Publication:
Madagascar : Back to the Future on the Road to Sustained and Balanced Growth, Country Economic Memorandum, Volume 1, Main Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-12T15:22:14Z
dc.date.available2012-06-12T15:22:14Z
dc.date.issued2008-12
dc.description.abstractThe objective of this study is to accompany Malagasy authorities in their transition towards economic emergence. If the contribution of foreign capital and the abundance of natural resources should help the Malagasy economy escape from the poverty trap by increasing its domestic savings and investment capacities, as well as its technological capacities. International experience reminds us that this transition is far from being automatic. Indeed, there are more examples of countries that have failed than of those who have succeeded. The successes of Chile, Tunisia, Malaysia, Mauritius, and Botswana can inspire the Malagasy policy makers while showing them which economic policy choices become imperative. This study is divided into four parts. The first part begins with an analysis of Madagascar's economic performance, trying to recall its fragility in spite of the good results recorded over these last few years. This fragility will be highlighted through the relatively narrow basis of the economic growth that has greatly relied on foreign capital inflows, putting the need to follow an adequate foreign exchange management policy at the center of the agenda and, thus, minimize its possible negative impact on exports. The second part will focus on the issue of private sector promotion. Recent diagnoses of Madagascar's economy and the strategy adopted by Malagasy authorities (with the support of its development partners) have shown that to be sustained and shared out over time, economic growth will have to rely on a dynamic and competitive private sector. The third part is dedicated to sharing the fruits of economic growth by giving a special emphasis to the distribution of the benefits related to the large mining and tourism investment projects within the population. These large projects represent a unique opportunity for Madagascar's development but also undoubtedly a danger if they do not allow the emergence of spillover effects among the local businesses and labor force. Finally, the fourth and final part proposes an agenda of economic reforms. Ambition is not to formulate a patchy list of proposals, but rather to propose a series of options that will help address the issues of competitiveness and shared growth that are central to the success of the current strategy followed by the Malagasy authorities.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/12/12145461/madagascar-back-future-road-sustained-balanced-growth-country-economic-memorandum-vol-1-2-main-report
dc.identifier.doi10.1596/7803
dc.identifier.urihttps://hdl.handle.net/10986/7803
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSENTEEISM
dc.subjectACCESS TO CREDIT
dc.subjectACCESSIBILITY
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADVERSE SELECTION
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectAIR CARGO
dc.subjectAIRPORTS
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBANK LENDING
dc.subjectBANKING REFORM
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBENCHMARK
dc.subjectBOTTLENECKS
dc.subjectBUDGETARY PROCESSES
dc.subjectCAPITAL GOODS
dc.subjectCAPITAL GROWTH
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL SUBSIDIES
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONGESTION
dc.subjectCONSOLIDATION
dc.subjectCONSUMER
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTRIBUTIONS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDECISION MAKING
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDEVELOPMENT AGENCIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDIMINISHING RETURNS
dc.subjectDIRECT INVESTMENT
dc.subjectDISPOSABLE INCOMES
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC GOODS
dc.subjectDRIVING
dc.subjectDROUGHT
dc.subjectDROUGHTS
dc.subjectEARNINGS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC REFORM
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTENSION SERVICES
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTERNAL TRANSPORT
dc.subjectEXTERNALITIES
dc.subjectFAIR TRADING
dc.subjectFARES
dc.subjectFARM INCOMES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFREIGHT
dc.subjectFREIGHT COSTS
dc.subjectFUEL
dc.subjectFUEL COSTS
dc.subjectFUEL PRICES
dc.subjectFUTURE GROWTH
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH THEORIES
dc.subjectHEALTH SERVICES
dc.subjectHIGH ENERGY
dc.subjectHIGH TRANSPORT
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCE
dc.subjectIMPORT COSTS
dc.subjectINCOME GROWTH
dc.subjectINDIRECT COSTS
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSPECTION
