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Yemen Arab Republic - Economic development (English)

The Yemen Arab Republic of 1970 is very different from the Yemen of 1960. Changes have started and in a sense, have taken place too rapidly. These changes which have altered the outlook of the economic life of the country have included, among other things: introduction of the concept of government intervention in public life in areas other than security, justice and taxation, the inauguration and extension of public education and health services, the introduction of certain taxes outside the religious taxation system, the drastic curtailment of the practice of levies by sheiks, the shift from silver coins to the use of bank notes (in 1964) and the establishment of institutions for monetary control (e.g. Yemen Currency Hoard and Foreign Exchange Control Authority), establishment of a national commercial bank, introduction of procedures of arbitration outside of the religious courts for the settlement of business conflicts, and the establishment of several economic enterprises. The speed with which these developments have taken place, their ad hoc nature, the lack of an overall view about the direction of modernization and the resulting absence of coordination among the new institutions and inconsistency in government policies have seriously limited the effectiveness of these changes.

Details

  • Document Date

    1970/10/31

  • Document Type

    Pre-2003 Economic or Sector Report

  • Report Number

    EMA25

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Yemen, Republic of

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2010/06/12

  • Disclosure Status

    Disclosed

  • Doc Name

    Yemen Arab Republic - Economic development

  • Keywords

    Agriculture;Natural Resources;availability of water;Crop;Land and Water Resources;water resources and irrigation;complementary input;Civil War;utilization of groundwater;formal school system;external technical assistance;weights and measure;Strategy for Agriculture;balance of payment;foreign exchange control;hides and skins;farmer;General Administration;preparatory school;local teacher;water availability;Education Policy;religious school;agricultural sector;coffee tree;factor of production;secondary school graduate;absence of coordination;Oil & Gas;average annual rainfall;foreign trade statistic;Public Sector Units;establishment of institutions;investment in school;main road network;external public debt;municipal water system;formulation of policies;vegetable and fruit;junior secondary teacher;secondary school level;average farm size;regional training center;primarily due;agricultural commodity price;historical time period;Public Sector Enterprises;Oil and Gas;international financial organization;lack of communication;expansion of population;loss of earnings;international cotton price;high yielding variety;secondary technical school;long-term investment strategy;official foreign exchange;absence of market;underground water resource;marine fishery resource;maintenance of building;variation in climate;establishment of regulation;annual fish catch;resistance to change;area development program;gross domestic product;application of fertilizer;foreign oil company;diffusion of technology;sources of water;lack of security;expansion of education;opportunities for student;Economic Management;coffee production;social structure;trained manpower;modern education;Vocational Training;extension service;producer price;irrigation works;resource mobilization;export price;cultivated land;current expenditure;administrative structure;land area;agricultural region;Agricultural Technology;lint cotton;improved water;mineral deposit;rainy season;political leadership;social statistics;resource base;crop input;extreme scarcity;export crop;cultivable land;oil deposit;cotton lint;rock salt;arable land;mountain region;rainfall condition;long-term strategy;tenant farmer;soft drink;absorptive capacity;manufactured goods;monetary authority;tax revenue;agricultural product;irrigated area;dry farming;seed cotton;private farms;coal seam;export tax;trained teacher;bilateral aid;Teachers;Manufacturing;

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Citation

Yemen Arab Republic - Economic development (English). Europe, Middle East & North Africa series,no. EMA 25 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/463271468170362225/Yemen-Arab-Republic-Economic-development