Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset

The lessons learned from the implications of the global crisis for the Armenian economy led the Government of Armenia to refine its approach to economic development policy. The business environment, the market structure, and the incentive pattern h...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	TARIFFS RISKS CAPITAL MARKETS REGULATORY FRAMEWORK FISH ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT MARKET DISTORTIONS INCOME INTEREST ECONOMIC CONSEQUENCES PRODUCERS INTEREST RATE PROPERTY RIGHTS FINANCIAL RESOURCES GDP PER CAPITA MACROECONOMIC POLICY RESOURCE ALLOCATION LABOR FORCE EXPORTS POLITICAL ECONOMY REVENUES ECONOMIC STRUCTURE PORTFOLIO BONDS INCENTIVES MARKET INSTRUMENTS CAPACITY BUILDING EQUILIBRIUM MODELS MERGERS PRIVATE PROPERTY INPUTS SUSTAINABLE DEVELOPMENT WEALTH OLIGOPOLY DEVELOPED COUNTRIES CENTRAL BANK ECONOMIC ACTIVITY DEVELOPMENT EXPLOITATION SAVINGS ARABLE LAND TECHNICAL ASSISTANCE ECONOMIC MECHANISMS COSTS OIL CROWDING OUT EXPORT GROWTH NATURAL CAPITAL CAPITAL FORMATION DEVELOPMENT STRATEGIES FIXED COSTS EXCHANGE RATES PRODUCTIVITY OPTIONS INTEREST RATES EXTERNALITIES FAILURES CRITERIA DEBT MARKETS DISEQUILIBRIUM PRODUCTION TECHNOLOGY FORESTRY INCOME LEVELS REAL INTEREST RATE NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS SUBSIDIES CERTAIN EXTENT EFFICIENCY FOOD PRODUCTION TAXES OPTION VALUE RESOURCES UNEMPLOYMENT POTENTIAL INVESTORS EQUITY PRODUCTIVITY GROWTH GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL VALUE ADDED ECONOMIC IMPACT CAPITAL WAGES TRANSPARENCY VALUES ECONOMIC RESOURCES COMPLIANCE COSTS MARKET PRICES VALUE ECONOMIC VALUE COMPETITIVENESS CREDIT TREASURY BILLS QUALITY STANDARDS DEVELOPMENT STRATEGY PATENTS DEMAND MINES SUSTAINABLE GROWTH ECONOMIES OF SCOPE AGRICULTURE CONSUMERS ECONOMY EXPENDITURES PUBLIC GOVERNANCE PROPERTY CORPORATE TAXES TAX RATES ASSETS ENVIRONMENT T-BILLS BENCHMARK ECONOMIC COMPETITIVENESS ECONOMICS MARKET COMPETITION TAX REVENUE OVERHEAD COSTS ECONOMIC DEVELOPMENT TRADE GDP GOODS LAND ECONOMIES OF SCALE GROWTH RATE ECONOMIC EXPANSION INVESTMENT GROWTH POLICY COMMERCIAL BANKS COMPARATIVE ADVANTAGE PUBLIC PARTICIPATION COAL COMPETITIVE ADVANTAGE ECONOMIC INITIATIVES MARKET POWER REVENUE HIGH UNEMPLOYMENT SCIENTIFIC RESEARCH RECYCLING GROWTH POLICIES DEVELOPMENT AGENCY PROFITS POLICY INSTRUMENTS ENVIRONMENTAL OUTCOMES FINANCIAL SECTOR GROWTH POTENTIAL PRICES NEGATIVE EXTERNALITIES CONSUMER PROTECTION ECONOMIES DEVELOPMENT POLICY COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24655643/armenia-export-led-industrial-development-strategy-implementation-review-recommendations-new-toolset http://hdl.handle.net/10986/22273

id	okr-10986-22273
recordtype	oai_dc
