Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union
The analysis presented in this report assembles, for the first time, evidence from a variety of sources in the countries of Eastern Europe and the former Soviet Union to show that policy and institutional reforms are important in achieving higher p...
| Main Authors: | , , , |
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| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/05/9880211/unleashing-prosperity-productivity-growth-eastern-europe-former-soviet-union http://hdl.handle.net/10986/6588 |
| Summary: | The analysis presented in this report
assembles, for the first time, evidence from a variety of
sources in the countries of Eastern Europe and the former
Soviet Union to show that policy and institutional reforms
are important in achieving higher productivity growth.
However, significant challenges remain in sustaining that
growth. Many countries that started the reform process
early, such as the new member states of the European Union,
have come to resemble advanced market economies and face
challenges in competing successfully in the global economy
that are similar to the challenges faced by other European
countries. For these new European Union members, the report
argues, policies that facilitate innovation and firm
expansion will be a key. But for other countries that
started the reform process later, such as the countries of
Southeastern Europe and the former Soviet Union, there is
still a need to address the legacy of transition. For these
countries, policies that accelerate restructuring and ease
the entry and exit of firms will continue to be essential.
This report - part of a series of regional studies of the
World Bank's Europe and Central Asia region that has
already covered poverty and inequality, the enhancement of
job opportunities, trade and integration, migration and
remittances, and the challenges posed by aging populations
is intended as a contribution to the author thinking about
how the World Bank may work more effectively with client
states and other partners in the region to promote growth
and foster higher living standards in a rapidly changing World. |
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