices dropped sharply, production stopped, factories and shops began to close, and workers were sent on forced leave. The crisis has just begun and companies are already making losses, facing…
DetailsIn Economics, wages are considered as price of labor. They should reflect worker’s productivity, i.e. what the worker produces or what is his/her value to the company. Wages are important as they largely affect the living standard of workers and their families, but are also a source of demand in the economy, and hence are…
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