Republic of Yemen : Unlocking the Potential for Economic Growth
Part one of the report provides an overview of the economy. It has one chapter (chapter one), which provides an overview of the country’s growth and macroeconomic performance and challenges and analyzes and emphasizes the limited dynamism of a rent...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2015/12/25721392/yemen-republic-unlocking-potential-economic-growth http://hdl.handle.net/10986/23660 |
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okr-10986-23660 |
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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 |
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World Bank |
| language |
English en_US |
| topic |
TARIFFS FISH ECONOMIC INCENTIVES UNEMPLOYMENT RATES AVERAGE COSTS GOVERNMENT EXPENDITURES ECONOMIC GROWTH TECHNOLOGICAL PROGRESS RENEWABLE RESOURCES MARKET DISTORTIONS CARBON AGRICULTURAL PRODUCTION EXPECTATIONS PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES LABOR FORCE POLITICAL ECONOMY REVENUES ECONOMIC PROBLEMS SUSTAINABLE MANAGEMENT INCENTIVES EQUILIBRIUM MODELS COMMON GOOD SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT OLIGOPOLY AUDITS RESOURCE USE ECONOMIC ACTIVITY EXPLOITATION OIL PRICES ARABLE LAND LABOR COSTS WATER PRICING CROWDING OUT OIL FOOD POLICY RESEARCH POPULATION GROWTH CAPITAL FORMATION LABOR PRODUCTIVITY OPTIONS EXTERNALITIES QUOTAS SUSTAINABLE WATER DEBT LAND DEGRADATION POLLUTION FISHERY MANAGEMENT FORESTRY TECHNOLOGY TRANSFERS ECONOMIC POLICIES DEMOGRAPHIC GROWTH NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY FISHING RANGELANDS TAXES LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION ECONOMIC REGULATIONS DEMOGRAPHIC TRANSITION POTENTIAL INVESTORS PRODUCTIVITY GROWTH CONSUMPTION RURAL COMMUNITIES WAGES CLIMATE CHANGE VALUES MARKET PRICES ECONOMIC VALUE IMMUNITY POLICY MAKERS CREDIT PURCHASING POWER DEMAND SUSTAINABLE USE NATIONAL INCOME PUBLIC EXPENDITURES ELECTRICITY GENERATION INTERMEDIATE GOODS EXPENDITURES PROPERTY PHYSICAL DESTRUCTION CORPORATE TAXES DECISION MAKING ECONOMIC RENTS TAX RATES OPPORTUNITY COSTS TRANSACTION COSTS ENVIRONMENT CONCEPTUAL FRAMEWORK ECONOMIC SITUATION ECONOMICS CAPITAL GOODS FISHERIES ECONOMIC DEVELOPMENT TRADE LAND ECONOMIES OF SCALE OIL REFINERIES COMMERCIAL BANKS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS SUSTAINABLE EXPLOITATION POLLUTION CHARGES ECONOMIC INITIATIVES OIL RESERVES REVENUE HIGH UNEMPLOYMENT RECYCLING PROFITS ENVIRONMENTAL LABOR MARKETS PUBLIC GOOD DEMOGRAPHICS FISHERS PRICES NEGATIVE EXTERNALITIES OIL SECTOR PRODUCTION COSTS ECONOMIES PUBLIC GOODS COMPETITION |
| spellingShingle |
TARIFFS FISH ECONOMIC INCENTIVES UNEMPLOYMENT RATES AVERAGE COSTS GOVERNMENT EXPENDITURES ECONOMIC GROWTH TECHNOLOGICAL PROGRESS RENEWABLE RESOURCES MARKET DISTORTIONS CARBON AGRICULTURAL PRODUCTION EXPECTATIONS PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES LABOR FORCE POLITICAL ECONOMY REVENUES ECONOMIC PROBLEMS SUSTAINABLE MANAGEMENT INCENTIVES EQUILIBRIUM MODELS COMMON GOOD SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT OLIGOPOLY AUDITS RESOURCE USE ECONOMIC ACTIVITY EXPLOITATION OIL PRICES ARABLE LAND LABOR COSTS WATER PRICING CROWDING OUT OIL FOOD POLICY RESEARCH POPULATION GROWTH CAPITAL FORMATION LABOR PRODUCTIVITY OPTIONS EXTERNALITIES QUOTAS SUSTAINABLE WATER DEBT LAND DEGRADATION POLLUTION FISHERY MANAGEMENT FORESTRY TECHNOLOGY TRANSFERS ECONOMIC POLICIES DEMOGRAPHIC GROWTH NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY FISHING RANGELANDS TAXES LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION ECONOMIC REGULATIONS DEMOGRAPHIC TRANSITION POTENTIAL INVESTORS PRODUCTIVITY GROWTH CONSUMPTION RURAL COMMUNITIES WAGES CLIMATE CHANGE VALUES MARKET PRICES ECONOMIC VALUE IMMUNITY POLICY MAKERS CREDIT PURCHASING POWER DEMAND SUSTAINABLE USE NATIONAL INCOME PUBLIC EXPENDITURES ELECTRICITY GENERATION INTERMEDIATE GOODS EXPENDITURES PROPERTY PHYSICAL DESTRUCTION CORPORATE TAXES DECISION MAKING ECONOMIC RENTS TAX RATES OPPORTUNITY COSTS TRANSACTION COSTS ENVIRONMENT CONCEPTUAL FRAMEWORK ECONOMIC SITUATION ECONOMICS CAPITAL GOODS FISHERIES ECONOMIC DEVELOPMENT TRADE LAND ECONOMIES OF SCALE OIL REFINERIES COMMERCIAL BANKS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS SUSTAINABLE EXPLOITATION POLLUTION CHARGES ECONOMIC INITIATIVES OIL RESERVES REVENUE HIGH UNEMPLOYMENT RECYCLING PROFITS ENVIRONMENTAL LABOR MARKETS PUBLIC GOOD DEMOGRAPHICS FISHERS PRICES NEGATIVE EXTERNALITIES OIL SECTOR PRODUCTION COSTS ECONOMIES PUBLIC GOODS COMPETITION World Bank Republic of Yemen : Unlocking the Potential for Economic Growth |
