Uganda - Moving Beyond Recovery : Investment and Behavior Change, For Growth, Volume 1. Summary and Recommendations

Uganda - Moving Beyond Recovery : Investment and Behavior Change, For Growth, Volume 1. Summary and Recommendations

In 2006 most of the people of Uganda, with the notable exception of those in the conflict-blighted Northern Region, enjoy a better quality of life and brighter opportunities in a stable and growing economy. Uganda's economy has bounced back be...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ABSENTEEISM ACCESS TO CREDIT ACCESSIBILITY ACCOUNTABILITY ACCOUNTING ADVERSE SELECTION AGRICULTURAL OUTPUT AGRICULTURE AIR AIR CARGO AIRPORTS AVERAGE GROWTH AVERAGE PRODUCTIVITY BANK LENDING BANKING REFORM BANKING SECTOR BANKING SYSTEM BANKS BENCHMARK BOTTLENECKS BUDGETARY PROCESSES CAPITAL GOODS CAPITAL GROWTH CAPITAL INVESTMENT CAPITAL SUBSIDIES COMMODITIES COMMODITY COMPARATIVE ADVANTAGE COMPETITIVENESS CONGESTION CONSOLIDATION CONSUMER CONTRACT ENFORCEMENT CONTRIBUTIONS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DECISION MAKING DEPOSIT DEPOSITS DEPRECIATION DEVELOPMENT AGENCIES DEVELOPMENT ASSISTANCE DIMINISHING RETURNS DIRECT INVESTMENT DISPOSABLE INCOMES DIVERSIFICATION DOMESTIC GOODS DRIVING DROUGHT DROUGHTS EARNINGS ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC REFORM EMPLOYMENT ENVIRONMENTAL DEGRADATION EQUIPMENT EXCHANGE RATE EXPENDITURE EXPORT COMPETITIVENESS EXPORTERS EXPORTS EXTENSION SERVICES EXTERNAL SHOCKS EXTERNAL TRANSPORT EXTERNALITIES FAIR TRADING FARES FARM INCOMES FINANCIAL INTERMEDIATION FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL STABILITY FINANCIAL SUPPORT FISCAL SUSTAINABILITY FOREIGN DIRECT INVESTMENT FREIGHT FREIGHT COSTS FUEL FUEL COSTS FUEL PRICES FUTURE GROWTH GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH THEORIES HEALTH SERVICES HIGH ENERGY HIGH TRANSPORT HOUSING HUMAN CAPITAL HUMAN RESOURCE IMPORT COSTS INCOME GROWTH INDIRECT COSTS INEFFICIENCY INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSPECTION INSURANCE INTEREST RATE INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL FREIGHT TRANSPORT INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT FINANCING INVESTMENT RATES INVESTMENT REQUIREMENTS INVESTMENT RETURNS JOURNEY LABOR FORCE LABOR MARKET LABOR MARKETS LAND TRANSPORT LARGE FIRMS LEVEL PLAYING FIELD LOWER INCOMES MARKET ANALYSIS MARKET CONDITIONS MARKET DEMAND MARKET DEMANDS MARKET FAILURES MARKETING MIGRATION MONOPOLY NATIONAL INCOME NATURAL RESOURCES OPPORTUNITY COSTS OVERHEAD COSTS PEDESTRIAN PENSION PENSION REFORM PER CAPITA INCOME PER CAPITA INCOMES POLITICAL STABILITY POPULATION DENSITY POPULATION GROWTH PRICE VOLATILITY PRIMARY EDUCATION PRIVATE CAPITAL PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR PRODUCTIVITY PRIVATIZATION PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PROSPERITY PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC OWNERSHIP PUBLIC POLICIES PUBLIC POLICY PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC WORKS RAIL RAIL LINK RAIL SERVICES RAIL TRANSPORTATION RAILROAD RAILWAY RAILWAY NETWORK RAILWAYS RAPID DEMOGRAPHIC TRANSITION RAPID GROWTH RAPID POPULATION GROWTH REAL GDP REGULATORY FRAMEWORK REMITTANCES RENT SEEKING RESETTLEMENT RESOURCE MANAGEMENT RETURN RISK AVERSION RISK MANAGEMENT ROAD ROAD NETWORK ROAD TRANSPORT ROADS RURAL FINANCE RURAL INFRASTRUCTURE RURAL ROADS RURAL TRANSPORT SAFETY SAFETY NET SAFETY NETS SALES SAVINGS SAVINGS RATES SECONDARY EDUCATION SECONDARY SCHOOLS SOCIAL SERVICES SOCIAL WELFARE SOFT LOANS STOCKS TAX TAX EXEMPTIONS TAX INCENTIVES TAX RATES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE BALANCE TRADE DEFICIT TRAFFIC TRANSPORT TRANSPORT CORRIDORS TRANSPORT COSTS TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT MODES TRANSPORT OPERATORS TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION SERVICES TRUCKS TRUE TRUST FUNDS UNEMPLOYED URBANIZATION VALUABLE VEHICLE VEHICLE OPERATING VEHICLE OPERATING COSTS WATER SUPPLY WEALTH WITHDRAWAL WORLD MARKETS WORTH
Online Access:	http://documents.worldbank.org/curated/en/2007/09/8828734/uganda-moving-beyond-recovery-investment-behavior-change-growth-vol-1-2-summary-recommendations http://hdl.handle.net/10986/7576

Description
Summary:	In 2006 most of the people of Uganda, with the notable exception of those in the conflict-blighted Northern Region, enjoy a better quality of life and brighter opportunities in a stable and growing economy. Uganda's economy has bounced back beyond what could be regarded as recovery, with real incomes per person now exceeding the levels reached at Independence in 1962. The report structure is as follows: volume one synthesizes the conclusions from analysis in Volume two. In Chapter 1 of Volume two, emphasis is placed on understanding what drove past growth at macro and sector levels, and in particular, on how Uganda's firms and farms have evolved. Chapter 2 continues the retrospective of past growth in agriculture, the most important sector of the economy. The report provides a comprehensive review of growth trends in agriculture, using several data sources. The chapter provides fresh insights on recent trends in poverty and inequality. Chapter 3 presents growth diagnosis and it identifies short-term actions to remove emerging constraints to present and near-term future growth. Chapter 4 models alternative future growth paths and the impact o f alternative public investments on growth using a SAM-based CGE model. The analysis reveals there is little to be gained from 'robbing Peter to pay Paul' for example fixing infrastructure by reducing education financing. Chapters 6 and 7 return to the short-term priorities to remove binding constraints to growth, and put meat on the actions identified in Chapter 3 as being required in the financial sector (Chapter 6) and in infrastructure (Chapter 7). Finally, Chapter 8 ends by assessing the scope for an externally financed scale up of infrastructure.

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