EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU
The European Union (EU) Regular Economic Report (RER), is an annual publication of the World Bank Group and covers economic developments, prospects, and economic policies in the European Union. The report finds that while growth is back on track, t...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/892301518703739733/EU-Regular-Economic-Report-Thinking-CAP-Supporting-Agricultural-Jobs-and-Incomes-in-the-EU http://hdl.handle.net/10986/29381 |
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okr-10986-293812021-05-25T09:11:37Z EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU World Bank Group AGRICULTURE SUPPORT FOR AGRICULTURE AGRICULTURE SUBSIDIES POVERTY REDUCTION FARM LABOR INCLUSIVE GROWTH COMMON AGRICULTURAL POLICY CAP The European Union (EU) Regular Economic Report (RER), is an annual publication of the World Bank Group and covers economic developments, prospects, and economic policies in the European Union. The report finds that while growth is back on track, the bottom 40 percent of the income distribution is lagging behind in the EU’s recovery. This is likely caused by the interaction between involuntary increases in part-time work, technological change, a decline in the bargaining power of labor, an ageing population and weak overall productivity growth. However, absolute poverty (estimated using a poverty line defined specifically for this report) should continue to fall in Europe, driven by strong poverty reduction in central Europe. The special section of this Regular Economic Report assesses the impact of the Common Agricultural Policy on inclusive growth - past and present. The report argues that the process of structural transformation in the EU is largely on track, with the decoupled and non-market distorting components of the CAP playing a positive role in the reduction of poverty and the creation of better jobs for farmers. The gap between agricultural incomes and incomes in other sectors is also closing, while across the EU agricultural incomes are converging with each other. The successful transformers, about half of the Member States, have turned agriculture into a key sector for shared prosperity in rural areas: agriculture is no longer associated with poverty. The other half—the incomplete transformers—still have some way to go, which includes ensuring that the basic conditions for agriculture to thrive are in place: roads, advisory services, secure property rights, and access to health and education. This will ensure a more efficient use of CAP resources. 2018-02-27T19:07:39Z 2018-02-27T19:07:39Z 2018-02-19 Report http://documents.worldbank.org/curated/en/892301518703739733/EU-Regular-Economic-Report-Thinking-CAP-Supporting-Agricultural-Jobs-and-Incomes-in-the-EU http://hdl.handle.net/10986/29381 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work European Union |
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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 |
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English |
| topic |
AGRICULTURE SUPPORT FOR AGRICULTURE AGRICULTURE SUBSIDIES POVERTY REDUCTION FARM LABOR INCLUSIVE GROWTH COMMON AGRICULTURAL POLICY CAP |
| spellingShingle |
AGRICULTURE SUPPORT FOR AGRICULTURE AGRICULTURE SUBSIDIES POVERTY REDUCTION FARM LABOR INCLUSIVE GROWTH COMMON AGRICULTURAL POLICY CAP World Bank Group EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU |
| geographic_facet |
European Union |
| description |
The European Union (EU) Regular Economic
Report (RER), is an annual publication of the World Bank
Group and covers economic developments, prospects, and
economic policies in the European Union. The report finds
that while growth is back on track, the bottom 40 percent of
the income distribution is lagging behind in the EU’s
recovery. This is likely caused by the interaction between
involuntary increases in part-time work, technological
change, a decline in the bargaining power of labor, an
ageing population and weak overall productivity growth.
However, absolute poverty (estimated using a poverty line
defined specifically for this report) should continue to
fall in Europe, driven by strong poverty reduction in
central Europe. The special section of this Regular Economic
Report assesses the impact of the Common Agricultural Policy
on inclusive growth - past and present. The report argues
that the process of structural transformation in the EU is
largely on track, with the decoupled and non-market
distorting components of the CAP playing a positive role in
the reduction of poverty and the creation of better jobs for
farmers. The gap between agricultural incomes and incomes in
other sectors is also closing, while across the EU
agricultural incomes are converging with each other. The
successful transformers, about half of the Member States,
have turned agriculture into a key sector for shared
prosperity in rural areas: agriculture is no longer
associated with poverty. The other half—the incomplete
transformers—still have some way to go, which includes
ensuring that the basic conditions for agriculture to thrive
are in place: roads, advisory services, secure property
rights, and access to health and education. This will ensure
a more efficient use of CAP resources. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU |
| title_short |
EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU |
| title_full |
EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU |
| title_fullStr |
EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU |
| title_full_unstemmed |
EU Regular Economic Report 4 : Thinking CAP - Supporting Agricultural Jobs and Incomes in the EU |
| title_sort |
eu regular economic report 4 : thinking cap - supporting agricultural jobs and incomes in the eu |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/892301518703739733/EU-Regular-Economic-Report-Thinking-CAP-Supporting-Agricultural-Jobs-and-Incomes-in-the-EU http://hdl.handle.net/10986/29381 |
| _version_ |
1764469204717666304 |