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. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … delivery of services, will be good for Germany and for the global economy. Absent such an effort, German growth will remain … constrained, and Germany will play only a modest role in spurring growth elsewhere. …
Persistent link: https://www.econbiz.de/10011142028
This paper discusses the First Progress Report on the implementation of the Poverty Reduction Strategy (PRS) in Serbia. The Poverty Reduction Strategy Paper (PRSP) for Serbia and its implementation complement the efforts of Serbia in the European Union integration process. The PRSP also includes...
Persistent link: https://www.econbiz.de/10011245601
The key findings of Republic of Armenia’s Second Poverty Reduction Strategy Paper are reviewed. Macroeconomic and fiscal framework has been completely revised, taking into account the 2007 outcomes, tendencies developed during 2008, and challenges, particularly the projected increase of...
Persistent link: https://www.econbiz.de/10011245722
available labor. In the aftermath of the crisis, boosting growth is essential to prevent unemployment from becoming a long … unemployment rates and lower participation rates, on the other hand, cannot easily be attributed to individual preferences. Here …. Differences in labor taxation, unemployment benefit systems, and employment protection will need to be reduced. Improving …
Persistent link: https://www.econbiz.de/10011245859
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
This 2005 Article IV Consultation highlights that Finland’s economic performance in recent years continued to be favorable. Growth has outpaced that in the euro area and is expected to pick up to more than 3 percent in 2006. The external current account has remained comfortably in...
Persistent link: https://www.econbiz.de/10005824947
This Second Progress Report on Tajikistan’s Poverty Reduction Strategy Paper (PRSP) discusses key developments in the status and dynamics of poverty-related indicators in the country during 2004. Although economic growth has generated significant reductions in poverty rates in the past...
Persistent link: https://www.econbiz.de/10005824948
The Poverty Reduction Strategy Paper (PRSP) has been developed for eradicating poverty in Armenia. It analyzes the poverty situation of Armenia, and evaluates the methodology and methodological issues. It discusses the PRSP goals, main policy directions, solution to poverty, and the reduction of...
Persistent link: https://www.econbiz.de/10005825381
This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and...
Persistent link: https://www.econbiz.de/10005604997
that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to …
Persistent link: https://www.econbiz.de/10005605174