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The Caucasian tiger : sustaining economic growth in Armenia (Inglês)

This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence as the Caucasian Tiger and to provide policy advice to the Armenian authorities to ensure the continuation of this growth. The book is presented in two parts, with Part I containing the analysis and the policy advice and Part II containing detailed background papers. The attribution for the emergence of Armenia as the Caucasian Tiger lies in the creation of an environment of macroeconomic stability and the determined pursuit of reforms aimed at establishing a market economy that was integrated with the world. This book describes that story. But the central focus of the book remains the reform agenda for the future. It is argued that the continuation of high rates of growth would require building defenses against economic shocks the country may face, and this would entail addressing the key vulnerabilities in today's economy. Thus the book is intended not only as a case study of success in post-Soviet economic transition, but also as a candid piece of policy advice for the Armenian authorities


  • Autor

    Mitra, Saumya, Andrew, Douglas, Gyulumyan, Gohar, Holden, Paul, Kaminski, Bart, Kuznetsov, Yevgeny, Vashakmadze, Ekaterine

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    Europa e Ásia Central,

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  • Nome do documento

    The Caucasian tiger : sustaining economic growth in Armenia

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    general agreement on tariffs and trade;learning and innovation loan;information and communication technology sector;tax and customs administration;impact on poverty reduction;small and medium enterprise;Cost of Doing Business;corporate governance of bank;total factor productivity growth;Clusters and Value Chains;rate of growth;constraints to growth;employment in agriculture;protection of creditor;division of labor;barrier to participation;international good practice;access to finance;Science and Technology;global value chain;access to bank;housing finance institution;demand for knowledge;creation of knowledge;number of researchers;modes of supply;quality of growth;long-term economic growth;provision of service;air transport regulation;flow of idea;standard of transparency;private property right;value added tax;competition in telecommunication;narrow interest groups;foreign trade policy;mode of transport;radio frequency spectrum;dominant market position;formal labor market;level of remittance;air transport services;Letter of Credit;repatriation of capital;foreign investment regime;foreign capital inflow;trade in goods;quality of information;transmission of information;system of credit;event of default;Rule of Law;share of investment;rate of employment;knowledge and innovation;absorption of knowledge;skilled labor force;barrier to entry;barrier to competition;weak corporate governance;corporate governance arrangement;reduction in poverty;informal labor market;law on contract;highly educated population;customs clearance procedures;regulatory policy statement;economically active people;minister of finance;financial sector assessment;high growth rate;diffusion of knowledge;trade in services;law contract;airport passenger;gdp growth rate;related party transactions;cost of fund;confidence in bank;lack of transparency;Competition Law;financial market;transition economy;Transition economies;real wage;financial intermediation;corporate sector;productivity gain;Macroeconomic Stability;human capital;dominant position;Business Climate;secured transaction;positive shock;survey data;Informal Economy;foreign investor;competition framework;International Trade;private investment;collusive behavior;entry barrier;extreme poverty;reform effort;bottom-up initiative;government action;credit bureaus;tariff rate;business environment;communications cost;beneficial owner;company registry;commercial transaction;pricing practice;banking sector;global market;local telecommunication;legal monopoly;insurance product;domestic saving;financial policies;producer services;liberal trade;geographical location;foreign saving;institutional measure;output shock;high transportation;consumption growth;redistribution effect;Natural Resources;commercial dispute;labor movement;private market;weighted average;financial deepening;international standard;industrial restructuring;economic diversification;dollar term;domestic aviation;customs procedure;private ownership;tariff regime;ad valorem;innovative technologies;commercially viable;tacit collusion;monetary policy;market access;competitive regime;cellular operator;legal provision;skill transfer;budget resource;role models;technology foresight;cluster process;low-productivity agriculture;brand name;business reputation;managerial skill;legal foundation;market practice;patent activity;telecommunications law;Public Spending;human growth;university education;open skies;employment opportunity;direct transfer;domestic investment;employment opportunities;Brain Drain;Tax Code;imported inputs;reference price;air service;economic shock;market development;information service;technology adoption;external inflows;information flow;foreign assistance;macroeconomic stance;macroeconomic performance;market economy;creditor right;national innovation;judicial procedure;medium firms;market-oriented reforms;tiger economy;knowledge asset;private research;special treatment;competition commission;administrative capacity;incentive regime



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