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE SPREADS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FREIGHT TRANSPORT
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATE ASSESSMENT
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTMENT RATES
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectINVESTMENT RETURNS
dc.subjectJOURNEY
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLAND TRANSPORT
dc.subjectLARGE FIRMS
dc.subjectLEVEL PLAYING FIELD
dc.subjectLOWER INCOMES
dc.subjectMARKET ANALYSIS
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEMAND
dc.subjectMARKET DEMANDS
dc.subjectMARKET FAILURES
dc.subjectMARKETING
dc.subjectMIGRATION
dc.subjectMONOPOLY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCES
dc.subjectOPPORTUNITY COSTS
dc.subjectOVERHEAD COSTS
dc.subjectPEDESTRIAN
dc.subjectPENSION
dc.subjectPENSION REFORM
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPOLITICAL STABILITY
dc.subjectPOPULATION DENSITY
dc.subjectPOPULATION GROWTH
dc.subjectPRICE VOLATILITY
dc.subjectPRIMARY EDUCATION
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE SECTOR PRODUCTIVITY
dc.subjectPRIVATIZATION
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROSPERITY
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC OWNERSHIP
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SERVICE DELIVERY
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC WORKS
dc.subjectRAIL
dc.subjectRAIL LINK
dc.subjectRAIL SERVICES
dc.subjectRAIL TRANSPORTATION
dc.subjectRAILROAD
dc.subjectRAILWAY
dc.subjectRAILWAY NETWORK
dc.subjectRAILWAYS
dc.subjectRAPID DEMOGRAPHIC TRANSITION
dc.subjectRAPID GROWTH
dc.subjectRAPID POPULATION GROWTH
dc.subjectREAL GDP
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectRENT SEEKING
dc.subjectRESETTLEMENT
dc.subjectRESOURCE MANAGEMENT
dc.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectRISK MANAGEMENT
dc.subjectROAD
dc.subjectROAD NETWORK
dc.subjectROAD TRANSPORT
dc.subjectROADS
dc.subjectRURAL FINANCE
dc.subjectRURAL INFRASTRUCTURE
dc.subjectRURAL ROADS
dc.subjectRURAL TRANSPORT
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSAVINGS RATES
dc.subjectSECONDARY EDUCATION
dc.subjectSECONDARY SCHOOLS
dc.subjectSOCIAL SERVICES
dc.subjectSOCIAL WELFARE
dc.subjectSOFT LOANS
dc.subjectSTOCKS
dc.subjectTAX
dc.subjectTAX EXEMPTIONS
dc.subjectTAX INCENTIVES
dc.subjectTAX RATES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRAFFIC
dc.subjectTRANSPORT
dc.subjectTRANSPORT CORRIDORS
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT FACILITIES
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT MODES
dc.subjectTRANSPORT OPERATORS
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORT SERVICES
dc.subjectTRANSPORT SYSTEM
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION SERVICES
dc.subjectTRUCKS
dc.subjectTRUE
dc.subjectTRUST FUNDS
dc.subjectUNEMPLOYED
dc.subjectURBANIZATION
dc.subjectVALUABLE
dc.subjectVEHICLE
dc.subjectVEHICLE OPERATING
dc.subjectVEHICLE OPERATING COSTS
dc.subjectWATER SUPPLY
dc.subjectWEALTH
dc.subjectWITHDRAWAL
dc.subjectWORLD MARKETS
dc.subjectWORTH
dc.titleMadagascar : Back to the Future on the Road to Sustained and Balanced Growth, Country Economic Memorandum, Volume 1, Main Reporten
dspace.entity.typePublication
okr.date.disclosure2010-04-22
okr.date.doiregistration2025-05-07T11:24:49.720824Z
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/12/12145461/madagascar-back-future-road-sustained-balanced-growth-country-economic-memorandum-vol-1-2-main-report
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.guid363741468054870118
okr.guid655641468054635395
okr.identifier.externaldocumentum000333038_20100425235841
okr.identifier.internaldocumentum12145461
okr.identifier.report46449
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/25/000333038_20100425235841/Rendered/PDF/464490v10MG0P11C0disclosed041221101.pdfen
okr.region.administrativeAfrica
okr.region.countryMadagascar
okr.region.geographicalEast Africa
okr.region.geographicalSub-Saharan Africa
okr.sectorOther domestic and international trade
okr.sectorMining and other extractive
okr.sectorMicro- and SME finance
okr.sectorGeneral public administration sector
okr.sectorGeneral finance sector
okr.sectorIndustry and trade
okr.sectorEnergy and mining
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorFinance
okr.themeTax policy and administration
okr.themeMacroeconomic management
okr.themeExport development and competitiveness
okr.themeDebt management and fiscal sustainability
okr.themeAnalysis of economic growth
okr.themePublic sector governance
okr.themeTrade and integration
okr.themeEconomic management
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicTransport Economics Policy and Planning
okr.topicMacroeconomics and Economic Growth
okr.topicTransport
okr.unitAFT: PREM 1 (AFTP1)
okr.volume1 of 2
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