| geographic_facet |
Yemen, Republic of |
| description |
Part one of the report provides an
overview of the economy. It has one chapter (chapter one),
which provides an overview of the country’s growth and
macroeconomic performance and challenges and analyzes and
emphasizes the limited dynamism of a rent- and
hydrocarbon-cursed economy. Part II describes cross-cutting
issues that constrain policy implementation, regardless of
the sectors where they occur. In chapter two, the report
draws on material outlined in the rest of the report to
argue that the policy problems that undermine the country’s
development can be linked directly to political distortions
introduced by the fragmentation among the population and the
elites. While the informal elite networks are able to
block reform and aggressively continue to seek rents that
might otherwise be recycled into development, the population
is unable to exert its rights and hold the elites
accountable. Chapter three analyzes the major impediments
in the business environment. Through the analysis of the de
jure legal and regulatory business environment as well as
the enforcement of business regulations, the chapter
identifies key legal and institutional changes that can help
reduce the opportunities for rent seeking that favor
well-connected businesses. Chapter four discusses the
opportunities to maximize the benefits of the country’s
human capital by enhancing the quality of worker skills,
increasing women’s labor force participation, and
facilitating the migration of Yemenis to work in the Gulf
Cooperation Council (GCC) countries. To achieve this goal,
the Republic of Yemen needs to enhance the quality of the
education system, especially technical education and
vocational training (TEVT), and respond to the existing
demand for skilled workers. Chapter five explores the
constraints to realizing the potential of agriculture. It
argues that a key constraint on the sector is the capture of
land and water by multiple elites motivated by short-term
rent extraction, which prevents the efficient management of
these assets and therefore undermines any possibility of
sustainable development. The chapter also discusses other
constraints and weaknesses affecting the sector and proposes
legal and institutional changes that could help increase
transparency in the management of the sector. Chapter six
analyzes the prospects for growth in the oil and gas sector
and discusses key governance reforms that would help reduce
rent seeking in the sector. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Republic of Yemen : Unlocking the Potential for Economic Growth |
| title_short |
Republic of Yemen : Unlocking the Potential for Economic Growth |
| title_full |
Republic of Yemen : Unlocking the Potential for Economic Growth |
| title_fullStr |
Republic of Yemen : Unlocking the Potential for Economic Growth |
| title_full_unstemmed |
Republic of Yemen : Unlocking the Potential for Economic Growth |
| title_sort |
republic of yemen : unlocking the potential for economic growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2015/12/25721392/yemen-republic-unlocking-potential-economic-growth http://hdl.handle.net/10986/23660 |
| _version_ |
1764454463747129344 |
| spelling |
