Report

Republic of Yemen : Unlocking the Potential for Economic Growth

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collection.link.76
https://openknowledge.worldbank.org/handle/10986/2184
collection.name.76
Country Economic Memorandum
dc.contributor.author
World Bank
dc.date.accessioned
2016-01-14T20:04:36Z
dc.date.available
2016-01-14T20:04:36Z
dc.date.issued
2015-10
dc.date.lastModified
2017-12-14T09:04:44Z
dc.description.abstract
Part one of the report provides an overview of the economy. It has one chapter (chapter one), which provides an overview of the country’s growth and macroeconomic performance and challenges and analyzes and emphasizes the limited dynamism of a rent- and hydrocarbon-cursed economy. Part II describes cross-cutting issues that constrain policy implementation, regardless of the sectors where they occur. In chapter two, the report draws on material outlined in the rest of the report to argue that the policy problems that undermine the country’s development can be linked directly to political distortions introduced by the fragmentation among the population and the elites. While the informal elite networks are able to block reform and aggressively continue to seek rents that might otherwise be recycled into development, the population is unable to exert its rights and hold the elites accountable. Chapter three analyzes the major impediments in the business environment. Through the analysis of the de jure legal and regulatory business environment as well as the enforcement of business regulations, the chapter identifies key legal and institutional changes that can help reduce the opportunities for rent seeking that favor well-connected businesses. Chapter four discusses the opportunities to maximize the benefits of the country’s human capital by enhancing the quality of worker skills, increasing women’s labor force participation, and facilitating the migration of Yemenis to work in the Gulf Cooperation Council (GCC) countries. To achieve this goal, the Republic of Yemen needs to enhance the quality of the education system, especially technical education and vocational training (TEVT), and respond to the existing demand for skilled workers. Chapter five explores the constraints to realizing the potential of agriculture. It argues that a key constraint on the sector is the capture of land and water by multiple elites motivated by short-term rent extraction, which prevents the efficient management of these assets and therefore undermines any possibility of sustainable development. The chapter also discusses other constraints and weaknesses affecting the sector and proposes legal and institutional changes that could help increase transparency in the management of the sector. Chapter six analyzes the prospects for growth in the oil and gas sector and discusses key governance reforms that would help reduce rent seeking in the sector.
en
dc.identifier
http://documents.worldbank.org/curated/en/2015/12/25721392/yemen-republic-unlocking-potential-economic-growth
dc.identifier.uri
http://hdl.handle.net/10986/23660
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
TARIFFS
dc.subject
FISH
dc.subject
ECONOMIC INCENTIVES
dc.subject
UNEMPLOYMENT RATES
dc.subject
AVERAGE COSTS
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
ECONOMIC GROWTH
dc.subject
TECHNOLOGICAL PROGRESS
dc.subject
RENEWABLE RESOURCES
dc.subject
MARKET DISTORTIONS
dc.subject
CARBON
dc.subject
AGRICULTURAL PRODUCTION
dc.subject
EXPECTATIONS
dc.subject
PRODUCERS
dc.subject
RESOURCE MANAGEMENT
dc.subject
PROPERTY RIGHTS
dc.subject
BALANCE OF PAYMENTS
dc.subject
FINANCIAL RESOURCES
dc.subject
LABOR FORCE
dc.subject
POLITICAL ECONOMY
dc.subject
REVENUES
dc.subject
ECONOMIC PROBLEMS
dc.subject
SUSTAINABLE MANAGEMENT
dc.subject
INCENTIVES
dc.subject
EQUILIBRIUM
dc.subject
MODELS
dc.subject
COMMON GOOD
