Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity
Guatemala has achieved substantial progress in improving its investment climate since 2004. Despite these achievements, Guatemala continues to face significant challenges. Guatemala's overall ease of doing business ranking is still relatively...
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| Format: | Investment Climate Assessment (ICA) |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/06/10286945/guatemala-investment-climate-assessment-vol-2-2-volume-two-background-notes-productivity http://hdl.handle.net/10986/7821 |
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okr-10986-78212021-04-23T14:02:35Z Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity World Bank ABSENTEEISM ACCESS TO FINANCE ACCOUNT OWNER ASSETS AVERAGE PRODUCTIVITY BANKS BIASES BOOK VALUE CAPITAL STOCK CC COLLATERAL COMMERCIAL BANKS CONTRIBUTION CONTRIBUTIONS CORRUPTION CREDIT APPLICATIONS CREDIT LINE CURRENT ACCOUNT DEBT DIRECT INVESTMENT ECONOMETRICS ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE EMPLOYMENT EXCLUSION EXPENDITURE EXPENDITURES EXPORTS FAMILIES FEMALE WORKERS FINANCIAL INSTITUTIONS FIXED ASSETS FOREIGN DIRECT INVESTMENT GENDER INITIAL INVESTMENT INNOVATION INTERNAL FUNDS INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT LABOR REGULATIONS LARGE FIRM LARGE FIRMS LIABILITY LOAN LOAN APPLICATIONS MONOPOLY OPERATING PERMITS OPPORTUNITY COST OVERDRAFT POSITIVE EFFECTS PRICE INDEX PRIVATE BANKS PRIVATE COMMERCIAL BANKS PROBABILITY PROBABILITY MODELS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY INCREASES PUBLIC BANKS PURCHASES QUESTIONNAIRE REAL WAGES RED TAPE REGRESSION ANALYSIS REGULATORY POLICY SALES SAVINGS SAVINGS ACCOUNT SKILLED WORKERS SUPPLIERS TAX ADMINISTRATION TOTAL COSTS TRADE UNION WAGE WAGES WORKING CAPITAL Guatemala has achieved substantial progress in improving its investment climate since 2004. Despite these achievements, Guatemala continues to face significant challenges. Guatemala's overall ease of doing business ranking is still relatively low-114th out of 178 countries, and it falls well behind the rankings of comparator countries such as El Salvador (69), Nicaragua (93), and Panama (65). Economic growth in Guatemala over the past 25 years has been very modest, even by Latin American standards. Productivity and export growth has been disappointing. The Central America Free Trade Agreement (CAFTA) brings new opportunities as well as competitive pressures. To be competitive, Guatemala needs to aggressively tackle reforms in three main areas: infrastructure, governance, and access to finance. Reforms in these areas, as well as other targeted initiatives, will better position Guatemala to take advantage of CAFTA. The Government should also build on what has been working in trade promotion. Road, port, and airport quality could all be improved, with private sector participation playing a key role. Electricity subsidies should be targeted in a more efficient manner and the social tariff system should be reconsidered. More effective mechanisms to promote investments in renewable energy should be adopted. Guatemala should continue reforming its regulation of private business activity-especially in firm registration, construction permits, and tax and customs administration. The government should attack corruption directly. Concerted, long-term effort is needed to strengthen contract enforcement and the judiciary. To lower crime, the strategy should be to emphasize preventive measures and support greater police enforcement. The growth of commercially oriented microfinance institutions (MFIs) should be promoted through an adequate regulatory and supervisory framework. Accounting and auditing practices, financial information infrastructure, and regulatory norms for movable collateral should be strengthened. 2012-06-12T16:11:05Z 2012-06-12T16:11:05Z 2008-06 http://documents.worldbank.org/curated/en/2008/06/10286945/guatemala-investment-climate-assessment-vol-2-2-volume-two-background-notes-productivity http://hdl.handle.net/10986/7821 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Investment Climate Assessment (ICA) Economic & Sector Work Latin America & Caribbean America Central America Guatemala |
| 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 |
