Growth Challenges and Government Policies in Armenia
This report reviews growth trends in Armenia for the period 1994-2000, outlines major weaknesses of existing development patterns, and suggests a package of policy recommendations designed to accelerate enterprise restructuring, attract investment,...
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/02/1723020/growth-challenges-government-policies-armenia http://hdl.handle.net/10986/14069 |
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okr-10986-140692021-04-23T14:03:11Z Growth Challenges and Government Policies in Armenia World Bank GOVERNMENT POLICY BUSINESS ENVIRONMENT PRIVATE SECTOR DEVELOPMENT INTERNATIONAL AID INTERNATIONAL AID RESTRUCTURING PRIVATE INVESTMENTS INFORMAL SECTOR GOVERNMENT EMPLOYEES ENTERPRISE RESTRUCTURING ENTREPRENEURS SMALL & MEDIUM SCALE ENTERPRISES PUBLIC ENTERPRISES LIQUIDATION BANKRUPTCY CORPORATE GOVERNANCE FAMILY PRODUCTION UNIT RECOMBINATION MICROENTERPRISES STAGNATION (ECONOMICS) BORROWING COSTS DEREGULATION LAND MARKETS PUBLIC SERVICES LICENCES TAX SIMPLIFICATION TAX ADMINISTRATION CUSTOMS ADMINISTRATION ADMINISTRATIVE BARRIERS AGRICULTURE ASSET MANAGEMENT BANKING SUPERVISION BANKRUPTCY BIRTH RATE BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT CAPITAL MARKETS CENTRAL BANK CITIZENS COMMERCIAL DEBT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPETITIVENESS CONSOLIDATION CONSUMER GROUPS CONSUMER PRICE INDEX CORPORATE GOVERNANCE CPI DEBT DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIES IN TRANSITION ELECTRICITY DEMAND EMIGRATION ENERGY CONSUMPTION ENTERPRISE SURVEYS EXCHANGE RATE EXCHANGE RATES EXPORTS FARMS FINANCIAL CRISIS FOREIGN INVESTORS FREE TRADE GDP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSION GROWTH THEORY HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INFLATION INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATES INTERNATIONAL AID INTERNATIONAL DEVELOPMENT INTERNATIONAL RESERVES LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL FRAMEWORK LIQUIDATION LIQUIDITY LIVING STANDARDS LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MANAGERS MARKET ECONOMIES MIGRATION OWNERSHIP STRUCTURE PERFORMANCE CATEGORIES POVERTY LINE PRESENT VALUE PRICE CHANGES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURES PUBLIC SECTOR PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY REAL GDP SECTORAL POLICIES STATISTICAL ANALYSIS SURPLUS LABOR SUSTAINABLE GROWTH TAX REGIME TRANSITION ECONOMIES TRANSPARENCY TRANSPORT UNEMPLOYMENT URBAN SERVICES VALUE ADDED WAGES WHOLESALE PRICES WORKERS WORLD TRADE ORGANIZATION WTO This report reviews growth trends in Armenia for the period 1994-2000, outlines major weaknesses of existing development patterns, and suggests a package of policy recommendations designed to accelerate enterprise restructuring, attract investment, and encourage the creation of new businesses in the medium term (three to five years). Such steps are needed to sustain (and preferably to increase) the current growth rates, to stop emigration among the young and skilled, and to reduce poverty. The government needs to focus much more clearly on generating the environment for private sector led growth by removing bottlenecks in policies, infrastructure, and institutions that prevent new private businesses from flourishing. International aid donors can help by supporting the removal of administrative barriers for investments, the rehabilitation of infrastructure, and the creation of "restructuring agencies" that will enable firms in key sectors to overcome or avoid common constraints to business growth in Armenia. Successful restructuring by such firms should have a demonstration effect on the country's economy and help consolidate public support for moving forward the program of reform begun a decade ago. 2013-06-20T18:24:08Z 2013-06-20T18:24:08Z 2002-02 http://documents.worldbank.org/curated/en/2002/02/1723020/growth-challenges-government-policies-armenia 0-8213-5089-7 http://hdl.handle.net/10986/14069 English en_US World Bank Country Study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Armenia |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
GOVERNMENT POLICY BUSINESS ENVIRONMENT PRIVATE SECTOR DEVELOPMENT INTERNATIONAL AID INTERNATIONAL AID RESTRUCTURING PRIVATE INVESTMENTS INFORMAL SECTOR GOVERNMENT EMPLOYEES ENTERPRISE RESTRUCTURING ENTREPRENEURS SMALL & MEDIUM SCALE ENTERPRISES PUBLIC ENTERPRISES LIQUIDATION BANKRUPTCY CORPORATE GOVERNANCE FAMILY PRODUCTION UNIT RECOMBINATION MICROENTERPRISES STAGNATION (ECONOMICS) BORROWING COSTS DEREGULATION LAND MARKETS PUBLIC SERVICES LICENCES TAX SIMPLIFICATION TAX ADMINISTRATION CUSTOMS ADMINISTRATION ADMINISTRATIVE BARRIERS AGRICULTURE ASSET MANAGEMENT BANKING SUPERVISION BANKRUPTCY BIRTH RATE BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT CAPITAL MARKETS CENTRAL BANK CITIZENS COMMERCIAL DEBT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPETITIVENESS CONSOLIDATION CONSUMER GROUPS CONSUMER PRICE INDEX CORPORATE GOVERNANCE CPI DEBT DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIES IN TRANSITION ELECTRICITY