Making the Most of Public Investment in the Eastern Slovak Republic [electronic resource] / Organisation for Economic Co-operation and Development
Series: OECD Multi-level Governance StudiesPublication details: Paris : OECD Publishing, 2016.Description: 108 p. : ill. ; 16x23cmISBN:- 9789264253261

Foreword and Acknowledgements -- Executive summary -- Assessment and recommendations -- Slovak Republic's decentralisation context -- Economic growth and regional well-being in the Eastern Slovak Republic -- Sub-national public investment -- Strengths and challenges for public investment management for the Eastern Slovak Republic -- Annotated Summary Assessment.
The Slovak Republic joined the European Union in 2004, the Schengen area in 2007 and the euro in 2009. These events, coupled with decentralisation reform and the creation of administrative regions, have brought significant change. While overall growth has been impressive compared to OECD countries overall, benefits have not accrued equally across the country. Public investment could potentially improve regional conditions and attract private funding, but governance bottlenecks stand in the way. This case study shows that the main obstacles to effective public investment are linked to high local fragmentation as well as the challenges national and subnational administrations face in designing and implementing investment strategies that correspond to local needs. Drawing on a detailed set of indicators, the study provides recommendations to address these challenges and make the most of public investment in the Slovak Republic.