Publication:
Critical Connections: Promoting Economic Growth and Resilience in Europe and Central Asia

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dc.contributor.authorGould, David Michael
dc.date.accessioned2018-08-16T19:45:50Z
dc.date.available2018-08-16T19:45:50Z
dc.date.issued2018-09-05
dc.description.abstractCritical Connections examines how trade, investment, migration, and other linkages among countries drive economic growth in the Europe and Central Asia region. The study breaks new ground by using a multidimensional approach that recognizes how each connectivity channel for growth is likely to be affected by the strength of other channels. This multidimensional view makes it easier to see that diversity in country connections and balance in all channels of connectivity are critical for achieving the greatest impact on growth. Europe and Central Asia provides a great laboratory for observing the role of multidimensional connectivity in action. The region’s 30 countries vary widely in the openness of their economies. Its collective experience shows how the various elements of cross-border connectivity work together to accelerate progrowth knowledge transfers, which in turn boost productivity through participation in today’s global value chains. A country’s economic partner might be just as important as the type of connection. Being well connected to highly connected countries can provide benefits beyond being well connected to comparatively isolated countries. Although greater connectivity can expose countries to external shocks, the report presents fact-based argument for policies that seek to build deeper and more diverse connections within the Europe and Central Asia region and globally. The message is timely. Europe’s once-confident march toward economic integration has slowed over the past decade, with voices in many countries questioning the wisdom of opening to the global economy. Critical Connections serves as a reminder to citizens and policy makers that greater regional and global connectivity has been a tremendous “convergence machine,” raising living standards of lower-income countries toward those of wealthier middle- to high-income countries.en
dc.identifier.doi10.1596/978-1-4648-1157-9
dc.identifier.isbn978-1-4648-1157-9
dc.identifier.urihttps://hdl.handle.net/10986/30245
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEurope and Central Asia Studies;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectNETWORKS
dc.subjectTRADE
dc.subjectMIGRATION
dc.subjectFDI
dc.subjectCONNECTIVITY
dc.subjectGROWTH
dc.subjectPRODUCTIVITY
dc.subjectRESILIENCE
dc.subjectSHOCKS
dc.titleCritical Connectionsen
dc.title.subtitlePromoting Economic Growth and Resilience in Europe and Central Asiaen
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.crossref.titleCritical Connections: Promoting Economic Growth and Resilience in Europe and Central Asia
okr.date.disclosure2018-09-05
okr.date.doiregistration2025-04-15T11:53:20.871541Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.identifier.doi10.1596/978-1-4648-1157-9
okr.identifier.doihttps://doi.org/10.1596/978-1-4648-1157-9
okr.identifier.internaldocumentum211157
okr.identifier.report129794
okr.importedtrueen
okr.language.supporteden
okr.region.administrativeEurope and Central Asia
okr.region.geographicalEurope and Central Asia
okr.topicInformation and Communication Technologies::ICT Economics
okr.topicInformation and Communication Technologies::Poverty Reduction & ICT
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Globalization and Financial Integration
okr.topicInternational Economics and Trade::International Migration
okr.topicInternational Economics and Trade::Trade and Transport
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitECACE
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