Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia

Critical Connections examines how trade, investment, migration, and other linkages among countries drive economic growth in the Europe and Central Asia region. The study breaks new ground by using a multidimensional approach that recognizes how each connectivity channel for growth is likely to be af...

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Bibliographic Details
Main Author:	Gould, David Michael
Format:	Book
Language:	English
Published:	Washington, DC: World Bank 2018
Subjects:	NETWORKS TRADE MIGRATION FDI CONNECTIVITY GROWTH PRODUCTIVITY RESILIENCE SHOCKS
Online Access:	http://hdl.handle.net/10986/30245

id	okr-10986-30245
recordtype	oai_dc
spelling	okr-10986-302452021-04-23T14:04:57Z Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia Gould, David Michael NETWORKS TRADE MIGRATION FDI CONNECTIVITY GROWTH PRODUCTIVITY RESILIENCE SHOCKS Critical Connections examines how trade, investment, migration, and other linkages among countries drive economic growth in the Europe and Central Asia region. The study breaks new ground by using a multidimensional approach that recognizes how each connectivity channel for growth is likely to be affected by the strength of other channels. This multidimensional view makes it easier to see that diversity in country connections and balance in all channels of connectivity are critical for achieving the greatest impact on growth. Europe and Central Asia provides a great laboratory for observing the role of multidimensional connectivity in action. The region’s 30 countries vary widely in the openness of their economies. Its collective experience shows how the various elements of cross-border connectivity work together to accelerate progrowth knowledge transfers, which in turn boost productivity through participation in today’s global value chains. A country’s economic partner might be just as important as the type of connection. Being well connected to highly connected countries can provide benefits beyond being well connected to comparatively isolated countries. Although greater connectivity can expose countries to external shocks, the report presents fact-based argument for policies that seek to build deeper and more diverse connections within the Europe and Central Asia region and globally. The message is timely. Europe’s once-confident march toward economic integration has slowed over the past decade, with voices in many countries questioning the wisdom of opening to the global economy. Critical Connections serves as a reminder to citizens and policy makers that greater regional and global connectivity has been a tremendous “convergence machine,” raising living standards of lower-income countries toward those of wealthier middle- to high-income countries. 2018-08-16T19:45:50Z 2018-08-16T19:45:50Z 2018-09-05 Book 978-1-4648-1157-9 http://hdl.handle.net/10986/30245 English Europe and Central Asia Studies; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Europe and Central Asia Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	NETWORKS TRADE MIGRATION FDI CONNECTIVITY GROWTH PRODUCTIVITY RESILIENCE SHOCKS
spellingShingle	NETWORKS TRADE MIGRATION FDI CONNECTIVITY GROWTH PRODUCTIVITY RESILIENCE SHOCKS Gould, David Michael Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia
geographic_facet	Europe and Central Asia Europe and Central Asia
relation	Europe and Central Asia Studies;
description	Critical Connections examines how trade, investment, migration, and other linkages among countries drive economic growth in the Europe and Central Asia region. The study breaks new ground by using a multidimensional approach that recognizes how each connectivity channel for growth is likely to be affected by the strength of other channels. This multidimensional view makes it easier to see that diversity in country connections and balance in all channels of connectivity are critical for achieving the greatest impact on growth. Europe and Central Asia provides a great laboratory for observing the role of multidimensional connectivity in action. The region’s 30 countries vary widely in the openness of their economies. Its collective experience shows how the various elements of cross-border connectivity work together to accelerate progrowth knowledge transfers, which in turn boost productivity through participation in today’s global value chains. A country’s economic partner might be just as important as the type of connection. Being well connected to highly connected countries can provide benefits beyond being well connected to comparatively isolated countries. Although greater connectivity can expose countries to external shocks, the report presents fact-based argument for policies that seek to build deeper and more diverse connections within the Europe and Central Asia region and globally. The message is timely. Europe’s once-confident march toward economic integration has slowed over the past decade, with voices in many countries questioning the wisdom of opening to the global economy. Critical Connections serves as a reminder to citizens and policy makers that greater regional and global connectivity has been a tremendous “convergence machine,” raising living standards of lower-income countries toward those of wealthier middle- to high-income countries.
format	Book
author	Gould, David Michael
author_facet	Gould, David Michael
author_sort	Gould, David Michael
title	Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia
title_short	Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia
title_full	Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia
title_fullStr	Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia
title_full_unstemmed	Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia
title_sort	critical connections : promoting economic growth and resilience in europe and central asia
publisher	Washington, DC: World Bank
publishDate	2018
url	http://hdl.handle.net/10986/30245
_version_	1764471514840694784

Critical Connections : Promoting Economic Growth and Resilience in Europe and Central Asia

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