The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials

High and sustained rate of economic growth in Yemen is a necesary, though not sufficient, condition for reduction of the high incidence of poverty and for raising the living standards of Yemeni citizens. Evidence in this report suggests that the ma...

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Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2013
Subjects:
AIR
GDP
OIL
Online Access:http://documents.worldbank.org/curated/en/2002/05/1971342/republic-yemen-economic-growth-sources-constraints-potentials
http://hdl.handle.net/10986/15383
id okr-10986-15383
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ADMINISTRATIVE REGULATIONS
AGGREGATE GOVERNANCE INDICATORS
AGRICULTURAL OUTPUT
AGRICULTURAL SECTOR
AGRICULTURE
AIR
ANNUAL GROWTH
ANNUAL GROWTH RATE
AVERAGE GROWTH
AVERAGE GROWTH RATE
BUSINESS ENVIRONMENT
BUSINESS SECTOR
CAPITAL ACCUMULATION
CENTRAL BANK
CIVIL SERVICES
CIVIL WAR
COMPARATIVE ADVANTAGE
COMPETITIVE EXCHANGE
COMPETITIVE EXCHANGE RATE
COMPETITIVENESS
CONSUMER PRICE INDEX
CORRUPTION
CRIME
DEBT
DEREGULATION
DIRECT INVESTMENT
DISCOVERIES
DIVERSIFICATION
DOMESTIC MARKETS
DUMPING
ECONOMIC ACTIVITIES
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC REFORMS
ECONOMIC SECTORS
ENVIRONMENTAL PROTECTION
EXCHANGE RATE
EXCHANGE RATE POLICY
EXCHANGE RATE REGIME
EXPENDITURES
EXPORT GROWTH
EXPORTS
EXTERNAL SHOCKS
EXTERNAL TRADE
FINANCIAL RESOURCES
FISH
FISHERIES
FISHING
FOREIGN EXCHANGE
FORESTRY
FREE TRADE
GDP
GDP PER CAPITA
GOVERNANCE ISSUES
GROSS DOMESTIC PRODUCT
GROWTH
GROWTH PERFORMANCE
GROWTH RATE
GROWTH RATES
HIGH GROWTH
HIGH TAXES
IMPORTS
IMPROVING GOVERNANCE
INCOME
INCOME
INDUSTRIAL SECTOR
INEFFICIENCY
INFRASTRUCTURE INVESTMENT
INSTITUTIONAL ENVIRONMENT
INTEREST RATES
INVESTMENT CLIMATE
LIVING STANDARDS
LONG-TERM GROWTH
MACROECONOMIC MANAGEMENT
MACROECONOMIC PERFORMANCE
MACROECONOMIC REFORMS
MACROECONOMIC STABILITY
MARKET ECONOMY
MONOPOLIES
NATIONAL ACCOUNTS
OIL
OIL PRICES
OIL RESERVES
OIL SECTOR
PARTNERSHIP
PER CAPITA GROWTH
POLICY CHANGES
POLICY REFORMS
POPULATION GROWTH
POVERTY REDUCTION
POVERTY REDUCTION STRATEGY
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRODUCTION COSTS
PRODUCTIVITY GROWTH
PRODUCTIVITY INCREASES
PROPERTY RIGHTS
PUBLIC INVESTMENT
PUBLIC SECTOR
PUBLIC UTILITIES
REAL GDP
SECTORAL COMPOSITION
SIGNIFICANT IMPACT
SOCIAL DEVELOPMENT
STRUCTURAL CHARACTERISTICS
TELECOMMUNICATIONS
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TOTAL OUTPUT
TRADE LIBERALIZATION
TRADE POLICIES
TRANSACTIONS COSTS
UNEMPLOYMENT
VALUE ADDED
WORLD TRADE ORGANIZATION
WTO GOVERNANCE
PROPERTY RIGHTS
RULE OF LAW
JUDICIAL SYSTEMS
LEGAL REFORM
CIVIL SERVICE REFORMS
CONTRACT ENFORCEMENT
JUDGMENTS
CORRUPTION IN POLITICS
ECONOMIC GROWTH
TOURISM DEVELOPMENT
MINING INDUSTRY
CONFLICT RESOLUTION SKILLS
DISPUTE RESOLUTION
SERVICE DELIVERY
OIL SECTOR
MANUFACTURING PRODUCTION
FISHERIES SECTOR
EMPLOYMENT GENERATION
LAND TITLES
BUSINESS ENVIRONMENT
spellingShingle ADMINISTRATIVE REGULATIONS
AGGREGATE GOVERNANCE INDICATORS
AGRICULTURAL OUTPUT
AGRICULTURAL SECTOR
AGRICULTURE
AIR
ANNUAL GROWTH
ANNUAL GROWTH RATE
AVERAGE GROWTH
AVERAGE GROWTH RATE
BUSINESS ENVIRONMENT
BUSINESS SECTOR
CAPITAL ACCUMULATION
CENTRAL BANK
CIVIL SERVICES
CIVIL WAR
COMPARATIVE ADVANTAGE
COMPETITIVE EXCHANGE
COMPETITIVE EXCHANGE RATE
COMPETITIVENESS
CONSUMER PRICE INDEX
CORRUPTION
CRIME
DEBT
DEREGULATION
DIRECT INVESTMENT
