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Benin Country Economic Memorandum 2.0 (Vol. 4): Increasing Diversification and Integration for Economic Transformation - Chapter 4

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-03-18T18:16:44Z
dc.date.available2022-03-18T18:16:44Z
dc.date.issued2022
dc.description.abstractA small open economy, Benin has seen growth that is above average for the region. The volatility of high growth spells combined with low productivity growth has translated into limited gains in income per capita. Following its transition from low-income country to lower middle income country status in 2020 Benin is at the start of a new growth path. Its challenge is to boost the structural transformation of its economy driven by new growth drivers capable of sustaining an economic acceleration, lifting labor productivity and creating quality jobs for its young labor force, including women. While Benin’s economy has been spared by the worse of the Coronavirus disease 2019 (COVID 19) crisis, the shock has reinforced the need to focus on structural reforms that address long term challenges and ensure that economic recovery is sustainable and inclusive. The key conclusions that underpin this report, following the country economic memorandum (CEM) 2.0 framework suggest that investing further in human capital and closing gender gaps, particularly to accelerate the decline in fertility rates, and integrate women and youth into a higher quality labor market, should be central. Deepening market integration, connecting people and creating agglomeration economies through transport infrastructure and services should catalyze additional opportunities, taking advantage of Benin’s geographical position.en
dc.identifierhttp://documents.worldbank.org/curated/en/156231646079813834/Increasing-Diversification-and-Integration-for-Economic-Transformation-Chapter-4
dc.identifier.doi10.1596/37176
dc.identifier.urihttps://hdl.handle.net/10986/37176
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEMOGRAPHIC TRANSITION
dc.subjectDEMOGRAPHIC DIVIDEND
dc.subjectSOCIAL CAPITAL
dc.subjectSTRUCTURAL REFORMS
dc.subjectOPEN ECONOMY
dc.subjectCHANGING NATURE OF WORK
dc.subjectLABOR FORCE
dc.subjectLOWER-MIDDLE INCOME TRANSITION
dc.subjectHIGH FERTILITY RATE
dc.subjectNEED FOR TRANSPORT INFRASTRUCTURE
dc.subjectEXPORT DIVERSIFICATION
dc.subjectTRADE DYNAMICS
dc.subjectINFORMAL TRADE
dc.titleBenin Country Economic Memorandum 2.0 (Vol. 4)en
dc.title.subtitleIncreasing Diversification and Integration for Economic Transformation - Chapter 4en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleBenin Country Economic Memorandum 2.0 (Vol. 4)
okr.date.disclosure2022-03-01
okr.date.doiregistration2025-05-05T12:21:38.176774Z
okr.date.lastmodified2021-09-22T00:00:00Zen
okr.doctypeWorking Paper
okr.doctypePublications & Research,Publications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/156231646079813834/Increasing-Diversification-and-Integration-for-Economic-Transformation-Chapter-4
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okr.identifier.externaldocumentum090224b088d06732_2_0
okr.identifier.internaldocumentum33433368
okr.identifier.report164448
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/156231646079813834/pdf/Increasing-Diversification-and-Integration-for-Economic-Transformation-Chapter-4.pdfen
okr.region.administrativeAfrica
okr.region.administrativeAfrica Western and Central (AFW)
okr.region.countryBenin
okr.topicEducation::Educational Policy and Planning
okr.topicInternational Economics and Trade::Trade and Labor
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicPrivate Sector Development::Emerging Markets
okr.topicInternational Economics and Trade::Export Competitiveness
okr.volume4
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