World Bank2013-08-232013-08-232002-10-07https://hdl.handle.net/10986/15334Lithuania's long-term economic strategy aims at building the foundations for achieving rapid convergence with Western European countries. The medium-term objective of the economic policy is to meet the economic criteria for accession and to get ready for membership in the European and Monetary Union (EMU) after accession. This will be acheived through continued macroeconomic stability, fiscal consolidation, and further implementation of structural reforms needed for an efficient functioning of the market economy, improved productivity, and enhancement of competitiveness. This report focuses on three critical elements of the structural reform agenda: 1) labor market reform, aimed at increasing labor market flexibility and improving the utilization of labor resources throughout the economy; 2) regulatory reform and reform of the business environment, to support private sector development and growth in both urban and rural areas; and 3) social protection reform, to improve targeting, effectiveness, and efficiency.en-USCC BY 3.0 IGOACCESSION COUNTRIESAGRICULTURAL PERFORMANCEAGRICULTURAL SECTORAGRICULTUREANNUAL RATEAVERAGE PRODUCTIVITYBALANCE OF PAYMENTSBALANCE SHEETBARLEYBROAD CONSENSUSBUSINESS ASSOCIATIONSBUSINESS ENVIRONMENTCAPITAL INFLOWSCAPITAL INVESTMENTSCENTRAL BANKCOMPARATIVE ADVANTAGECOMPETITIVENESSCOMPLEX TASKCONSOLIDATIONCONSUMERSCPICURRENCY UNITDEBTDEMOGRAPHIC STRUCTUREDEVELOPING COUNTRIESDEVELOPING COUNTRYDUAL ECONOMYECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INTEGRATIONECONOMIC LOSSECONOMIC MANAGEMENTECONOMIC MEMORANDUMECONOMIC POLICYEDUCATION LEVELEDUCATIONAL ATTAINMENTEMPLOYMENTEQUILIBRIUMEXCHANGE RATEEXPENDITURESEXPORT GROWTHEXPORTSEXTERNAL DEBTEXTERNAL ENVIRONMENTEXTERNAL SHOCKSFINANCIAL SECTORFISCAL DEFICITSFISCAL YEARGDPGLOBAL ECONOMYGOVERNMENT INTERVENTIONGROSS DOMESTIC PRODUCTGROSS EARNINGSGROSS NATIONAL SAVINGSGROSS VALUEGROWTH POTENTIALGROWTH RATEGROWTH RATESHIGH GROWTHHOUSEHOLD CONSUMPTIONHOUSEHOLD HEADHUMAN CAPITALHUMAN DEVELOPMENTHUMAN DEVELOPMENT REPORTSIMPORTSINCOMEINCOME CHANGEINCOME LEVELSINELASTIC DEMANDINFLATIONINFLATION RATEINSURANCEINTERNATIONAL TRADEINVESTMENT CLIMATELABOR COSTSLABOR FORCELABOR FORCE PARTICIPATIONLABOR MARKETLABOR PRODUCTIVITYLAND USELEGISLATIONLONG TERMLOW INFLATIONMACROECONOMIC FRAMEWORKMACROECONOMIC PERFORMANCEMACROECONOMIC STABILITYMALE-HEADED HOUSEHOLDSMARKET ECONOMYMEASURED POVERTYMEDIUM TERMMINIMUM WAGEMONETARY POLICYNEGATIVE IMPACTNON-INCOME DIMENSIONSPENSIONSPOLICY FRAMEWORKPOLICY IMPLICATIONSPOLICY INSTRUMENTPOLICY MAKERSPOPULATION SHAREPOVERTY IMPACTPOVERTY LINEPOVERTY LINESPOVERTY PROFILEPOVERTY RATEPOVERTY REDUCTIONPOVERTY RISKPRIVATIZATIONPRO-POORPRODUCER INCENTIVESPRODUCERSPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC EXPENDITUREPUBLIC SERVICESQUALITY STANDARDSQUOTASRAPID GROWTHREAL EXCHANGE RATEREAL GDPREAL INCOMEREAL WAGESRELATIVE POVERTYRURAL AREASRURAL CREDITRURAL ECONOMYRURAL POVERTYSAFETY NETSAVINGSSKILLED LABORSKILLED WORKERSSOCIAL ASSISTANCESOCIAL ASSISTANCE PROGRAMSSOCIAL INDICATORSSOCIAL PROTECTIONSOCIAL SECURITYSTRUCTURAL REFORMSTRUCTURAL REFORMSTASK TEAM LEADERTOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTRADE BALANCETRADE DEFICITTRADE FLOWSTRANSITION ECONOMIESTRANSPORTUNEMPLOYMENTUNEMPLOYMENT BENEFITSUNEMPLOYMENT RATEUNIVERSITY GRADUATESURBAN AREASURBAN ONESVALUE ADDEDVULNERABLE GROUPSWAGESWORLD TRADE ORGANIZATIONWTO EMPLOYMENT POLICIESECONOMIC PRODUCTIVITYEUROPEAN UNION MEMBERSHIPMACROECONOMIC STABILIZATIONINTERNATIONAL TRADEFOREIGN DIRECT INVESTMENTSLABOR MARKETSREGULATORY REFORMBUSINESS ENVIRONMENTCOMPETITIVENESSUNEMPLOYMENTHOUSEHOLD CONSUMPTIONHOUSEHOLD INCOMEPOVERTY PROFILESOCIAL INDICATORSCOMPARATIVE ADVANTAGEEXPORT PERFORMANCEAGRICULTURAL PRODUCTIVITYINCENTIVESJOB CREATIONLABOR FORCE PARTICIPATIONWAGE ADJUSTMENTSJOB SECURITYACCESS TO CREDITTRANSPORT POLICYRURAL POVERTYSOCIAL PROTECTION SYSTEMSSOCIAL INSURANCE PROGRAMSCASH TRANSFERTARGETED ASSISTANCEFISCAL CONSOLIDATIONSTRUCTURAL REFORMSWorld Bank10.1596/15334