Unleashing Prosperity

Abstract

No AccessStand Alone Books1 Feb 2013Unleashing ProsperityProductivity Growth in Eastern Europe and Former Soviet UnionAuthors/Editors: World BankWorld Bankhttps://doi.org/10.1596/978-0-8213-7279-1SectionsAboutPDF (5.4 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Over the past few years, the countries of Eastern Europe and the Former Soviet Union have seen rapid productivity growth that has driven up living standards and reduced poverty. Unleashing Prosperity examines the microfoundations of the recent growth. The report shows that these countries have enjoyed substantial productivity gains from the reallocation of labor and capital to more productive sectors and firms, from the entry of new firms and the exit of obsolete firms, and from the more efficient use of resources. Unleashing Prosperity also illustrates that policy reforms that promote governance and macroeconomic stability, market competition, infrastructure quality, financial deepening, labor market flexibility, and skill upgrading are important in achieving higher productivity growth. However, significant challenges remain in sustaining productivity growth. The report argues that for the early reformers (most of the 10 new members of the European Union, plus Turkey), policy reforms aimed at improving the ability of firms to innovate and compete in global markets are a main concern. By contrast, for the late reformers (most of Southeastern Europe and the Commonwealth of Independent States), policy reforms aimed at addressing the legacy of transition continue to be a top priority. Unleashing Prosperity shows why microeconomic reforms deserve more attention. It is a must-read for policy makers, government officials, researchers, and economists who are interested in furthering growth and prosperity in the region. FiguresreferencesRecommendeddetailsCited byRegional Productivity: Trends, Explanations, and Policies22 June 2021Political Capital and Household Income: Evidence from Twenty-Four Transition CountriesJournal of Family and Economic Issues, Vol.42, No.126 August 2020Best practices in ethics management: Insights from a qualitative study in SlovakiaBusiness Ethics, the Environment & Responsibility, Vol.30, No.115 September 2020Legal Regulations Impact on Social Capital. The Case of PolandSlovak Journal of Political Sciences31 December 2020Introduction17 March 2019Firm Growth Factors: A State of the Art Review and Research Issues17 March 2019Measuring Business Dynamics in Kosovo: Cross-Country Comparison and Analysis17 March 2019Conclusions on the Growth of Firms in Less-Developed Countries17 March 2019The city dimension of the productivity growth puzzle: the relative role of structural change and within-sector slowdownJournal of Economic Geography, Vol.18, No.323 March 2018Middle Income Convergence Trap and the Role of Competition Policy in SEE Countries21 July 2018Eastern European Economics, Vol.56, No.6Interpreting the Correlation Between the Capacity of Generating Added Value and the Use of Business Information Systems Through the Example of SMEs20 December 2015Understanding youth transition system in Poland through the analysis of partnerships between vocational upper secondary schools and industryJournal of Youth Studies, Vol.18, No.919 March 2015Economic Growth and Regional Disparities in SloveniaRegional Studies, Vol.49, No.1018 February 2014University–Industry Knowledge Transfer and Network Patterns in Romania: Does Knowledge Supply Fit SMEs' Regional Profiles?European Planning Studies, Vol.23, No.215 January 2014Voprosy Ekonomiki, No.11Targeted Trade-Related Policies and Manufacturing Firm Productivity in Eastern Europe and Central Asia: Effect of CorruptionGlobal Economy Journal, Vol.14, No.21 April 2014Does Growth Generate Jobs in Eastern Europe and Central Asia?4 February 2014Growth and Crisis in Transition: A Comparative PerspectiveReview of International Economics, Vol.19, No.118 January 2011Challenges and Trajectories of Fiscal Policy and PFM Reform in CEE/CISSSRN Electronic JournalForeign and Domestic Growth Drivers in Eastern EuropeSSRN Electronic JournalWhat Do Russians Think about Transition?SSRN Electronic Journal View Published: May 2008ISBN: 978-0-8213-7279-1e-ISBN: 978-0-8213-7280-7 Copyright & Permissions Related RegionsEurope and Central AsiaRelated CountriesRussian FederationRelated TopicsEducationEnvironmentIndustryMacroeconomics and Economic GrowthPrivate Sector DevelopmentSocial Protections and Labor KeywordsACCOUNTINGCOMPETITIONDRIVERSINFORMATIONLABORLAWPOLICIESPRODUCTIVITYPRODUCTIVITY GROWTHRIGHTS PDF DownloadLoading ...

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