spelling	okr-10986-222732021-04-23T14:04:07Z Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset World Bank TARIFFS RISKS CAPITAL MARKETS REGULATORY FRAMEWORK FISH ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT MARKET DISTORTIONS INCOME INTEREST ECONOMIC CONSEQUENCES PRODUCERS INTEREST RATE PROPERTY RIGHTS FINANCIAL RESOURCES GDP PER CAPITA MACROECONOMIC POLICY RESOURCE ALLOCATION LABOR FORCE EXPORTS POLITICAL ECONOMY REVENUES ECONOMIC STRUCTURE PORTFOLIO BONDS INCENTIVES MARKET INSTRUMENTS CAPACITY BUILDING EQUILIBRIUM MODELS MERGERS PRIVATE PROPERTY INPUTS SUSTAINABLE DEVELOPMENT WEALTH OLIGOPOLY DEVELOPED COUNTRIES CENTRAL BANK ECONOMIC ACTIVITY DEVELOPMENT EXPLOITATION SAVINGS ARABLE LAND TECHNICAL ASSISTANCE ECONOMIC MECHANISMS COSTS OIL CROWDING OUT EXPORT GROWTH NATURAL CAPITAL CAPITAL FORMATION DEVELOPMENT STRATEGIES FIXED COSTS EXCHANGE RATES PRODUCTIVITY OPTIONS INTEREST RATES EXTERNALITIES FAILURES CRITERIA DEBT MARKETS DISEQUILIBRIUM PRODUCTION TECHNOLOGY FORESTRY INCOME LEVELS REAL INTEREST RATE NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS SUBSIDIES CERTAIN EXTENT EFFICIENCY FOOD PRODUCTION TAXES OPTION VALUE RESOURCES UNEMPLOYMENT POTENTIAL INVESTORS EQUITY PRODUCTIVITY GROWTH GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL VALUE ADDED ECONOMIC IMPACT CAPITAL WAGES TRANSPARENCY VALUES ECONOMIC RESOURCES COMPLIANCE COSTS MARKET PRICES VALUE ECONOMIC VALUE COMPETITIVENESS CREDIT TREASURY BILLS QUALITY STANDARDS DEVELOPMENT STRATEGY PATENTS DEMAND MINES SUSTAINABLE GROWTH ECONOMIES OF SCOPE AGRICULTURE CONSUMERS ECONOMY EXPENDITURES PUBLIC GOVERNANCE PROPERTY CORPORATE TAXES TAX RATES ASSETS ENVIRONMENT T-BILLS BENCHMARK ECONOMIC COMPETITIVENESS ECONOMICS MARKET COMPETITION TAX REVENUE OVERHEAD COSTS ECONOMIC DEVELOPMENT TRADE GDP GOODS LAND ECONOMIES OF SCALE GROWTH RATE ECONOMIC EXPANSION INVESTMENT GROWTH POLICY COMMERCIAL BANKS COMPARATIVE ADVANTAGE PUBLIC PARTICIPATION COAL COMPETITIVE ADVANTAGE ECONOMIC INITIATIVES MARKET POWER REVENUE HIGH UNEMPLOYMENT SCIENTIFIC RESEARCH RECYCLING GROWTH POLICIES DEVELOPMENT AGENCY PROFITS POLICY INSTRUMENTS ENVIRONMENTAL OUTCOMES FINANCIAL SECTOR GROWTH POTENTIAL PRICES NEGATIVE EXTERNALITIES CONSUMER PROTECTION ECONOMIES DEVELOPMENT POLICY COMPETITION The lessons learned from the implications of the global crisis for the Armenian economy led the Government of Armenia to refine its approach to economic development policy. The business environment, the market structure, and the incentive pattern had not fostered reallocation of resources into more productive areas or the emergence of internationally competitive products and services. Despite numerous initiatives and multiple efforts, there was no holistic approach or actionable roadmap for supporting private sector development. The pressing need to restore economic growth despite a small domestic market led the Armenian government to search for new sources of growth in export-oriented industries. At the end of 2011, the Government of Armenia adopted its export-led industrial development strategy. The strategy set as targets improving the general business environment and sector-specific initiatives to address market failures and expand exports. The strategy builds on both a general (crosscutting) and an industry-customized toolset. 