World Bank2012-06-082012-06-082007-09https://hdl.handle.net/10986/7576In 2006 most of the people of Uganda, with the notable exception of those in the conflict-blighted Northern Region, enjoy a better quality of life and brighter opportunities in a stable and growing economy. Uganda's economy has bounced back beyond what could be regarded as recovery, with real incomes per person now exceeding the levels reached at Independence in 1962. The report structure is as follows: volume one synthesizes the conclusions from analysis in Volume two. In Chapter 1 of Volume two, emphasis is placed on understanding what drove past growth at macro and sector levels, and in particular, on how Uganda's firms and farms have evolved. Chapter 2 continues the retrospective of past growth in agriculture, the most important sector of the economy. The report provides a comprehensive review of growth trends in agriculture, using several data sources. The chapter provides fresh insights on recent trends in poverty and inequality. Chapter 3 presents growth diagnosis and it identifies short-term actions to remove emerging constraints to present and near-term future growth. Chapter 4 models alternative future growth paths and the impact o f alternative public investments on growth using a SAM-based CGE model. The analysis reveals there is little to be gained from 'robbing Peter to pay Paul' for example fixing infrastructure by reducing education financing. Chapters 6 and 7 return to the short-term priorities to remove binding constraints to growth, and put meat on the actions identified in Chapter 3 as being required in the financial sector (Chapter 6) and in infrastructure (Chapter 7). Finally, Chapter 8 ends by assessing the scope for an externally financed scale up of infrastructure.en-USCC BY 3.0 IGOABSENTEEISMACCESS TO CREDITACCESSIBILITYACCOUNTABILITYACCOUNTINGADVERSE SELECTIONAGRICULTURAL OUTPUTAGRICULTUREAIRAIR CARGOAIRPORTSAVERAGE GROWTHAVERAGE PRODUCTIVITYBANK LENDINGBANKING REFORMBANKING SECTORBANKING SYSTEMBANKSBENCHMARKBOTTLENECKSBUDGETARY PROCESSESCAPITAL GOODSCAPITAL GROWTHCAPITAL INVESTMENTCAPITAL SUBSIDIESCOMMODITIESCOMMODITYCOMPARATIVE ADVANTAGECOMPETITIVENESSCONGESTIONCONSOLIDATIONCONSUMERCONTRACT ENFORCEMENTCONTRIBUTIONSCURRENT ACCOUNTCURRENT ACCOUNT DEFICITDECISION MAKINGDEPOSITDEPOSITSDEPRECIATIONDEVELOPMENT AGENCIESDEVELOPMENT ASSISTANCEDIMINISHING RETURNSDIRECT INVESTMENTDISPOSABLE INCOMESDIVERSIFICATIONDOMESTIC GOODSDRIVINGDROUGHTDROUGHTSEARNINGSECONOMIC GROWTHECONOMIC MANAGEMENTECONOMIC REFORMEMPLOYMENTENVIRONMENTAL DEGRADATIONEQUIPMENTEXCHANGE RATEEXPENDITUREEXPORT COMPETITIVENESSEXPORTERSEXPORTSEXTENSION SERVICESEXTERNAL SHOCKSEXTERNAL TRANSPORTEXTERNALITIESFAIR TRADINGFARESFARM INCOMESFINANCIAL INTERMEDIATIONFINANCIAL SECTORFINANCIAL SECTORSFINANCIAL STABILITYFINANCIAL SUPPORTFISCAL SUSTAINABILITYFOREIGN DIRECT INVESTMENTFREIGHTFREIGHT COSTSFUELFUEL COSTSFUEL PRICESFUTURE GROWTHGROSS FIXED CAPITAL FORMATIONGROWTH POTENTIALGROWTH THEORIESHEALTH SERVICESHIGH ENERGYHIGH TRANSPORTHOUSINGHUMAN CAPITALHUMAN RESOURCEIMPORT COSTSINCOME GROWTHINDIRECT COSTSINEFFICIENCYINFLATIONINFRASTRUCTURE INVESTMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PROJECTSINSPECTIONINSURANCEINTEREST RATEINTEREST RATE SPREADSINTEREST RATESINTERNATIONAL FREIGHT TRANSPORTINVESTINGINVESTMENT CLIMATEINVESTMENT CLIMATE ASSESSMENTINVESTMENT FINANCINGINVESTMENT RATESINVESTMENT REQUIREMENTSINVESTMENT RETURNSJOURNEYLABOR FORCELABOR MARKETLABOR MARKETSLAND TRANSPORTLARGE FIRMSLEVEL PLAYING FIELDLOWER INCOMESMARKET ANALYSISMARKET CONDITIONSMARKET DEMANDMARKET DEMANDSMARKET FAILURESMARKETINGMIGRATIONMONOPOLYNATIONAL INCOMENATURAL RESOURCESOPPORTUNITY COSTSOVERHEAD COSTSPEDESTRIANPENSIONPENSION REFORMPER CAPITA INCOMEPER CAPITA INCOMESPOLITICAL STABILITYPOPULATION DENSITYPOPULATION GROWTHPRICE VOLATILITYPRIMARY EDUCATIONPRIVATE CAPITALPRIVATE INVESTMENTPRIVATE INVESTMENTSPRIVATE SECTOR PRODUCTIVITYPRIVATIZATIONPRODUCT MARKETSPRODUCTIVITYPRODUCTIVITY GROWTHPROFITABILITYPROPERTY RIGHTSPROSPERITYPUBLIC GOODSPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC OWNERSHIPPUBLIC POLICIESPUBLIC POLICYPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC WORKSRAILRAIL LINKRAIL SERVICESRAIL TRANSPORTATIONRAILROADRAILWAYRAILWAY NETWORKRAILWAYSRAPID DEMOGRAPHIC TRANSITIONRAPID GROWTHRAPID POPULATION GROWTHREAL GDPREGULATORY FRAMEWORKREMITTANCESRENT SEEKINGRESETTLEMENTRESOURCE MANAGEMENTRETURNRISK AVERSIONRISK MANAGEMENTROADROAD NETWORKROAD TRANSPORTROADSRURAL FINANCERURAL INFRASTRUCTURERURAL ROADSRURAL TRANSPORTSAFETYSAFETY NETSAFETY NETSSALESSAVINGSSAVINGS RATESSECONDARY EDUCATIONSECONDARY SCHOOLSSOCIAL SERVICESSOCIAL WELFARESOFT LOANSSTOCKSTAXTAX EXEMPTIONSTAX INCENTIVESTAX RATESTELECOMMUNICATIONSTOTAL FACTOR PRODUCTIVITYTRADE BALANCETRADE DEFICITTRAFFICTRANSPORTTRANSPORT CORRIDORSTRANSPORT COSTSTRANSPORT FACILITIESTRANSPORT INFRASTRUCTURETRANSPORT MODESTRANSPORT OPERATORSTRANSPORT SECTORTRANSPORT SERVICESTRANSPORT SYSTEMTRANSPORTATIONTRANSPORTATION SERVICESTRUCKSTRUETRUST FUNDSUNEMPLOYEDURBANIZATIONVALUABLEVEHICLEVEHICLE OPERATINGVEHICLE OPERATING COSTSWATER SUPPLYWEALTHWITHDRAWALWORLD MARKETSWORTHWorld Bank10.1596/7576