Armenia : Growth Challenges and Government Policies, Volume 2. Main Report
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/2001/11/1631762/armenia-growth-challenges-government-policies-vol-2-2-main-report http://hdl.handle.net/10986/15451 |
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okr-10986-15451 |
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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 ADMINISTRATIVE BARRIERS AGRICULTURE ANNUAL GROWTH BANKRUPTCY BUDGET CONSTRAINT BUDGET DEFICIT BUDGET DEFICITS BUSINESS ENVIRONMENT CENTRAL BANK COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPETITIVENESS CONSUMER GROUPS CONSUMER PRICE INDEX CORPORATE GOVERNANCE CPI CURRENCY APPRECIATION DEBT DEFICIT FINANCING DEREGULATION DEVALUATION DIRECT INVESTMENT DOMESTIC INFLATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC THEORY EDUCATED PEOPLE ELECTRICITY DEMAND ENERGY CONSUMPTION EXCHANGE RATE EXPORT GROWTH EXPORT PROMOTION EXPORTS EXTERNAL SOURCES FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL SECTOR FISCAL ADJUSTMENT FISCAL BALANCE FISCAL DEFICIT FOREIGN EXCHANGE FOREIGN EXCHANGE REGIME FOREIGN INVESTORS FREE TRADE GDP GLOBAL ECONOMY GROSS DOMESTIC PRODUCT GROWTH PATH GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES GROWTH THEORY HIGH GROWTH HIGH GROWTH RATE HIGH INEQUALITY HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INEQUALITY INFLATION INFLATION RATE INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATES INTERNATIONAL RESERVES LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS LOCAL BUSINESS LOW INFLATION MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MARKET COMPETITION MEDIUM TERM MONETARY POLICY MONETARY SUPPLY NATURAL ENDOWMENTS NEGATIVE IMPACT OIL PARLIAMENT PERFORMANCE CATEGORIES POLICY PACKAGE POLICY REFORMS POVERTY REDUCTION PRICE CHANGES PRIME MINISTER PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC ASSISTANCE PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL GROWTH REAL INTEREST RATES REFORM PROGRAM SECTORAL POLICIES SHARP REDUCTION SIGNIFICANT REDUCTIONS SOCIAL PROTECTION STABILIZATION POLICIES STRUCTURAL ADJUSTMENT SUSTAINABLE GROWTH TIGHT MONETARY POLICY TRADE REGIME TRANSITION ECONOMIES TRANSPARENCY TREASURY BILLS UNEMPLOYMENT VALUE ADDED VOTERS WAGES WHOLESALE PRICES 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 ADMINISTRATIVE BARRIERS AGRICULTURE ANNUAL GROWTH BANKRUPTCY BUDGET CONSTRAINT BUDGET DEFICIT BUDGET DEFICITS BUSINESS ENVIRONMENT CENTRAL BANK COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPETITIVENESS CONSUMER GROUPS CONSUMER PRICE INDEX CORPORATE GOVERNANCE CPI CURRENCY APPRECIATION DEBT DEFICIT FINANCING DEREGULATION DEVALUATION DIRECT INVESTMENT DOMESTIC INFLATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC THEORY EDUCATED PEOPLE ELECTRICITY DEMAND ENERGY CONSUMPTION EXCHANGE RATE EXPORT GROWTH EXPORT PROMOTION EXPORTS EXTERNAL SOURCES FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL SECTOR FISCAL ADJUSTMENT FISCAL BALANCE FISCAL DEFICIT FOREIGN EXCHANGE FOREIGN EXCHANGE REGIME FOREIGN INVESTORS FREE TRADE GDP GLOBAL ECONOMY GROSS DOMESTIC PRODUCT GROWTH PATH GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES GROWTH THEORY HIGH GROWTH HIGH GROWTH RATE HIGH INEQUALITY HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INEQUALITY INFLATION INFLATION RATE INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATES INTERNATIONAL RESERVES LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS LOCAL BUSINESS LOW INFLATION MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MARKET COMPETITION MEDIUM TERM MONETARY POLICY MONETARY SUPPLY NATURAL ENDOWMENTS NEGATIVE IMPACT OIL PARLIAMENT PERFORMANCE CATEGORIES POLICY PACKAGE POLICY