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
AGRICULTURAL OUTPUT
dc.subject
OLIGOPOLY
dc.subject
AUDITS
dc.subject
RESOURCE USE
dc.subject
ECONOMIC ACTIVITY
dc.subject
EXPLOITATION
dc.subject
OIL PRICES
dc.subject
ARABLE LAND
dc.subject
LABOR COSTS
dc.subject
WATER PRICING
dc.subject
CROWDING OUT
dc.subject
OIL
dc.subject
FOOD POLICY RESEARCH
dc.subject
POPULATION GROWTH
dc.subject
CAPITAL FORMATION
dc.subject
LABOR PRODUCTIVITY
dc.subject
OPTIONS
dc.subject
EXTERNALITIES
dc.subject
QUOTAS
dc.subject
SUSTAINABLE WATER
dc.subject
DEBT
dc.subject
LAND DEGRADATION
dc.subject
POLLUTION
dc.subject
FISHERY MANAGEMENT
dc.subject
FORESTRY
dc.subject
TECHNOLOGY TRANSFERS
dc.subject
ECONOMIC POLICIES
dc.subject
DEMOGRAPHIC GROWTH
dc.subject
NATURAL RESOURCES
dc.subject
METALS
dc.subject
SUBSIDIES
dc.subject
EFFICIENCY
dc.subject
FISHING
dc.subject
RANGELANDS
dc.subject
TAXES
dc.subject
LAND USE
dc.subject
RESOURCES
dc.subject
UNEMPLOYMENT
dc.subject
EQUITY
dc.subject
ENERGY CONSUMPTION
dc.subject
ECONOMIC REGULATIONS
dc.subject
DEMOGRAPHIC TRANSITION
dc.subject
POTENTIAL INVESTORS
dc.subject
PRODUCTIVITY GROWTH
dc.subject
CONSUMPTION
dc.subject
RURAL COMMUNITIES
dc.subject
WAGES
dc.subject
CLIMATE CHANGE
dc.subject
VALUES
dc.subject
MARKET PRICES
dc.subject
ECONOMIC VALUE
dc.subject
IMMUNITY
dc.subject
POLICY MAKERS
dc.subject
CREDIT
dc.subject
PURCHASING POWER
dc.subject
DEMAND
dc.subject
SUSTAINABLE USE
dc.subject
NATIONAL INCOME
dc.subject
PUBLIC EXPENDITURES
dc.subject
ELECTRICITY GENERATION
dc.subject
INTERMEDIATE GOODS
dc.subject
EXPENDITURES
dc.subject
PROPERTY
dc.subject
PHYSICAL DESTRUCTION
dc.subject
CORPORATE TAXES
dc.subject
DECISION MAKING
dc.subject
ECONOMIC RENTS
dc.subject
TAX RATES
dc.subject
OPPORTUNITY COSTS
dc.subject
TRANSACTION COSTS
dc.subject
ENVIRONMENT
dc.subject
CONCEPTUAL FRAMEWORK
dc.subject
ECONOMIC SITUATION
dc.subject
ECONOMICS
dc.subject
CAPITAL GOODS
dc.subject
FISHERIES
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
TRADE
dc.subject
LAND
dc.subject
ECONOMIES OF SCALE
dc.subject
OIL REFINERIES
dc.subject
COMMERCIAL BANKS
dc.subject
ADMINISTRATIVE PROCEDURES
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COAL
dc.subject
FARMS
dc.subject
SUSTAINABLE EXPLOITATION
dc.subject
POLLUTION CHARGES
dc.subject
ECONOMIC INITIATIVES
dc.subject
OIL RESERVES
dc.subject
REVENUE
dc.subject
HIGH UNEMPLOYMENT
dc.subject
RECYCLING
dc.subject
PROFITS
dc.subject
ENVIRONMENTAL
dc.subject
LABOR MARKETS
dc.subject
PUBLIC GOOD
dc.subject
DEMOGRAPHICS
dc.subject
FISHERS
dc.subject
PRICES
dc.subject
NEGATIVE EXTERNALITIES
dc.subject
OIL SECTOR
dc.subject
PRODUCTION COSTS
dc.subject
ECONOMIES
dc.subject
PUBLIC GOODS
dc.subject
COMPETITION
dc.title
Republic of Yemen
en
dc.title.subtitle
Unlocking the Potential for Economic Growth
en
dc.type
Report
en
okr.date.disclosure
2016-01-13
okr.doctype
Economic & Sector Work :: Country Economic Memorandum
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2015/12/25721392/yemen-republic-unlocking-potential-economic-growth
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b08405cafe_3_0
okr.identifier.internaldocumentum
25721392
okr.identifier.report
102151
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/13/090224b08405cafe/3_0/Rendered/PDF/Yemen00Republi00for0economic0growth.pdf
en
okr.region.country
Yemen, Republic of
okr.sector
Public Administration, Law, and Justice
okr.theme
Economic management :: Analysis of economic growth
okr.theme
Economic management :: Macroeconomic management
okr.theme
Public sector governance :: Tax policy and administration
okr.theme
Trade and integration :: Export development and competitiveness
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
Environment :: Environmental Economics & Policies
okr.topic
Macroeconomics and Economic Growth :: Political Economy
okr.unit
GMF - MENA (GMF05)

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