Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations
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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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/11/1631761/armenia-growth-challenges-government-policies-vol-1-2-main-conclusions-recommendations http://hdl.handle.net/10986/15450 |
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okr-10986-15450 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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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 RECOMBINATION FAMILY PRODUCTION UNIT MICROENTERPRISES STAGNATION (ECONOMICS) BORROWING COSTS DEREGULATION LAND MARKETS PUBLIC SERVICES LICENCES TAX SIMPLIFICATION TAX ADMINISTRATION CUSTOMS ADMINISTRATION ACCOUNTING ACCOUNTING PRACTICES ADMINISTRATIVE BARRIERS AGRICULTURE BANK LENDING BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BIRTH RATE BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT CAPITAL BASE CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CITIZENS COMMERCIAL CREDIT COMMERCIAL DEBT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COMPLIANCE COSTS CONSOLIDATION CONSUMER PRICE INDEX CPI DEBT DEPOSITS DEREGULATION DEVALUATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIES IN TRANSITION EMIGRATION EMPLOYMENT ENTERPRISE SURVEYS ENTREPRENEURSHIP EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPORTS FARMS FINANCIAL CRISIS FINANCIAL SECTOR FISCAL YEAR FOOD PROCESSING FOREIGN INVESTORS FREE TRADE GDP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INFLATION INSTITUTIONAL REFORMS INTEREST RATES INTERNATIONAL AID INTERNATIONAL RESERVES INVESTMENT CLIMATE LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL FRAMEWORK LIFTING LIQUIDATION LIVING STANDARDS LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MANAGERS MARKET ECONOMIES MARKET ECONOMY MARKETING MONETARY POLICY OWNERSHIP STRUCTURE PARTNERSHIP POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY REAL GDP REAL SECTOR RECYCLING REGULATORY FRAMEWORK RESOURCE ALLOCATION SOCIAL SERVICES SOFT BUDGET CONSTRAINTS STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT SURPLUS LABOR SUSTAINABLE GROWTH TAX ADMINISTRATION TAX RATES TAX REGIME TAX SYSTEM TAXATION TELECOMMUNICATIONS TRANSITION ECONOMIES TRANSPARENCY TRANSPORT URBAN SERVICES VALUE ADDED WATER SUPPLY 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 RECOMBINATION FAMILY PRODUCTION UNIT MICROENTERPRISES STAGNATION (ECONOMICS) BORROWING COSTS DEREGULATION LAND MARKETS PUBLIC SERVICES LICENCES TAX SIMPLIFICATION TAX ADMINISTRATION CUSTOMS ADMINISTRATION ACCOUNTING ACCOUNTING PRACTICES ADMINISTRATIVE BARRIERS AGRICULTURE BANK LENDING BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BIRTH RATE BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT CAPITAL BASE CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CITIZENS COMMERCIAL CREDIT COMMERCIAL DEBT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COMPLIANCE COSTS CONSOLIDATION CONSUMER PRICE INDEX CPI DEBT DEPOSITS DEREGULATION DEVALUATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIES IN TRANSITION EMIGRATION EMPLOYMENT ENTERPRISE SURVEYS ENTREPRENEURSHIP EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPORTS FARMS FINANCIAL CRISIS FINANCIAL SECTOR FISCAL YEAR FOOD PROCESSING FOREIGN INVESTORS FREE TRADE GDP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INFLATION INSTITUTIONAL REFORMS INTEREST RATES INTERNATIONAL AID INTERNATIONAL RESERVES INVESTMENT CLIMATE LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL FRAMEWORK LIFTING LIQUIDATION LIVING STANDARDS LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MANAGERS MARKET ECONOMIES MARKET ECONOMY MARKETING MONETARY POLICY OWNERSHIP STRUCTURE PARTNERSHIP POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY REAL GDP REAL SECTOR RECYCLING REGULATORY FRAMEWORK RESOURCE ALLOCATION SOCIAL SERVICES SOFT BUDGET CONSTRAINTS STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT SURPLUS LABOR SUSTAINABLE GROWTH TAX ADMINISTRATION TAX RATES TAX REGIME TAX SYSTEM TAXATION TELECOMMUNICATIONS TRANSITION ECONOMIES TRANSPARENCY TRANSPORT URBAN SERVICES VALUE ADDED WATER SUPPLY WORKERS WORLD TRADE ORGANIZATION WTO World Bank Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations |
| geographic_facet |
Europe and Central Asia Armenia |
| 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 systain (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. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations |
| title_short |
Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations |
| title_full |
Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations |
| title_fullStr |
Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations |
| title_full_unstemmed |
Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations |
| title_sort |
armenia : growth challenges and government policies, volume 1. main conclusions and recommendations |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/11/1631761/armenia-growth-challenges-government-policies-vol-1-2-main-conclusions-recommendations http://hdl.handle.net/10986/15450 |
| _version_ |
1764426677793849344 |
| spelling |
okr-10986-154502021-04-23T14:03:14Z Armenia : Growth Challenges and Government Policies, Volume 1. Main Conclusions and Recommendations 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 RECOMBINATION FAMILY PRODUCTION UNIT MICROENTERPRISES STAGNATION (ECONOMICS) BORROWING COSTS DEREGULATION LAND MARKETS PUBLIC SERVICES LICENCES TAX SIMPLIFICATION TAX ADMINISTRATION CUSTOMS ADMINISTRATION ACCOUNTING ACCOUNTING PRACTICES ADMINISTRATIVE BARRIERS AGRICULTURE BANK LENDING BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BIRTH RATE BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT CAPITAL BASE CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CITIZENS COMMERCIAL CREDIT COMMERCIAL DEBT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COMPLIANCE COSTS CONSOLIDATION CONSUMER PRICE INDEX CPI DEBT DEPOSITS DEREGULATION DEVALUATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIES IN TRANSITION EMIGRATION EMPLOYMENT ENTERPRISE SURVEYS ENTREPRENEURSHIP EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPORTS FARMS FINANCIAL CRISIS FINANCIAL SECTOR FISCAL YEAR FOOD PROCESSING FOREIGN INVESTORS FREE TRADE GDP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INFLATION INSTITUTIONAL REFORMS INTEREST RATES INTERNATIONAL AID INTERNATIONAL RESERVES INVESTMENT CLIMATE LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL FRAMEWORK LIFTING LIQUIDATION LIVING STANDARDS LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MANAGERS MARKET ECONOMIES MARKET ECONOMY MARKETING MONETARY POLICY OWNERSHIP STRUCTURE PARTNERSHIP POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY REAL GDP REAL SECTOR RECYCLING REGULATORY FRAMEWORK RESOURCE ALLOCATION SOCIAL SERVICES SOFT BUDGET CONSTRAINTS STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT SURPLUS LABOR SUSTAINABLE GROWTH TAX ADMINISTRATION TAX RATES TAX REGIME TAX SYSTEM TAXATION TELECOMMUNICATIONS TRANSITION ECONOMIES TRANSPARENCY TRANSPORT URBAN SERVICES VALUE ADDED WATER SUPPLY 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 systain (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. 2013-08-28T20:13:11Z 2013-08-28T20:13:11Z 2001-11-30 http://documents.worldbank.org/curated/en/2001/11/1631761/armenia-growth-challenges-government-policies-vol-1-2-main-conclusions-recommendations http://hdl.handle.net/10986/15450 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Europe and Central Asia Armenia |