DEMAND EMIGRATION ENERGY CONSUMPTION ENTERPRISE SURVEYS EXCHANGE RATE EXCHANGE RATES EXPORTS FARMS FINANCIAL CRISIS FOREIGN INVESTORS FREE TRADE GDP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSION GROWTH THEORY HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INFLATION INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATES INTERNATIONAL AID INTERNATIONAL DEVELOPMENT INTERNATIONAL RESERVES LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL FRAMEWORK LIQUIDATION LIQUIDITY LIVING STANDARDS LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MANAGERS MARKET ECONOMIES MIGRATION OWNERSHIP STRUCTURE PERFORMANCE CATEGORIES POVERTY LINE PRESENT VALUE PRICE CHANGES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURES PUBLIC SECTOR PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY REAL GDP SECTORAL POLICIES STATISTICAL ANALYSIS SURPLUS LABOR SUSTAINABLE GROWTH TAX REGIME TRANSITION ECONOMIES TRANSPARENCY TRANSPORT UNEMPLOYMENT URBAN SERVICES VALUE ADDED WAGES WHOLESALE PRICES WORKERS WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
GOVERNMENT POLICY BUSINESS ENVIRONMENT PRIVATE SECTOR DEVELOPMENT INTERNATIONAL AID INTERNATIONAL AID RESTRUCTURING PRIVATE INVESTMENTS INFORMAL SECTOR GOVERNMENT EMPLOYEES ENTERPRISE RESTRUCTURING ENTREPRENEURS SMALL & MEDIUM SCALE ENTERPRISES PUBLIC ENTERPRISES LIQUIDATION BANKRUPTCY CORPORATE GOVERNANCE FAMILY PRODUCTION UNIT RECOMBINATION MICROENTERPRISES STAGNATION (ECONOMICS) BORROWING COSTS DEREGULATION LAND MARKETS PUBLIC SERVICES LICENCES TAX SIMPLIFICATION TAX ADMINISTRATION CUSTOMS ADMINISTRATION ADMINISTRATIVE BARRIERS AGRICULTURE ASSET MANAGEMENT BANKING SUPERVISION BANKRUPTCY BIRTH RATE BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT CAPITAL MARKETS CENTRAL BANK CITIZENS COMMERCIAL DEBT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPETITIVENESS CONSOLIDATION CONSUMER GROUPS CONSUMER PRICE INDEX CORPORATE GOVERNANCE CPI DEBT DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIES IN TRANSITION ELECTRICITY DEMAND EMIGRATION ENERGY CONSUMPTION ENTERPRISE SURVEYS EXCHANGE RATE EXCHANGE RATES EXPORTS FARMS FINANCIAL CRISIS FOREIGN INVESTORS FREE TRADE GDP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSION GROWTH THEORY HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INFLATION INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATES INTERNATIONAL AID INTERNATIONAL DEVELOPMENT INTERNATIONAL RESERVES LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL FRAMEWORK LIQUIDATION LIQUIDITY LIVING STANDARDS LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MANAGERS MARKET ECONOMIES MIGRATION OWNERSHIP STRUCTURE PERFORMANCE CATEGORIES POVERTY LINE PRESENT VALUE PRICE CHANGES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURES PUBLIC SECTOR PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY REAL GDP SECTORAL POLICIES STATISTICAL ANALYSIS SURPLUS LABOR SUSTAINABLE GROWTH TAX REGIME TRANSITION ECONOMIES TRANSPARENCY TRANSPORT UNEMPLOYMENT URBAN SERVICES VALUE ADDED WAGES WHOLESALE PRICES WORKERS WORLD TRADE ORGANIZATION WTO World Bank Growth Challenges and Government Policies in Armenia |
| geographic_facet |
Europe and Central Asia Armenia |
| relation |
World Bank Country Study; |
| description |
This report reviews growth trends in
Armenia for the period 1994-2000, outlines major weaknesses
of existing development patterns, and suggests a package of
policy recommendations designed to accelerate enterprise
restructuring, attract investment, and encourage the
creation of new businesses in the medium term (three to five
years). Such steps are needed to sustain (and preferably to
increase) the current growth rates, to stop emigration among
the young and skilled, and to reduce poverty. The government
needs to focus much more clearly on generating the
environment for private sector led growth by removing
bottlenecks in policies, infrastructure, and institutions
that prevent new private businesses from flourishing.
International aid donors can help by supporting the removal
of administrative barriers for investments, the
rehabilitation of infrastructure, and the creation of
"restructuring agencies" that will enable firms in
key sectors to overcome or avoid common constraints to
business growth in Armenia. Successful restructuring by such
firms should have a demonstration effect on the
country's economy and help consolidate public support
for moving forward the program of reform begun a decade ago. |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Growth Challenges and Government Policies in Armenia |
| title_short |
Growth Challenges and Government Policies in Armenia |
| title_full |
Growth Challenges and Government Policies in Armenia |
| title_fullStr |
Growth Challenges and Government Policies in Armenia |
| title_full_unstemmed |
Growth Challenges and Government Policies in Armenia |
| title_sort |
growth challenges and government policies in armenia |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/02/1723020/growth-challenges-government-policies-armenia http://hdl.handle.net/10986/14069 |
| _version_ |
1764425091439919104 |