REFORMS POVERTY REDUCTION PRICE CHANGES PRIME MINISTER PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC ASSISTANCE PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL GROWTH REAL INTEREST RATES REFORM PROGRAM SECTORAL POLICIES SHARP REDUCTION SIGNIFICANT REDUCTIONS SOCIAL PROTECTION STABILIZATION POLICIES STRUCTURAL ADJUSTMENT SUSTAINABLE GROWTH TIGHT MONETARY POLICY TRADE REGIME TRANSITION ECONOMIES TRANSPARENCY TREASURY BILLS UNEMPLOYMENT VALUE ADDED VOTERS WAGES WHOLESALE PRICES WORLD TRADE ORGANIZATION WTO World Bank Armenia : Growth Challenges and Government Policies, Volume 2. Main Report |
| 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 2. Main Report |
| title_short |
Armenia : Growth Challenges and Government Policies, Volume 2. Main Report |
| title_full |
Armenia : Growth Challenges and Government Policies, Volume 2. Main Report |
| title_fullStr |
Armenia : Growth Challenges and Government Policies, Volume 2. Main Report |
| title_full_unstemmed |
Armenia : Growth Challenges and Government Policies, Volume 2. Main Report |
| title_sort |
armenia : growth challenges and government policies, volume 2. main report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/11/1631762/armenia-growth-challenges-government-policies-vol-2-2-main-report http://hdl.handle.net/10986/15451 |
| _version_ |
1764426681034997760 |
| spelling |
okr-10986-154512021-04-23T14:03:14Z Armenia : Growth Challenges and Government Policies, Volume 2. Main Report 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 ADMINISTRATIVE BARRIERS AGRICULTURE ANNUAL GROWTH BANKRUPTCY BUDGET CONSTRAINT BUDGET DEFICIT BUDGET DEFICITS BUSINESS ENVIRONMENT CENTRAL BANK COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPETITIVENESS CONSUMER GROUPS CONSUMER PRICE INDEX CORPORATE GOVERNANCE CPI CURRENCY APPRECIATION DEBT DEFICIT FINANCING DEREGULATION DEVALUATION DIRECT INVESTMENT DOMESTIC INFLATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC THEORY EDUCATED PEOPLE ELECTRICITY DEMAND ENERGY CONSUMPTION EXCHANGE RATE EXPORT GROWTH EXPORT PROMOTION EXPORTS EXTERNAL SOURCES FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL SECTOR FISCAL ADJUSTMENT FISCAL BALANCE FISCAL DEFICIT FOREIGN EXCHANGE FOREIGN EXCHANGE REGIME FOREIGN INVESTORS FREE TRADE GDP GLOBAL ECONOMY GROSS DOMESTIC PRODUCT GROWTH PATH GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES GROWTH THEORY HIGH GROWTH HIGH GROWTH RATE HIGH INEQUALITY HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INEQUALITY INFLATION INFLATION RATE INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATES INTERNATIONAL RESERVES LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS LOCAL BUSINESS LOW INFLATION MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MARKET COMPETITION MEDIUM TERM MONETARY POLICY MONETARY SUPPLY NATURAL ENDOWMENTS NEGATIVE IMPACT OIL PARLIAMENT PERFORMANCE CATEGORIES POLICY PACKAGE POLICY REFORMS POVERTY REDUCTION PRICE CHANGES PRIME MINISTER PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC ASSISTANCE PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL GROWTH REAL INTEREST RATES REFORM PROGRAM SECTORAL POLICIES SHARP REDUCTION SIGNIFICANT REDUCTIONS SOCIAL PROTECTION STABILIZATION POLICIES STRUCTURAL ADJUSTMENT SUSTAINABLE GROWTH TIGHT MONETARY POLICY TRADE REGIME TRANSITION ECONOMIES TRANSPARENCY TREASURY BILLS UNEMPLOYMENT VALUE ADDED VOTERS WAGES WHOLESALE PRICES 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. 2013-08-28T20:19:06Z 2013-08-28T20:19:06Z 2001-11-30 http://documents.worldbank.org/curated/en/2001/11/1631762/armenia-growth-challenges-government-policies-vol-2-2-main-report http://hdl.handle.net/10986/15451 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 |