Lithuania - Country Economic Memorandum : Converging to Europe - Policies to Support Employment and Productivity Growth

Lithuania - Country Economic Memorandum : Converging to Europe - Policies to Support Employment and Productivity Growth

Lithuania's long-term economic strategy aims at building the foundations for achieving rapid convergence with Western European countries. The medium-term objective of the economic policy is to meet the economic criteria for accession and to ge...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESSION COUNTRIES AGRICULTURAL PERFORMANCE AGRICULTURAL SECTOR AGRICULTURE ANNUAL RATE AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BALANCE SHEET BARLEY BROAD CONSENSUS BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT CAPITAL INFLOWS CAPITAL INVESTMENTS CENTRAL BANK COMPARATIVE ADVANTAGE COMPETITIVENESS COMPLEX TASK CONSOLIDATION CONSUMERS CPI CURRENCY UNIT DEBT DEMOGRAPHIC STRUCTURE DEVELOPING COUNTRIES DEVELOPING COUNTRY DUAL ECONOMY ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC LOSS ECONOMIC MANAGEMENT ECONOMIC MEMORANDUM ECONOMIC POLICY EDUCATION LEVEL EDUCATIONAL ATTAINMENT EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT EXTERNAL ENVIRONMENT EXTERNAL SHOCKS FINANCIAL SECTOR FISCAL DEFICITS FISCAL YEAR GDP GLOBAL ECONOMY GOVERNMENT INTERVENTION GROSS DOMESTIC PRODUCT GROSS EARNINGS GROSS NATIONAL SAVINGS GROSS VALUE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HIGH GROWTH HOUSEHOLD CONSUMPTION HOUSEHOLD HEAD HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN DEVELOPMENT REPORTS IMPORTS INCOME INCOME CHANGE INCOME LEVELS INELASTIC DEMAND INFLATION INFLATION RATE INSURANCE INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR COSTS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR PRODUCTIVITY LAND USE LEGISLATION LONG TERM LOW INFLATION MACROECONOMIC FRAMEWORK MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MALE-HEADED HOUSEHOLDS MARKET ECONOMY MEASURED POVERTY MEDIUM TERM MINIMUM WAGE MONETARY POLICY NEGATIVE IMPACT NON-INCOME DIMENSIONS PENSIONS POLICY FRAMEWORK POLICY IMPLICATIONS POLICY INSTRUMENT POLICY MAKERS POPULATION SHARE POVERTY IMPACT POVERTY LINE POVERTY LINES POVERTY PROFILE POVERTY RATE POVERTY REDUCTION POVERTY RISK PRIVATIZATION PRO-POOR PRODUCER INCENTIVES PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC SERVICES QUALITY STANDARDS QUOTAS RAPID GROWTH REAL EXCHANGE RATE REAL GDP REAL INCOME REAL WAGES RELATIVE POVERTY RURAL AREAS RURAL CREDIT RURAL ECONOMY RURAL POVERTY SAFETY NET SAVINGS SKILLED LABOR SKILLED WORKERS SOCIAL ASSISTANCE SOCIAL ASSISTANCE PROGRAMS SOCIAL INDICATORS SOCIAL PROTECTION SOCIAL SECURITY STRUCTURAL REFORM STRUCTURAL REFORMS TASK TEAM LEADER TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE BALANCE TRADE DEFICIT TRADE FLOWS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT RATE UNIVERSITY GRADUATES URBAN AREAS URBAN ONES VALUE ADDED VULNERABLE GROUPS WAGES WORLD TRADE ORGANIZATION WTO EMPLOYMENT POLICIES ECONOMIC PRODUCTIVITY EUROPEAN UNION MEMBERSHIP MACROECONOMIC STABILIZATION FOREIGN DIRECT INVESTMENTS LABOR MARKETS REGULATORY REFORM HOUSEHOLD INCOME EXPORT PERFORMANCE AGRICULTURAL PRODUCTIVITY INCENTIVES JOB CREATION WAGE ADJUSTMENTS JOB SECURITY ACCESS TO CREDIT TRANSPORT POLICY SOCIAL PROTECTION SYSTEMS SOCIAL INSURANCE PROGRAMS CASH TRANSFER TARGETED ASSISTANCE FISCAL CONSOLIDATION
Online Access:	http://documents.worldbank.org/curated/en/2002/10/2054534/lithuania-country-economic-memorandum-converging-europe-policies-support-employment-productivity-growth http://hdl.handle.net/10986/15334

Description
Summary:	Lithuania's long-term economic strategy aims at building the foundations for achieving rapid convergence with Western European countries. The medium-term objective of the economic policy is to meet the economic criteria for accession and to get ready for membership in the European and Monetary Union (EMU) after accession. This will be acheived through continued macroeconomic stability, fiscal consolidation, and further implementation of structural reforms needed for an efficient functioning of the market economy, improved productivity, and enhancement of competitiveness. This report focuses on three critical elements of the structural reform agenda: 1) labor market reform, aimed at increasing labor market flexibility and improving the utilization of labor resources throughout the economy; 2) regulatory reform and reform of the business environment, to support private sector development and growth in both urban and rural areas; and 3) social protection reform, to improve targeting, effectiveness, and efficiency.

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