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Country Briefs

Montenegro: The Challenges of A Newborn State Maja Drakic, Frederic Sautet, Kyle McKenzie February 9, 2007 Montenegro is now at a crossroads. Will it continue its reform process and tackle the big challenges ahead—including reforming its labor markets, public finance and public sector management, business regulations, and constitutional rules—or will it follow the path of many former socialist countries and eventually stifle the reforms?

Botswana: Land of Paradoxes Susan Anderson February 3, 2005 Botswana’s successful use of natural resource wealth has made it a land of seeming paradoxes. It has a high level of government spending, yet a competitive business climate and a low tax burden. It is classified by the World Bank as an upper-middle income country, yet almost half of its population lives below the poverty line.