inostrani kapital kao faktor razvoja zemalja - Ekonomski fakultet u ...

The institutions responsible for market legitimacy cover the pension system, the
schemes for providing assistance in case of unemployment and the other social funds. It is
important that in this case we emphasize the significance of these institutions which are
responsible for monitoring the labor market operation, the unemployment and also
responsible for undertaking measures for alleviating it. The institution being the following
ones: the Ministry of Labor and Social Policy, the Employment Agency and the State
Statistical Office. More important problems in this domain are the following ones:
• Determining the real unemployment rate in the Macedonian economy;
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• Cleaning up the evidence of the registered unemployed individuals that are
not active when it comes to looking for possible employment in
compliance with their qualifications;
• Reviewing the actual social benefits of the employees from the aspect of
labour market flexibility;
• Implementing new analytical instrumentarium for both analysing labour
market operation and unemployment. 28
3.2. Creating Favorable Business Climate
Favorable business climate is a basic factor on which depend transaction
costs, contracts’ implementation, realization of property rights, flow of information
between the subjects i.e. a factor upon which depend the opportunities for the
overall development of one country. In order to present the condition Macedonia is
in regarding the business climate favorability we are going to u se the data
publicized by the World Bank in the brochure titled “Doing Business in 2007: How
to Reform”, published in year 2006. This brochure gives analysis of ten indicators
that determine the favorability of business climate (starting business, employing
labor force, getting credit, protecting investors, paying taxes, inter-border trade,
contracts’ implementation and closing business). Some of them will be presented in
the example of Macedonia, in the text which is to follow.
Starting business – the average time for starting business in the Republic of
Macedonia is 18 days, and it includes ten procedures. These results are relatively
better when it comes to the countries in the region (32 days and 9.4 procedures),
but we are behind the OECD countries (16.6 days and 6.2 procedures).
License approval – In the Republic of Macedonia it is necessary to go through
18 procedures and 220 days in order to complete the process, which makes us be in
front of the countries in the region, and stay behind the OECD countries.
Ownership registration – Ownership registration in the Republic of
Macedonia, in year 2006, is performed in 98 days and it is necessary to go through
6 procedures.
Contracts’ implementation – for doing this in Macedonia, it is necessary to go
through 27 procedures and 385 days. The countries in the region require 31.5
28 Taki Fiti, ibid., p. 102.