ABSENTEEISM ACCESS TO FINANCE ACCOUNT OWNER ASSETS AVERAGE PRODUCTIVITY BANKS BIASES BOOK VALUE CAPITAL STOCK CC COLLATERAL COMMERCIAL BANKS CONTRIBUTION CONTRIBUTIONS CORRUPTION CREDIT APPLICATIONS CREDIT LINE CURRENT ACCOUNT DEBT DIRECT INVESTMENT ECONOMETRICS ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE EMPLOYMENT EXCLUSION EXPENDITURE EXPENDITURES EXPORTS FAMILIES FEMALE WORKERS FINANCIAL INSTITUTIONS FIXED ASSETS FOREIGN DIRECT INVESTMENT GENDER INITIAL INVESTMENT INNOVATION INTERNAL FUNDS INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT LABOR REGULATIONS LARGE FIRM LARGE FIRMS LIABILITY LOAN LOAN APPLICATIONS MONOPOLY OPERATING PERMITS OPPORTUNITY COST OVERDRAFT POSITIVE EFFECTS PRICE INDEX PRIVATE BANKS PRIVATE COMMERCIAL BANKS PROBABILITY PROBABILITY MODELS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY INCREASES PUBLIC BANKS PURCHASES QUESTIONNAIRE REAL WAGES RED TAPE REGRESSION ANALYSIS REGULATORY POLICY SALES SAVINGS SAVINGS ACCOUNT SKILLED WORKERS SUPPLIERS TAX ADMINISTRATION TOTAL COSTS TRADE UNION WAGE WAGES WORKING CAPITAL |
| spellingShingle |
ABSENTEEISM ACCESS TO FINANCE ACCOUNT OWNER ASSETS AVERAGE PRODUCTIVITY BANKS BIASES BOOK VALUE CAPITAL STOCK CC COLLATERAL COMMERCIAL BANKS CONTRIBUTION CONTRIBUTIONS CORRUPTION CREDIT APPLICATIONS CREDIT LINE CURRENT ACCOUNT DEBT DIRECT INVESTMENT ECONOMETRICS ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE EMPLOYMENT EXCLUSION EXPENDITURE EXPENDITURES EXPORTS FAMILIES FEMALE WORKERS FINANCIAL INSTITUTIONS FIXED ASSETS FOREIGN DIRECT INVESTMENT GENDER INITIAL INVESTMENT INNOVATION INTERNAL FUNDS INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT LABOR REGULATIONS LARGE FIRM LARGE FIRMS LIABILITY LOAN LOAN APPLICATIONS MONOPOLY OPERATING PERMITS OPPORTUNITY COST OVERDRAFT POSITIVE EFFECTS PRICE INDEX PRIVATE BANKS PRIVATE COMMERCIAL BANKS PROBABILITY PROBABILITY MODELS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY INCREASES PUBLIC BANKS PURCHASES QUESTIONNAIRE REAL WAGES RED TAPE REGRESSION ANALYSIS REGULATORY POLICY SALES SAVINGS SAVINGS ACCOUNT SKILLED WORKERS SUPPLIERS TAX ADMINISTRATION TOTAL COSTS TRADE UNION WAGE WAGES WORKING CAPITAL World Bank Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity |
| geographic_facet |
Latin America & Caribbean America Central America Guatemala |
| description |
Guatemala has achieved substantial
progress in improving its investment climate since 2004.
Despite these achievements, Guatemala continues to face
significant challenges. Guatemala's overall ease of
doing business ranking is still relatively low-114th out of
178 countries, and it falls well behind the rankings of
comparator countries such as El Salvador (69), Nicaragua
(93), and Panama (65). Economic growth in Guatemala over the
past 25 years has been very modest, even by Latin American
standards. Productivity and export growth has been
disappointing. The Central America Free Trade Agreement
(CAFTA) brings new opportunities as well as competitive
pressures. To be competitive, Guatemala needs to
aggressively tackle reforms in three main areas:
infrastructure, governance, and access to finance. Reforms
in these areas, as well as other targeted initiatives, will
better position Guatemala to take advantage of CAFTA. The
Government should also build on what has been working in
trade promotion. Road, port, and airport quality could all
be improved, with private sector participation playing a key
role. Electricity subsidies should be targeted in a more
efficient manner and the social tariff system should be
reconsidered. More effective mechanisms to promote
investments in renewable energy should be adopted. Guatemala
should continue reforming its regulation of private business
activity-especially in firm registration, construction
permits, and tax and customs administration. The government
should attack corruption directly. Concerted, long-term
effort is needed to strengthen contract enforcement and the
judiciary. To lower crime, the strategy should be to
emphasize preventive measures and support greater police
enforcement. The growth of commercially oriented
microfinance institutions (MFIs) should be promoted through
an adequate regulatory and supervisory framework. Accounting
and auditing practices, financial information
infrastructure, and regulatory norms for movable collateral
should be strengthened. |
| format |
Economic & Sector Work :: Investment Climate Assessment (ICA) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity |
| title_short |
Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity |
| title_full |
Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity |
| title_fullStr |
Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity |
| title_full_unstemmed |
Guatemala : Investment Climate Assessment, Volume 2. Background Notes on Productivity |
| title_sort |
guatemala : investment climate assessment, volume 2. background notes on productivity |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/06/10286945/guatemala-investment-climate-assessment-vol-2-2-volume-two-background-notes-productivity http://hdl.handle.net/10986/7821 |
| _version_ |
1764402966833397760 |