Publication: Uganda Economic Update : Bridges Across Borders - Unleashing Uganda's Regional Trade Potential
Date
2013-02
ISSN
Published
2013-02
Author(s)
World Bank
Abstract
Despite having one of the world's
highest rates of population growth, Uganda has an impressive
record of economic growth and poverty reduction. Over a
period of approximately 20 years, from the 1990s until
around 2010, the average annual rate of economic growth
stood at around 7 percent. During this same period, the
proportion of the population living below the poverty line
declined from 56 percent in 1992 to 24 percent in FY10.
Uganda needs to sustain its efforts to deepen regional
integration as a means of facilitating greater trade
opportunities, but primary agenda remains it its own hands.
The first point of action is to address constraints to
productivity growth in sectors that have the highest
potential for regional expansion, including the agriculture,
manufacturing and services sectors. Uganda must advocate by
setting an example by removing its own non-tariff barriers
(NTB) as a means of encouraging neighboring countries.
However, it also needs to use its position to persuade the
coastal countries to do their part, since they will also
benefit from such programs. In addition, Uganda must seize
every opportunity to promote peace and tranquility in the
Great Lakes regions.
Citation
“World Bank. 2013. Uganda Economic Update : Bridges Across Borders - Unleashing Uganda's Regional Trade Potential. © Washington, DC. http://hdl.handle.net/10986/16541 License: CC BY 3.0 IGO.”