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The Caucasian tiger : sustaining economic growth in Armenia /
This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence as the Caucasian Tiger and to provide policy advice to the Armenian authorities to ensure the continuation of this growth. The book is presented in two parts, with Part I contai...
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
World Bank,
©2007.
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| Colección: | World Bank e-Library.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Executive summary xiii
- Growth, poverty, and employment xiii
- Seizing new opportunities for reform xiv
- Sharpening competition xv
- Deepening financial intermediation xvi
- Removing barriers to international integration xvii
- Capitalizing on innovation and knowledge xix
- The pattern of growth
- Sustained growth with impressive productivity gains
- Increasingly export-led growth
- Continuing heavy reliance on external savings
- Comfortable outlook for external debt
- Key macroeconomic challenges
- Growth and a pronounced fall in poverty
- Growth without jobs
- Summary of the chapter
- Constraints to sustained growth
- The record
- The record in a comparative context
- Constraints to future growth
- Evaluating the state of the binding constraints
- Summary of the chapter
- The framework for competition
- Governance that hinders competitiveness
- Regulatory environment weaknesses that impede competition
- The ease of doing business in transition countries
- "Revealed" ease of doing business
- Weaknesses and strengths of formal regulatory regime
- The link between the formal ease of doing business and the large informal economy
- Law and institutions : formal and informal
- Large welfare losses from weak competition in petroleum distribution
- Economic implications and policy conclusions
- Summary and key recommendations
- Finance as a barrier to accumulation
- Shallow financial intermediation and high cost of funds
- Impact of institutional weaknesses on costs
- Corporate governance deficiencies and the cost of financial intermediation
- Creditor rights and secured transactions framework
- The role of information flows in reducing intermediation costs
- Monetary operations and money markets
- Insurance, pension, and housing finance reform
- Summary and key recommendations of the chapter
- Impediments to international integration
- Contestability of domestic markets
- Reforming customs rules
- Integration is burdened by expensive backbone services
- ICT infrastructure : the private telephone monopoly
- Air transport : an untapped asset
- Summary and key recommendations of the chapter
- Knowledge and innovation
- The knowledge economy in the international context
- Policies to strengthen knowledge-based competitiveness
- Medium-term agenda : alleviation of critical constraints.