Book

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

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collection.link.136
https://openknowledge.worldbank.org/handle/10986/6001
collection.link.47
https://openknowledge.worldbank.org/handle/10986/2155
collection.name.136
Russian PDFs Available
collection.name.47
Europe and Central Asia Studies
dc.contributor.author
Gould, David Michael
dc.date.accessioned
2018-08-16T19:45:50Z
dc.date.available
2018-08-16T19:45:50Z
dc.date.issued
2018-09-05
dc.description.abstract
Critical 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.isbn
978-1-4648-1157-9
dc.identifier.uri
http://hdl.handle.net/10986/30245
dc.language
English
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Europe and Central Asia Studies;
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
NETWORKS
dc.subject
TRADE
dc.subject
MIGRATION
dc.subject
FDI
dc.subject
CONNECTIVITY
dc.subject
GROWTH
dc.subject
PRODUCTIVITY
dc.subject
RESILIENCE
dc.subject
SHOCKS
dc.title
Critical Connections
en
dc.title.subtitle
Promoting Economic Growth and Resilience in Europe and Central Asia
en
dc.type
Book
en
okr.date.disclosure
2018-09-05
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1157-9
okr.identifier.internaldocumentum
211157
okr.identifier.report
129794
okr.imported
true
en
okr.language.supported
en
okr.region.administrative
Europe and Central Asia
okr.region.geographical
Europe and Central Asia
okr.topic
Information and Communication Technologies :: ICT Economics
okr.topic
Information and Communication Technologies :: Poverty Reduction & ICT
okr.topic
International Economics and Trade :: Foreign Direct Investment
okr.topic
International Economics and Trade :: Globalization and Financial Integration
okr.topic
International Economics and Trade :: International Migration
okr.topic
International Economics and Trade :: Trade and Transport
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.unit
ECACE

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