DISCOVERIES
DIVERSIFICATION
DOMESTIC MARKETS
DUMPING
ECONOMIC ACTIVITIES
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC REFORMS
ECONOMIC SECTORS
ENVIRONMENTAL PROTECTION
EXCHANGE RATE
EXCHANGE RATE POLICY
EXCHANGE RATE REGIME
EXPENDITURES
EXPORT GROWTH
EXPORTS
EXTERNAL SHOCKS
EXTERNAL TRADE
FINANCIAL RESOURCES
FISH
FISHERIES
FISHING
FOREIGN EXCHANGE
FORESTRY
FREE TRADE
GDP
GDP PER CAPITA
GOVERNANCE ISSUES
GROSS DOMESTIC PRODUCT
GROWTH
GROWTH PERFORMANCE
GROWTH RATE
GROWTH RATES
HIGH GROWTH
HIGH TAXES
IMPORTS
IMPROVING GOVERNANCE
INCOME
INCOME
INDUSTRIAL SECTOR
INEFFICIENCY
INFRASTRUCTURE INVESTMENT
INSTITUTIONAL ENVIRONMENT
INTEREST RATES
INVESTMENT CLIMATE
LIVING STANDARDS
LONG-TERM GROWTH
MACROECONOMIC MANAGEMENT
MACROECONOMIC PERFORMANCE
MACROECONOMIC REFORMS
MACROECONOMIC STABILITY
MARKET ECONOMY
MONOPOLIES
NATIONAL ACCOUNTS
OIL
OIL PRICES
OIL RESERVES
OIL SECTOR
PARTNERSHIP
PER CAPITA GROWTH
POLICY CHANGES
POLICY REFORMS
POPULATION GROWTH
POVERTY REDUCTION
POVERTY REDUCTION STRATEGY
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRODUCTION COSTS
PRODUCTIVITY GROWTH
PRODUCTIVITY INCREASES
PROPERTY RIGHTS
PUBLIC INVESTMENT
PUBLIC SECTOR
PUBLIC UTILITIES
REAL GDP
SECTORAL COMPOSITION
SIGNIFICANT IMPACT
SOCIAL DEVELOPMENT
STRUCTURAL CHARACTERISTICS
TELECOMMUNICATIONS
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TOTAL OUTPUT
TRADE LIBERALIZATION
TRADE POLICIES
TRANSACTIONS COSTS
UNEMPLOYMENT
VALUE ADDED
WORLD TRADE ORGANIZATION
WTO GOVERNANCE
PROPERTY RIGHTS
RULE OF LAW
JUDICIAL SYSTEMS
LEGAL REFORM
CIVIL SERVICE REFORMS
CONTRACT ENFORCEMENT
JUDGMENTS
CORRUPTION IN POLITICS
ECONOMIC GROWTH
TOURISM DEVELOPMENT
MINING INDUSTRY
CONFLICT RESOLUTION SKILLS
DISPUTE RESOLUTION
SERVICE DELIVERY
OIL SECTOR
MANUFACTURING PRODUCTION
FISHERIES SECTOR
EMPLOYMENT GENERATION
LAND TITLES
BUSINESS ENVIRONMENT
World Bank
The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials
geographic_facet Middle East and North Africa
Yemen, Republic of
description High and sustained rate of economic growth in Yemen is a necesary, though not sufficient, condition for reduction of the high incidence of poverty and for raising the living standards of Yemeni citizens. Evidence in this report suggests that the main obstacle to rapid and sustained economic growth is the weak governance that characterizes Yemen in addition to the weaknesses in domestic security, property rights, and rule of law systems. Weak governance in Yemen is characterized/manifested by widespread corruption, lack of transparency and accountability, inefficiency in the interaction of public officials and private business, ineffective or absent market promoting institutions such as those enforcing contracts (courts, tribunals, etc.), poor performance of the public sector in terms of delivering essential goods and implementing programs, associated lack of incentives and skills in the civil service, and weak enforceability of contracts and rulings. Along with ordering the governance situation, there are areas that should receive government priority in the short and medium term, including: 1) enhancing domestic security to boost economic activity in all economic sectors; 2) removing excessive and arbitrary regulations to strengthen basic infrastructure and other services and to attract private investment into these sectors; 3) legal and judicial reform; and 4) sustained implementation of civil service reforms.