okr-10986-236602021-04-23T14:04:16Z Republic of Yemen : Unlocking the Potential for Economic Growth World Bank TARIFFS FISH ECONOMIC INCENTIVES UNEMPLOYMENT RATES AVERAGE COSTS GOVERNMENT EXPENDITURES ECONOMIC GROWTH TECHNOLOGICAL PROGRESS RENEWABLE RESOURCES MARKET DISTORTIONS CARBON AGRICULTURAL PRODUCTION EXPECTATIONS PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES LABOR FORCE POLITICAL ECONOMY REVENUES ECONOMIC PROBLEMS SUSTAINABLE MANAGEMENT INCENTIVES EQUILIBRIUM MODELS COMMON GOOD SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT OLIGOPOLY AUDITS RESOURCE USE ECONOMIC ACTIVITY EXPLOITATION OIL PRICES ARABLE LAND LABOR COSTS WATER PRICING CROWDING OUT OIL FOOD POLICY RESEARCH POPULATION GROWTH CAPITAL FORMATION LABOR PRODUCTIVITY OPTIONS EXTERNALITIES QUOTAS SUSTAINABLE WATER DEBT LAND DEGRADATION POLLUTION FISHERY MANAGEMENT FORESTRY TECHNOLOGY TRANSFERS ECONOMIC POLICIES DEMOGRAPHIC GROWTH NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY FISHING RANGELANDS TAXES LAND USE RESOURCES UNEMPLOYMENT EQUITY ENERGY CONSUMPTION ECONOMIC REGULATIONS DEMOGRAPHIC TRANSITION POTENTIAL INVESTORS PRODUCTIVITY GROWTH CONSUMPTION RURAL COMMUNITIES WAGES CLIMATE CHANGE VALUES MARKET PRICES ECONOMIC VALUE IMMUNITY POLICY MAKERS CREDIT PURCHASING POWER DEMAND SUSTAINABLE USE NATIONAL INCOME PUBLIC EXPENDITURES ELECTRICITY GENERATION INTERMEDIATE GOODS EXPENDITURES PROPERTY PHYSICAL DESTRUCTION CORPORATE TAXES DECISION MAKING ECONOMIC RENTS TAX RATES OPPORTUNITY COSTS TRANSACTION COSTS ENVIRONMENT CONCEPTUAL FRAMEWORK ECONOMIC SITUATION ECONOMICS CAPITAL GOODS FISHERIES ECONOMIC DEVELOPMENT TRADE LAND ECONOMIES OF SCALE OIL REFINERIES COMMERCIAL BANKS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS SUSTAINABLE EXPLOITATION POLLUTION CHARGES ECONOMIC INITIATIVES OIL RESERVES REVENUE HIGH UNEMPLOYMENT RECYCLING PROFITS ENVIRONMENTAL LABOR MARKETS PUBLIC GOOD DEMOGRAPHICS FISHERS PRICES NEGATIVE EXTERNALITIES OIL SECTOR PRODUCTION COSTS ECONOMIES PUBLIC GOODS COMPETITION Part one of the report provides an overview of the economy. It has one chapter (chapter one), which provides an overview of the country’s growth and macroeconomic performance and challenges and analyzes and emphasizes the limited dynamism of a rent- and hydrocarbon-cursed economy. Part II describes cross-cutting issues that constrain policy implementation, regardless of the sectors where they occur. In chapter two, the report draws on material outlined in the rest of the report to argue that the policy problems that undermine the country’s development can be linked directly to political distortions introduced by the fragmentation among the population and the elites. While the informal elite networks are able to block reform and aggressively continue to seek rents that might otherwise be recycled into development, the population is unable to exert its rights and hold the elites accountable. Chapter three analyzes the major impediments in the business environment. Through the analysis of the de jure legal and regulatory business environment as well as the enforcement of business regulations, the chapter identifies key legal and institutional changes that can help reduce the opportunities for rent seeking that favor well-connected businesses. Chapter four discusses the opportunities to maximize the benefits of the country’s human capital by enhancing the quality of worker skills, increasing women’s labor force participation, and facilitating the migration of Yemenis to work in the Gulf Cooperation Council (GCC) countries. To achieve this goal, the Republic of Yemen needs to enhance the quality of the education system, especially technical education and vocational training (TEVT), and respond to the existing demand for skilled workers. Chapter five explores the constraints to realizing the potential of agriculture. It argues that a key constraint on the sector is the capture of land and water by multiple elites motivated by short-term rent extraction, which prevents the efficient management of these assets and therefore undermines any possibility of sustainable development. The chapter also discusses other constraints and weaknesses affecting the sector and proposes legal and institutional changes that could help increase transparency in the management of the sector. Chapter six analyzes the prospects for growth in the oil and gas sector and discusses key governance reforms that would help reduce rent seeking in the sector. 2016-01-14T20:04:36Z 2016-01-14T20:04:36Z 2015-10 Report http://documents.worldbank.org/curated/en/2015/12/25721392/yemen-republic-unlocking-potential-economic-growth http://hdl.handle.net/10986/23660 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Yemen, Republic of |