2015-07-21T21:14:36Z 2015-07-21T21:14:36Z 2015-06 Report http://documents.worldbank.org/curated/en/2015/06/24655643/armenia-export-led-industrial-development-strategy-implementation-review-recommendations-new-toolset http://hdl.handle.net/10986/22273 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: PSD, Privatization and Industrial Policy Europe and Central Asia Armenia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	TARIFFS RISKS CAPITAL MARKETS REGULATORY FRAMEWORK FISH ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT MARKET DISTORTIONS INCOME INTEREST ECONOMIC CONSEQUENCES PRODUCERS INTEREST RATE PROPERTY RIGHTS FINANCIAL RESOURCES GDP PER CAPITA MACROECONOMIC POLICY RESOURCE ALLOCATION LABOR FORCE EXPORTS POLITICAL ECONOMY REVENUES ECONOMIC STRUCTURE PORTFOLIO BONDS INCENTIVES MARKET INSTRUMENTS CAPACITY BUILDING EQUILIBRIUM MODELS MERGERS PRIVATE PROPERTY INPUTS SUSTAINABLE DEVELOPMENT WEALTH OLIGOPOLY DEVELOPED COUNTRIES CENTRAL BANK ECONOMIC ACTIVITY DEVELOPMENT EXPLOITATION SAVINGS ARABLE LAND TECHNICAL ASSISTANCE ECONOMIC MECHANISMS COSTS OIL CROWDING OUT EXPORT GROWTH NATURAL CAPITAL CAPITAL FORMATION DEVELOPMENT STRATEGIES FIXED COSTS EXCHANGE RATES PRODUCTIVITY OPTIONS INTEREST RATES EXTERNALITIES FAILURES CRITERIA DEBT MARKETS DISEQUILIBRIUM PRODUCTION TECHNOLOGY FORESTRY INCOME LEVELS REAL INTEREST RATE NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS SUBSIDIES CERTAIN EXTENT EFFICIENCY FOOD PRODUCTION TAXES OPTION VALUE RESOURCES UNEMPLOYMENT POTENTIAL INVESTORS EQUITY PRODUCTIVITY GROWTH GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL VALUE ADDED ECONOMIC IMPACT CAPITAL WAGES TRANSPARENCY VALUES ECONOMIC RESOURCES COMPLIANCE COSTS MARKET PRICES VALUE ECONOMIC VALUE COMPETITIVENESS CREDIT TREASURY BILLS QUALITY STANDARDS DEVELOPMENT STRATEGY PATENTS DEMAND MINES SUSTAINABLE GROWTH ECONOMIES OF SCOPE AGRICULTURE CONSUMERS ECONOMY EXPENDITURES PUBLIC GOVERNANCE PROPERTY CORPORATE TAXES TAX RATES ASSETS ENVIRONMENT T-BILLS BENCHMARK ECONOMIC COMPETITIVENESS ECONOMICS MARKET COMPETITION TAX REVENUE OVERHEAD COSTS ECONOMIC DEVELOPMENT TRADE GDP GOODS LAND ECONOMIES OF SCALE GROWTH RATE ECONOMIC EXPANSION INVESTMENT GROWTH POLICY COMMERCIAL BANKS COMPARATIVE ADVANTAGE PUBLIC PARTICIPATION COAL COMPETITIVE ADVANTAGE ECONOMIC INITIATIVES MARKET POWER REVENUE HIGH UNEMPLOYMENT SCIENTIFIC RESEARCH RECYCLING GROWTH POLICIES DEVELOPMENT AGENCY PROFITS POLICY INSTRUMENTS ENVIRONMENTAL OUTCOMES FINANCIAL SECTOR GROWTH POTENTIAL PRICES NEGATIVE EXTERNALITIES CONSUMER PROTECTION ECONOMIES DEVELOPMENT POLICY COMPETITION
spellingShingle	TARIFFS RISKS CAPITAL MARKETS REGULATORY FRAMEWORK FISH ECONOMIC GROWTH PRODUCTION POLICY ENVIRONMENT MARKET DISTORTIONS INCOME INTEREST ECONOMIC CONSEQUENCES PRODUCERS INTEREST RATE PROPERTY RIGHTS FINANCIAL RESOURCES GDP PER CAPITA MACROECONOMIC POLICY RESOURCE ALLOCATION LABOR FORCE EXPORTS POLITICAL ECONOMY REVENUES ECONOMIC STRUCTURE PORTFOLIO BONDS INCENTIVES MARKET INSTRUMENTS CAPACITY BUILDING EQUILIBRIUM MODELS MERGERS PRIVATE PROPERTY INPUTS SUSTAINABLE DEVELOPMENT WEALTH OLIGOPOLY DEVELOPED COUNTRIES CENTRAL BANK ECONOMIC ACTIVITY DEVELOPMENT EXPLOITATION SAVINGS ARABLE LAND TECHNICAL ASSISTANCE ECONOMIC MECHANISMS COSTS OIL CROWDING OUT EXPORT GROWTH NATURAL CAPITAL CAPITAL FORMATION DEVELOPMENT STRATEGIES FIXED COSTS EXCHANGE RATES PRODUCTIVITY OPTIONS INTEREST RATES EXTERNALITIES FAILURES CRITERIA DEBT MARKETS DISEQUILIBRIUM PRODUCTION TECHNOLOGY FORESTRY INCOME LEVELS REAL INTEREST RATE NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS SUBSIDIES CERTAIN