author World Bank
author_facet World Bank
author_sort World Bank
title The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials
title_short The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials
title_full The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials
title_fullStr The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials
title_full_unstemmed The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials
title_sort republic of yemen - economic growth : sources, constraints and potentials
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2002/05/1971342/republic-yemen-economic-growth-sources-constraints-potentials
http://hdl.handle.net/10986/15383
_version_ 1764427107034726400
spelling okr-10986-153832021-04-23T14:03:14Z The Republic of Yemen - Economic Growth : Sources, Constraints and Potentials World Bank ADMINISTRATIVE REGULATIONS AGGREGATE GOVERNANCE INDICATORS AGRICULTURAL OUTPUT AGRICULTURAL SECTOR AGRICULTURE AIR ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE GROWTH AVERAGE GROWTH RATE BUSINESS ENVIRONMENT BUSINESS SECTOR CAPITAL ACCUMULATION CENTRAL BANK CIVIL SERVICES CIVIL WAR COMPARATIVE ADVANTAGE COMPETITIVE EXCHANGE COMPETITIVE EXCHANGE RATE COMPETITIVENESS CONSUMER PRICE INDEX CORRUPTION CRIME DEBT DEREGULATION DIRECT INVESTMENT DISCOVERIES DIVERSIFICATION DOMESTIC MARKETS DUMPING ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SECTORS ENVIRONMENTAL PROTECTION EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL SHOCKS EXTERNAL TRADE FINANCIAL RESOURCES FISH FISHERIES FISHING FOREIGN EXCHANGE FORESTRY FREE TRADE GDP GDP PER CAPITA GOVERNANCE ISSUES GROSS DOMESTIC PRODUCT GROWTH GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HIGH GROWTH HIGH TAXES IMPORTS IMPROVING GOVERNANCE INCOME INCOME INDUSTRIAL SECTOR INEFFICIENCY INFRASTRUCTURE INVESTMENT INSTITUTIONAL ENVIRONMENT INTEREST RATES INVESTMENT CLIMATE LIVING STANDARDS LONG-TERM GROWTH MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC REFORMS MACROECONOMIC STABILITY MARKET ECONOMY MONOPOLIES NATIONAL ACCOUNTS OIL OIL PRICES OIL RESERVES OIL SECTOR PARTNERSHIP PER CAPITA GROWTH POLICY CHANGES POLICY REFORMS POPULATION GROWTH POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTION COSTS PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC UTILITIES REAL GDP SECTORAL COMPOSITION SIGNIFICANT IMPACT SOCIAL DEVELOPMENT STRUCTURAL CHARACTERISTICS TELECOMMUNICATIONS TELEPHONES TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE LIBERALIZATION TRADE POLICIES TRANSACTIONS COSTS UNEMPLOYMENT VALUE ADDED WORLD TRADE ORGANIZATION WTO GOVERNANCE PROPERTY RIGHTS RULE OF LAW JUDICIAL SYSTEMS LEGAL REFORM CIVIL SERVICE REFORMS CONTRACT ENFORCEMENT JUDGMENTS CORRUPTION IN POLITICS ECONOMIC GROWTH TOURISM DEVELOPMENT MINING INDUSTRY CONFLICT RESOLUTION SKILLS DISPUTE RESOLUTION SERVICE DELIVERY OIL SECTOR MANUFACTURING PRODUCTION FISHERIES SECTOR EMPLOYMENT GENERATION LAND TITLES BUSINESS ENVIRONMENT High and sustained rate of economic growth in Yemen is a necesary, though not sufficient, condition for reduction of the high incidence of poverty and for raising the living standards of Yemeni citizens. Evidence in this report suggests that the main obstacle to rapid and sustained economic growth is the weak governance that characterizes Yemen in addition to the weaknesses in domestic security, property rights, and rule of law systems. Weak governance in Yemen is characterized/manifested by widespread corruption, lack of transparency and accountability, inefficiency in the interaction of public officials and private business, ineffective or absent market promoting institutions such as those enforcing contracts (courts, tribunals, etc.), poor performance of the public sector in terms of delivering essential goods and implementing programs, associated lack of incentives and skills in the civil service, and weak enforceability of contracts and rulings. Along with ordering the governance situation, there are areas that should receive government priority in the short and medium term, including: 1) enhancing domestic security to boost economic activity in all economic sectors; 2) removing excessive and arbitrary regulations to strengthen basic infrastructure and other services and to attract private investment into these sectors; 3) legal and judicial reform; and 4) sustained implementation of civil service reforms. 2013-08-27T19:57:50Z 2013-08-27T19:57:50Z 2002-05-31 http://documents.worldbank.org/curated/en/2002/05/1971342/republic-yemen-economic-growth-sources-constraints-potentials http://hdl.handle.net/10986/15383 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Middle East and North Africa Yemen, Republic of