Foreign Direct Investments (FDIs) are a significant source of employment in the Western Balkans, playing a vital role in skills development.<\/p>\n
An analysis commissioned by the World Bank on labor market developments in the Western Balkans revealed that nearly two-thirds of the jobs created by foreign investors in the region are geared towards secondary education.<\/p>\n
In Albania, it\u2019s evident that the quality of jobs offered by foreign investors has witnessed a decline in the latter half of the past decade. Out of the total workforce employed by foreign companies, only 18% possessed higher education during 2016-2021, compared to 22% during 2010-2015.<\/p>\n
Recent years have witnessed a rise in the share of employees with secondary education, while the category with lower education has seen a decline.<\/p>\n
Within the region, Bosnia and Herzegovina and Kosovo have seen an improvement in the skills required for jobs offered by FDIs during the second half of the analyzed period (2016-2021), compared to the first half (2010-2015).<\/p>\n
This is marked by an increase in the percentage of jobs with high skills and a decrease in the percentage of jobs with low skills. However, the opposite trend was observed in Albania and Montenegro, where a decline was recorded, with no significant changes noted in North Macedonia and Serbia.<\/p>\n
In the Western Balkans, the majority of jobs created by foreign investments were not concentrated in the capital cities. Kosovo, with 41% of employment, had the highest percentage of FDI jobs in its capital, followed by North Macedonia with 39%, and Albania with 36%.<\/p>\n
Foreign investments have been a cornerstone of the economic model for Western Balkan economies as they continue to transition from post-communist regimes.<\/p>\n
They have played a pivotal role in the region, employing around 180,000 individuals over the past decade, constituting 19% of the total employment growth in the region during this period. For every 5 jobs created in the region over the past decade, one can be attributed to foreign investments.<\/p>\n
The majority of FDI-related employment in the region was found in the manufacturing sector (53%), followed by construction (23%), and wholesale trade (12%).<\/p>\n
It\u2019s worth noting that the skills required for employment by FDIs were generally lower than the skills offered by the domestic market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Foreign Direct Investments (FDIs) are a significant source of employment in the Western Balkans, playing a vital role in skills development. An analysis commissioned by the World Bank on labor market developments in the Western Balkans revealed that nearly two-thirds of the jobs created by foreign investors in the region are geared towards secondary education. […]<\/p>\n","protected":false},"author":24,"featured_media":62123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[250],"tags":[270,2250,823,271,1194,4795,4427,1787,300,243,151,460,298,301,326,1349],"acf":[],"yoast_head":"\n