EXTENT EFFICIENCY FOOD PRODUCTION TAXES OPTION VALUE RESOURCES UNEMPLOYMENT POTENTIAL INVESTORS EQUITY PRODUCTIVITY GROWTH GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL VALUE ADDED ECONOMIC IMPACT CAPITAL WAGES TRANSPARENCY VALUES ECONOMIC RESOURCES COMPLIANCE COSTS MARKET PRICES VALUE ECONOMIC VALUE COMPETITIVENESS CREDIT TREASURY BILLS QUALITY STANDARDS DEVELOPMENT STRATEGY PATENTS DEMAND MINES SUSTAINABLE GROWTH ECONOMIES OF SCOPE AGRICULTURE CONSUMERS ECONOMY EXPENDITURES PUBLIC GOVERNANCE PROPERTY CORPORATE TAXES TAX RATES ASSETS ENVIRONMENT T-BILLS BENCHMARK ECONOMIC COMPETITIVENESS ECONOMICS MARKET COMPETITION TAX REVENUE OVERHEAD COSTS ECONOMIC DEVELOPMENT TRADE GDP GOODS LAND ECONOMIES OF SCALE GROWTH RATE ECONOMIC EXPANSION INVESTMENT GROWTH POLICY COMMERCIAL BANKS COMPARATIVE ADVANTAGE PUBLIC PARTICIPATION COAL COMPETITIVE ADVANTAGE ECONOMIC INITIATIVES MARKET POWER REVENUE HIGH UNEMPLOYMENT SCIENTIFIC RESEARCH RECYCLING GROWTH POLICIES DEVELOPMENT AGENCY PROFITS POLICY INSTRUMENTS ENVIRONMENTAL OUTCOMES FINANCIAL SECTOR GROWTH POTENTIAL PRICES NEGATIVE EXTERNALITIES CONSUMER PROTECTION ECONOMIES DEVELOPMENT POLICY COMPETITION World Bank Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset
geographic_facet	Europe and Central Asia Armenia
description	The lessons learned from the implications of the global crisis for the Armenian economy led the Government of Armenia to refine its approach to economic development policy. The business environment, the market structure, and the incentive pattern had not fostered reallocation of resources into more productive areas or the emergence of internationally competitive products and services. Despite numerous initiatives and multiple efforts, there was no holistic approach or actionable roadmap for supporting private sector development. The pressing need to restore economic growth despite a small domestic market led the Armenian government to search for new sources of growth in export-oriented industries. At the end of 2011, the Government of Armenia adopted its export-led industrial development strategy. The strategy set as targets improving the general business environment and sector-specific initiatives to address market failures and expand exports. The strategy builds on both a general (crosscutting) and an industry-customized toolset.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset
title_short	Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset
title_full	Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset
title_fullStr	Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset
title_full_unstemmed	Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset
title_sort	republic of armenia export-led industrial development strategy : implementation review and recommendations on new toolset
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/06/24655643/armenia-export-led-industrial-development-strategy-implementation-review-recommendations-new-toolset http://hdl.handle.net/10986/22273
_version_	1764450676418543616

Republic of Armenia Export-led Industrial Development Strategy : Implementation Review and Recommendations on New Toolset

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