Hashemite Kingdom of Jordan - Development Policy Review : Improving Institutions, Fiscal Policies and Structural Reforms for Greater Growth Resilience and Sustained Job Creation (Vol. 2 of 2)

Hashemite Kingdom of Jordan - Development Policy Review : Improving Institutions, Fiscal Policies and Structural Reforms for Greater Growth Resilience and Sustained Job Creation (Vol. 2 of 2)

Jordan's quest for long-term, inclusive and sustainable growth has remained largely elusive. By the Growth and Development Commission's measure of success, namely, an average growth rate of 7 percent over 30 years, Jordan's growth re...

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Bibliographic Details
Main Author:	World Bank
Format:	Development Policy Review (DPR)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING AGGREGATE DEMAND AGGREGATE PRODUCTIVITY AGRICULTURE ANNUAL PRODUCTIVITY GROWTH AVERAGE WAGE AVERAGE WAGES BANKING REGULATION BANKS BILATERAL TRADE BUSINESS CYCLES CAPITAL FORMATION CAPITAL INVESTMENT CIVIL SERVICE COMPARATIVE ADVANTAGE COMPREHENSIVE DEVELOPMENT COST OF LIVING CREATING JOBS CREATIVE DESTRUCTION CRISES CURRENT EXPENDITURES DECISION MAKING DEFICITS DEVELOPMENT POLICY DEVELOPMENT PROJECTS DOMESTIC WORKERS DRIVERS EARLY RETIREMENT ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC SECTORS ECONOMIC SITUATION ECONOMIC STRUCTURE EDUCATIONAL ATTAINMENT ELASTICITY EMPLOYEE EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT POLICIES EMPLOYMENT SHARE ENVIRONMENTS EXPENDITURES EXPORT GROWTH EXPORT MARKETS EXPORTS EXTERNALITIES FACTOR MARKETS FEMALE EMPLOYMENT FINANCIAL CRISIS FINANCIAL INTEGRATION FINANCIAL SECTOR FIRM DYNAMICS FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FISCAL POLICIES FISCAL POLICY FOREIGN LABOR FOREIGN OWNERSHIP FOREIGN WORKERS FREE MARKETS FREE TRADE GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE HEALTH INSURANCE HIGH EMPLOYMENT HIGH UNEMPLOYMENT HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT HUMAN RESOURCES IMMUNITY INCOME INCOME SUPPORT INNOVATION JOB CREATION JOB SECURITY JOB SEEKERS KEY PERFORMANCE INDICATORS KNOWLEDGE ECONOMY LABOR COSTS LABOR DEMAND LABOR FORCE GROWTH LABOR LAW LABOR MARKET LABOR MOVEMENT LABOR MOVEMENTS LABOR POLICY LABOR PRODUCTIVITY LABOR PRODUCTIVITY GROWTH LABOR SUPPLY LAWS LAYOFFS LEGAL FRAMEWORK LEGISLATION LOW EMPLOYMENT LOW TARIFFS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANDATES MATERNITY BENEFITS MATERNITY LEAVE MATHEMATICS MIDDLE INCOME COUNTRIES MIGRATION MINES MINIMUM WAGE MONETARY POLICY NET EMPLOYMENT NEW ENTRANTS NOMINAL WAGES OCCUPATIONS OIL OIL PRICES OPEN ECONOMIES OPTIMAL ALLOCATION ORGANIZATIONAL STRUCTURE PERFORMANCE INDICATORS PERVERSE INCENTIVES POLICY MAKERS POPULATION GROWTH POSITIVE EXTERNALITIES PRIVATE CONSUMPTION PRIVATE FIRMS PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR JOBS PRIVATE SECTOR WAGES PRIVATE SECTORS PRIVATIZATION PRODUCTION INPUTS PRODUCTIVITY DECOMPOSITION PRODUCTIVITY GROWTH PRODUCTIVITY INCREASE PRODUCTIVITY LEVEL PROFITABILITY PROPERTY RIGHTS PUBLIC PROCUREMENT PROCESS PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR JOB PUBLIC SECTOR JOBS QUOTAS REAL WAGE REAL WAGES RESOURCE ALLOCATION RESOURCE MANAGEMENT RETAIL TRADE RETIREMENT SAVINGS SERVANTS SEVERANCE PAY SEVERANCE PAYMENT SKILLED LABOR SKILLS DEVELOPMENT SOCIAL DEVELOPMENT SOCIAL SERVICES STATE-OWNED ENTERPRISES STRUCTURAL CHANGE SURVIVAL RATES SUSTAINABLE GROWTH TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL LABOR FORCE TRADE COMPETITIVENESS TRADE LIBERALIZATION TRANSPORT UNEMPLOYED UNEMPLOYED FEMALES UNEMPLOYED POPULATION UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED VOCATIONAL TRAINING WAGE DISTRIBUTION WAGE EARNER WAGE INCREASES WAGE STRUCTURE WORKER WORKERS WORKING HOURS WORKING POOR WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2012/06/17073522/hashemite-kingdom-jordan-development-policy-review-improving-institutions-fiscal-policies-structural-reforms-greater-growth-resilience-sustained-job-creation-vol-2-2-individual-chapters http://hdl.handle.net/10986/12306

Description
Summary:	Jordan's quest for long-term, inclusive and sustainable growth has remained largely elusive. By the Growth and Development Commission's measure of success, namely, an average growth rate of 7 percent over 30 years, Jordan's growth record cannot be dubbed 'successful'. This Development Policy Review (DPR) shows that sustaining growth and reducing unemployment is possible: Jordan has a strong human capital base, a large endowment in engineers, doctors, accountants, Information Technology (IT) specialists and a substantial highly-skilled diaspora (500,000 educated Jordanians abroad, 8 percent of the population). Furthermore, the market-oriented reforms of the early 2000s have made Jordan one of the most open economies in the Middle East and North Africa Region and have led to the emergence of dynamic non-traditional sectors (e.g., information and communication technologies, health tourism and business services). What is missing are: (i) an adequate and stable institutional framework for policymaking and long-term business development; (ii) good fiscal policies to manage shocks and maintain macroeconomic stability; good institutions and macroeconomic stability were identified by the growth commission as two of the five common characteristics of successful growth experiences; and (iii) further growth-enhancing structural reforms.

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