Uganda Country Economic Memorandum
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World Bank, Kampala, Uganda
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The objective of the Ugandan government
is to make Uganda an upper - middle income country within
thirty years. Economic diversification is a key component of
that strategy. The country economic memorandum (CEM) report
discusses how the emergence of oil and mineral production
can contribute to Uganda’s effort to promote economic
diversification as a means to achieve sustainable and shared
growth. Based on the lessons from international experience,
the report outlines the elements of a development and
diversification strategy, which the Ugandan government may
wish to consider in the design of its macroeconomic, fiscal,
and sectoral development policies. It then focuses on the
set of policies required to maximize the benefits of a
diversification strategy in an oil-producing country.
Finally it describes a series of actions which the
government should plan, and carry out to deal with a number
of specific implementation issues. The first part of the
report focuses on the importance of economic diversification
for Uganda and on the prospects and challenges of oil and
mineral development. It addresses the following three
issues: (a) why diversification is important for economic
development?; (b) where Uganda stands in that area and why
it should give a new impetus to its diversification
strategy?; and (c) what are the prospects, possible impact,
and challenges associated to oil and mining development for
Uganda’s economy?
Palabras clave
TARIFFS, FISH, GOVERNMENT EXPENDITURES, ECONOMIC GROWTH, RENEWABLE RESOURCES, ENVIRONMENTAL DAMAGES, ENVIRONMENTAL PROTECTION, MULTIPLIERS, PROVEN RESERVES, WASTE MANAGEMENT, SUSTAINABLE CONSUMPTION, DISPOSABLE INCOME, AGRICULTURAL PRODUCTION, EXPECTATIONS, MARGINAL COST, PRODUCERS, RESOURCE MANAGEMENT, PROPERTY RIGHTS, BALANCE OF PAYMENTS, FINANCIAL RESOURCES, TIMBER, LABOR FORCE, MARGINAL PRODUCT, POLITICAL ECONOMY, REVENUES, ENVIRONMENTAL ISSUES, INCENTIVES, EQUILIBRIUM, TAX SYSTEMS, MODELS, RETURNS TO SCALE, SUSTAINABLE DEVELOPMENT, AGRICULTURAL OUTPUT, DOMESTIC PRODUCTS, DEVELOPED COUNTRIES, AUDITS, ECONOMIC ACTIVITY, PRESENT VALUE, FISCAL POLICIES, CLIMATIC CONDITIONS, EXPLOITATION, OIL PRICES, ADEQUATE RESPONSE, LABOR COSTS, CROWDING OUT, OIL, GOVERNMENT REGULATIONS, NATURAL CAPITAL, POPULATION GROWTH, CAPITAL FORMATION, CONSTANT RETURNS TO SCALE, LABOR PRODUCTIVITY, OPTIONS, EXTERNALITIES, OPEC, DEBT, PRODUCTION TECHNOLOGY, POLLUTION, FORESTRY, ECONOMIC POLICIES, DIVIDENDS, PRICE SUBSIDIES, NATURAL RESOURCES, RATIONAL EXPECTATIONS, CRITICAL APPRAISAL, METALS, SUBSIDIES, EFFICIENCY, FISHING, TAXES, ACCESS TO INFORMATION, RESOURCES, UNEMPLOYMENT, EQUITY, ALTERNATIVE POLICIES, PRODUCTIVITY GROWTH, CONSUMPTION, ECONOMIC IMPACT, WAGES, VALUES, WAGE RIGIDITY, COMPLIANCE COSTS, MARKET PRICES, POLICY MAKERS, CREDIT, QUALITY STANDARDS, ENVIRONMENTAL IMPACTS, PURCHASING POWER, DIVISION OF LABOR, DEFORESTATION, DEMAND, CPI, SUSTAINABLE USE, MINES, NATIONAL INCOME, SUSTAINABLE GROWTH, AGGREGATE DEMAND, PUBLIC EXPENDITURES, INTERMEDIATE GOODS, EXPENDITURES, PROPERTY, DECISION MAKING, CORPORATE TAXES, TAX RATES, TRANSACTION COSTS, ENVIRONMENT, ECONOMICS, TERMS OF TRADE, SECURITIES, TAX REVENUE, CAPITAL GOODS, BUSINESS CYCLES, FISHERIES, ECONOMIC DEVELOPMENT, CARTELS, TRADE, LAND, ECONOMIES OF SCALE, COMPARATIVE ADVANTAGE, POSITIVE EXTERNALITIES, COAL, COMMODITY TAXES, OIL RESERVES, REVENUE, EMPIRICAL EVIDENCE, PRIVATE CONSUMPTION, RISK MANAGEMENT, LIVING CONDITIONS, MONOPOLISTIC COMPETITION, ECONOMISTS, TAX REFORM, INTERMEDIATE INPUTS, PROFITS, PRODUCTION PATTERNS, ENVIRONMENTAL, POLICY INSTRUMENTS, WETLANDS, PRICES, OIL SECTOR, ECONOMIC CONDITIONS, ECONOMIES, PUBLIC GOODS