Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment
Bolivia is today at a crossroads. Several years of growth were achieved in the early and mid 1990s resulting from structural reforms which encouraged an upswing in private investment and productivity gains. However, more recently a series of economic shocks have hit Bolivia. These shocks not only ha...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/10/6504356/bolivia-country-economic-memorandum-policies-improve-growth-employment http://hdl.handle.net/10986/8399 |
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okr-10986-8399 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCORDS AGRICULTURAL SECTOR ANNUAL GROWTH BANKRUPTCY CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CENTRAL BANK COMPETITIVENESS COMPREHENSIVE STRATEGY CONTRACT ENFORCEMENT CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS DUTIES DEBT DEBT BURDEN DEBT RELIEF DECENTRALIZATION DEVELOPING COUNTRIES DOMESTIC INVESTORS DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC REFORMS EXPLAINING CHANGES EXPORT EARNINGS EXPORT GROWTH EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION EXPORTS EXTERNAL FACTORS EXTERNAL SHOCKS FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL ECONOMY GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HIGH POVERTY HIGH TAXES INCOME POVERTY INCREASED INVESTMENT INCREASING INVESTMENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTEREST RATES INTERNATIONAL INVESTORS INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT DISPUTES INVESTMENT LEVELS INVESTMENT RATE INVESTMENT RATES LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN LEGAL FRAMEWORK LIQUIDITY LIVING STANDARDS LONG-TERM GROWTH MACROECONOMIC MISMANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MARKET ACCESS NATURAL RESOURCES NEGATIVE IMPACT NON-TARIFF BARRIERS NON-TRADITIONAL EXPORTS PATENTS PER CAPITA GROWTH PERSISTENT POVERTY POLICY CHANGES POLICY INTERVENTIONS POLICY MAKERS POLITICAL INSTABILITY POVERTY LEVELS POVERTY RATE POVERTY RATES POVERTY REDUCTION PREFERENTIAL AGREEMENTS PREFERENTIAL TRADE PREFERENTIAL TRADING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROGRAM PRODUCTIVITY PRODUCTIVITY INCREASES PROFESSIONAL STAFF PROPERTY RIGHTS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC OPINION PUBLIC POLICY PUBLIC REVENUES PUBLIC SECTOR REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL INCOME REAL INCOMES REDUCING UNCERTAINTY REFORM PROGRAM REGIONAL STANDARDS REGULATORY BURDEN RISKY INVESTMENT SECTOR ACTIVITY SOCIAL STABILITY SOUTH AMERICA STABILIZATION REFORMS STRUCTURAL REFORMS SUSTAINABLE GROWTH TARIFF BARRIERS TARIFF STRUCTURE TAX BASE TAX SYSTEM TECHNICAL REGULATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENTS TRADE FACILITATION TRADE NEGOTIATIONS TRADE NEGOTIATORS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE REGIME TRADE RELATIONS TRADE SYSTEM TRADING PARTNERS UNEMPLOYMENT UNEMPLOYMENT RATE URBAN POVERTY VALUE-ADDED TAX WEAK ENFORCEMENT WORLD PRICES |
| spellingShingle |
ACCORDS AGRICULTURAL SECTOR ANNUAL GROWTH BANKRUPTCY CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CENTRAL BANK COMPETITIVENESS COMPREHENSIVE STRATEGY CONTRACT ENFORCEMENT CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS DUTIES DEBT DEBT BURDEN DEBT RELIEF DECENTRALIZATION DEVELOPING COUNTRIES DOMESTIC INVESTORS DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC REFORMS EXPLAINING CHANGES EXPORT EARNINGS EXPORT GROWTH EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION EXPORTS EXTERNAL FACTORS EXTERNAL SHOCKS FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL ECONOMY GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HIGH POVERTY HIGH TAXES INCOME POVERTY INCREASED INVESTMENT INCREASING INVESTMENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTEREST RATES INTERNATIONAL INVESTORS INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT DISPUTES INVESTMENT LEVELS INVESTMENT RATE INVESTMENT RATES LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN LEGAL FRAMEWORK LIQUIDITY LIVING STANDARDS LONG-TERM GROWTH MACROECONOMIC MISMANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MARKET ACCESS NATURAL RESOURCES NEGATIVE IMPACT NON-TARIFF BARRIERS NON-TRADITIONAL EXPORTS PATENTS PER CAPITA GROWTH PERSISTENT POVERTY POLICY CHANGES POLICY INTERVENTIONS POLICY MAKERS POLITICAL INSTABILITY POVERTY LEVELS POVERTY RATE POVERTY RATES POVERTY REDUCTION PREFERENTIAL AGREEMENTS PREFERENTIAL TRADE PREFERENTIAL TRADING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROGRAM PRODUCTIVITY PRODUCTIVITY INCREASES PROFESSIONAL STAFF PROPERTY RIGHTS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC OPINION PUBLIC POLICY PUBLIC REVENUES PUBLIC SECTOR REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL INCOME REAL INCOMES REDUCING UNCERTAINTY REFORM PROGRAM REGIONAL STANDARDS REGULATORY BURDEN RISKY INVESTMENT SECTOR ACTIVITY SOCIAL STABILITY SOUTH AMERICA STABILIZATION REFORMS STRUCTURAL REFORMS SUSTAINABLE GROWTH TARIFF BARRIERS TARIFF STRUCTURE TAX BASE TAX SYSTEM TECHNICAL REGULATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENTS TRADE FACILITATION TRADE NEGOTIATIONS TRADE NEGOTIATORS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE REGIME TRADE RELATIONS TRADE SYSTEM TRADING PARTNERS UNEMPLOYMENT UNEMPLOYMENT RATE URBAN POVERTY VALUE-ADDED TAX WEAK ENFORCEMENT WORLD PRICES World Bank Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment |
| geographic_facet |
Latin America & Caribbean America South America Bolivia |
| description |
