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Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union

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Author Info

  • Asad Alam
  • Paloma Anós Casero
  • Faruk Khan
  • Charles Udomsaph
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    Abstract

    The analysis presented in this report assembles, for the first time, evidence from a variety of sources in the countries of Eastern Europe and the former Soviet Union to show that policy and institutional reforms are important in achieving higher productivity growth. However, significant challenges remain in sustaining that growth. Many countries that started the reform process early, such as the new member states of the European Union, have come to resemble advanced market economies and face challenges in competing successfully in the global economy that are similar to the challenges faced by other European countries. For these new European Union members, the report argues, policies that facilitate innovation and firm expansion will be a key. But for other countries that started the reform process later, such as the countries of Southeastern Europe and the former Soviet Union, there is still a need to address the legacy of transition. For these countries, policies that accelerate restructuring and ease the entry and exit of firms will continue to be essential. This report - part of a series of regional studies of the World Bank's Europe and Central Asia region that has already covered poverty and inequality, the enhancement of job opportunities, trade and integration, migration and remittances, and the challenges posed by aging populations is intended as a contribution to the author thinking about how the World Bank may work more effectively with client states and other partners in the region to promote growth and foster higher living standards in a rapidly changing World.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6588/456240PUB0Box3101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 6588 and published in 2008.

    ISBN: 978-0-8213-7279-1
    Handle: RePEc:wbk:wbpubs:6588

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    Related research

    Keywords: Private Sector Development - E-Business Social Protections and Labor - Labor Policies Social Protections and Labor - Labor Markets Banks and Banking Reform Economic Theory and Research Finance and Financial Sector Development Macroeconomics and Economic Growth;

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    Citations

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    Cited by:
    1. Kravtsova, Victoria & Radosevic, Slavo, 2012. "Are systems of innovation in Eastern Europe efficient?," Economic Systems, Elsevier, vol. 36(1), pages 109-126.
    2. World Bank, 2011. "Challenges to Enterprise Performance in the Face of the Financial Crisis : Eastern Europe and Central Asia," World Bank Publications, The World Bank, number 2316.
    3. Itzhak Goldberg & John Gabriel Goddard & Smita Kuriakose & Jean-Louis Racine, 2011. "Igniting Innovation : Rethinking the Role of Government in Emerging Europe and Central Asia," World Bank Publications, The World Bank, number 2358.
    4. Lin, Winston T. & Chiang, Chung-Yean, 2011. "The impacts of country characteristics upon the value of information technology as measured by productive efficiency," International Journal of Production Economics, Elsevier, Elsevier, vol. 132(1), pages 13-33, July.
    5. Marialisa Motta & Ana Maria Oviedo & Massimiliano Santini, 2010. "An Open Door for Firms," World Bank Other Operational Studies 11086, The World Bank.

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