Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization
Ethiopia has made impressive strides along its developmental path. Job creation is now the critical development challenge, raising the importance of the private sector agenda. After more than a decade of sustained public sector-led growth, the gove...
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| Language: | English |
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International Finance Corporation, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/410541567678527988/Country-Private-Sector-Diagnostic-Creating-Markets-in-Ethiopia-Sustaining-Progress-Towards-Industrialization http://hdl.handle.net/10986/32403 |
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okr-10986-324032021-05-25T09:27:42Z Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization World Bank International Finance Corporation PRIVATE SECTOR DEVELOPMENT INVESTMENT CLIMATE INDUSTRIALIZATION BUSINESS ENVIRONMENT JOB CREATION ENABLING SECTOR LOGISTICS TELECOMMUNICATIONS ACCESS TO FINANCE ACCESS TO ENERGY Ethiopia has made impressive strides along its developmental path. Job creation is now the critical development challenge, raising the importance of the private sector agenda. After more than a decade of sustained public sector-led growth, the government is revising its growth strategy to allow for a much greater role for the private sector in driving growth and job creation. Broadening the base for job creation beyond light manufacturing toward a wider range of high productivity agricultural and services activities will help to overcome the uneven spatial distribution of manufacturing jobs across the country. Ethiopia has a number of advantages that it can leverage to attract the investment needed for job creation. These include rapidly improving transport and energy infrastructure, low labor costs, a large and growing domestic market, cheap power, an ideal climate, and preferential market access to the European Union, the United States, and other major markets. The purpose of the Ethiopia country private sector diagnostic (CPSD) is to support the transition to a private sector- driven growth model that advances the country’s development objectives and, in particular, delivers the necessary jobs. It identifies investment opportunities that can materialize in the short term, and the reforms that are needed to enable these opportunities to emerge. It also discusses how specific actions by the public sector, in collaboration with the private sector, in filling gaps in public investment, reforming business regulations and trade policy, addressing market failures, and enhancing the efficiency of key backbone services and sectors, while tackling gender inequalities, can fully unleash the potential of private sector investment. 2019-09-17T19:31:42Z 2019-09-17T19:31:42Z 2019-03-20 Report http://documents.worldbank.org/curated/en/410541567678527988/Country-Private-Sector-Diagnostic-Creating-Markets-in-Ethiopia-Sustaining-Progress-Towards-Industrialization http://hdl.handle.net/10986/32403 English Country Private Sector Diagnostic; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Economic & Sector Work Economic & Sector Work :: PSD, Privatization and Industrial Policy Africa Ethiopia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PRIVATE SECTOR DEVELOPMENT INVESTMENT CLIMATE INDUSTRIALIZATION BUSINESS ENVIRONMENT JOB CREATION ENABLING SECTOR LOGISTICS TELECOMMUNICATIONS ACCESS TO FINANCE ACCESS TO ENERGY |
| spellingShingle |
PRIVATE SECTOR DEVELOPMENT INVESTMENT CLIMATE INDUSTRIALIZATION BUSINESS ENVIRONMENT JOB CREATION ENABLING SECTOR LOGISTICS TELECOMMUNICATIONS ACCESS TO FINANCE ACCESS TO ENERGY World Bank International Finance Corporation Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization |
| geographic_facet |
Africa Ethiopia |
| relation |
Country Private Sector Diagnostic; |
| description |
Ethiopia has made impressive strides
along its developmental path. Job creation is now the
critical development challenge, raising the importance of
the private sector agenda. After more than a decade of
sustained public sector-led growth, the government is
revising its growth strategy to allow for a much greater
role for the private sector in driving growth and job
creation. Broadening the base for job creation beyond light
manufacturing toward a wider range of high productivity
agricultural and services activities will help to overcome
the uneven spatial distribution of manufacturing jobs across
the country. Ethiopia has a number of advantages that it can
leverage to attract the investment needed for job creation.
These include rapidly improving transport and energy
infrastructure, low labor costs, a large and growing
domestic market, cheap power, an ideal climate, and
preferential market access to the European Union, the United
States, and other major markets. The purpose of the Ethiopia
country private sector diagnostic (CPSD) is to support the
transition to a private sector- driven growth model that
advances the country’s development objectives and, in
particular, delivers the necessary jobs. It identifies
investment opportunities that can materialize in the short
term, and the reforms that are needed to enable these
opportunities to emerge. It also discusses how specific
actions by the public sector, in collaboration with the
private sector, in filling gaps in public investment,
reforming business regulations and trade policy, addressing
market failures, and enhancing the efficiency of key
backbone services and sectors, while tackling gender
inequalities, can fully unleash the potential of private
sector investment. |
| format |
Report |
| author |
World Bank International Finance Corporation |
| author_facet |
World Bank International Finance Corporation |
| author_sort |
World Bank |
| title |
Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization |
| title_short |
Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization |
| title_full |
Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization |
| title_fullStr |
Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization |
| title_full_unstemmed |
Creating Markets in Ethiopia : Sustaining Progress Towards Industrialization |
| title_sort |
creating markets in ethiopia : sustaining progress towards industrialization |
| publisher |
International Finance Corporation, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/410541567678527988/Country-Private-Sector-Diagnostic-Creating-Markets-in-Ethiopia-Sustaining-Progress-Towards-Industrialization http://hdl.handle.net/10986/32403 |
| _version_ |
1764476476589080576 |