Bolivia is today at a crossroads. Several years of growth were achieved in the early and mid 1990s resulting from structural reforms which encouraged an upswing in private investment and productivity gains. However, more recently a series of economic shocks have hit Bolivia. These shocks not only had a negative impact in and of themselves, but they also led to growing political and social instability and public disenchantment with the reform program, which has lost momentum in the past five years. This, in turn, reinforced an economic downturn, to the point where the gains in poverty reduction and employment creation of the 1990s have been lost. This report recommends that once a degree of political consensus and social stability is achieved, Bolivia should retake the reform agenda to promote private investment and productivity gains, tackling micro-level obstacles such as contract security, legal enforcement, legal and regulatory burden, and trade policy, among others. The report outlines policies that would allow Bolivia to achieve faster growth. Development and poverty have many dimensions, and growth is necessary-but not sufficient-for development and poverty reduction. This report is focused narrowly on growth. Drawing on long term trends, it diagnoses current problems in light of the country's growth objectives that are being supported by the Bank's overall program as articulated in the Country Assistance Strategy. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment |
| title_short |
Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment |
| title_full |
Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment |
| title_fullStr |
Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment |
| title_full_unstemmed |
Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment |
| title_sort |
bolivia : country economic memorandum, policies to improve growth and employment |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/10/6504356/bolivia-country-economic-memorandum-policies-improve-growth-employment http://hdl.handle.net/10986/8399 |
| _version_ |
1764405352992866304 |
| spelling |
okr-10986-83992021-04-23T14:02:39Z Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment World Bank ACCORDS AGRICULTURAL SECTOR ANNUAL GROWTH BANKRUPTCY CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CENTRAL BANK COMPETITIVENESS COMPREHENSIVE STRATEGY CONTRACT ENFORCEMENT CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS DUTIES DEBT DEBT BURDEN DEBT RELIEF DECENTRALIZATION DEVELOPING COUNTRIES DOMESTIC INVESTORS DOMESTIC MARKET DOMESTIC MARKETS ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC REFORMS EXPLAINING CHANGES EXPORT EARNINGS EXPORT GROWTH EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION EXPORTS EXTERNAL FACTORS EXTERNAL SHOCKS FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL ECONOMY GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HIGH POVERTY HIGH TAXES INCOME POVERTY INCREASED INVESTMENT INCREASING INVESTMENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTEREST RATES INTERNATIONAL INVESTORS INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT DISPUTES INVESTMENT LEVELS INVESTMENT RATE INVESTMENT RATES LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN LEGAL FRAMEWORK LIQUIDITY LIVING STANDARDS LONG-TERM GROWTH MACROECONOMIC MISMANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MARKET ACCESS NATURAL RESOURCES NEGATIVE IMPACT NON-TARIFF BARRIERS NON-TRADITIONAL EXPORTS PATENTS PER CAPITA GROWTH PERSISTENT POVERTY POLICY CHANGES POLICY INTERVENTIONS POLICY MAKERS POLITICAL INSTABILITY POVERTY LEVELS POVERTY RATE POVERTY RATES POVERTY REDUCTION PREFERENTIAL AGREEMENTS PREFERENTIAL TRADE PREFERENTIAL TRADING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROGRAM PRODUCTIVITY PRODUCTIVITY INCREASES PROFESSIONAL STAFF PROPERTY RIGHTS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC OPINION PUBLIC POLICY PUBLIC REVENUES PUBLIC SECTOR REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL INCOME REAL INCOMES REDUCING UNCERTAINTY REFORM PROGRAM REGIONAL STANDARDS REGULATORY BURDEN RISKY INVESTMENT SECTOR ACTIVITY SOCIAL STABILITY SOUTH AMERICA STABILIZATION REFORMS STRUCTURAL REFORMS SUSTAINABLE GROWTH TARIFF BARRIERS TARIFF STRUCTURE TAX BASE TAX SYSTEM TECHNICAL REGULATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENTS TRADE FACILITATION TRADE NEGOTIATIONS TRADE NEGOTIATORS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE REGIME TRADE RELATIONS TRADE SYSTEM TRADING PARTNERS UNEMPLOYMENT UNEMPLOYMENT RATE URBAN POVERTY VALUE-ADDED TAX WEAK ENFORCEMENT WORLD PRICES Bolivia is today at a crossroads. Several years of growth were achieved in the early and mid 1990s resulting from structural reforms which encouraged an upswing in private investment and productivity gains. However, more recently a series of economic shocks have hit Bolivia. These shocks not only had a negative impact in and of themselves, but they also led to growing political and social instability and public disenchantment with the reform program, which has lost momentum in the past five years. This, in turn, reinforced an economic downturn, to the point where the gains in poverty reduction and employment creation of the 1990s have been lost. This report recommends that once a degree of political consensus and social stability is achieved, Bolivia should retake the reform agenda to promote private investment and productivity gains, tackling micro-level obstacles such as contract security, legal enforcement, legal and regulatory burden, and trade policy, among others. The report outlines policies that would allow Bolivia to achieve faster growth. Development and poverty have many dimensions, and growth is necessary-but not sufficient-for development and poverty reduction. This report is focused narrowly on growth. Drawing on long term trends, it diagnoses current problems in light of the country's growth objectives that are being supported by the Bank's overall program as articulated in the Country Assistance Strategy. 2012-06-19T14:27:42Z 2012-06-19T14:27:42Z 2005-10 http://documents.worldbank.org/curated/en/2005/10/6504356/bolivia-country-economic-memorandum-policies-improve-growth-employment http://hdl.handle.net/10986/8399 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Latin America & Caribbean America South America Bolivia |