Bulgaria’s Potential for Sustainable Growth and Shared Prosperity

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dc.creatorWorld Bank Group
dc.date2015-11-20T22:02:41Z
dc.date2015-11-20T22:02:41Z
dc.date2015-07-29
dc.date.accessioned2026-07-01T00:49:42Z
dc.descriptionAfter years of strong performance in the run-up to the European Union (EU) accession, Bulgaria’s growth has slowed down and poverty remains the highest in the EU. Bulgaria achieved the highest recorded growth rates between 2000-08 on the back of exceptionally high capital inflows, structural reforms, sound fiscal management and the prospects of EU accession. Employment boomed and poverty fell steeply. Since 2008 – the year of global economic crisis – economic growth has been sluggish, poverty on the rise and income gains of the bottom 40 percent. Recently, labor markets and poverty have shown some signs of respite but new growth drivers and a sustained reform commitment will be needed for the current generation of Bulgarians to obtain EU living standards. This Systematic Country Diagnostic (SCD) identifies three policy areas with the potential to transform the economy and achieve this objective: (1) strengthening the institutional and legal framework for good governance; (2) boosting the skills and employability5 of all Bulgarians; and (3) improving the effectiveness and efficiency of public spending. Drawing on an extensive body of previous and current work carried out by the Bank, as well as local and foreign experts, the SCD discusses drivers and constraints to growth and uses an asset-based framework to understand how micro and macro-economic forces shape the income profile and dynamics of the bottom 40 percent of the population.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/10/25119154/bulgaria’s-potential-sustainable-growth-shared-prosperity-systematic-country-diagnostic
dc.identifierhttps://hdl.handle.net/10986/23116
dc.identifierhttps://doi.org/10.1596/23116
dc.identifier.urihttp://hdl.handle.net/123456789/411620
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationSystematic Country Diagnostic;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectTARIFFS
dc.subjectEMPLOYMENT
dc.subjectFISH
dc.subjectUNEMPLOYMENT RATES
dc.subjectECONOMIC GROWTH
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectMULTIPLIERS
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectRETIREMENT
dc.subjectETHNIC MINORITIES
dc.subjectDISPOSABLE INCOME
dc.subjectINTEREST
dc.subjectEXPECTATIONS
dc.subjectINDUSTRY
dc.subjectPRODUCERS
dc.subjectRESOURCE MANAGEMENT
dc.subjectPROPERTY RIGHTS
dc.subjectBANKING SYSTEM
dc.subjectSTRATEGIES
dc.subjectTIMBER
dc.subjectRESOURCE ALLOCATION
dc.subjectETHNIC GROUPS
dc.subjectLABOR FORCE
dc.subjectWATER SUPPLY
dc.subjectSERVICES
dc.subjectPUBLIC SERVICES
dc.subjectREVENUES
dc.subjectENVIRONMENTAL ISSUES
dc.subjectFISCAL POLICY
dc.subjectSUSTAINABLE MANAGEMENT
dc.subjectINCENTIVES
dc.subjectMODELS
dc.subjectPROJECTS
dc.subjectREAL WAGES
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectECONOMIC STABILITY
dc.subjectLEVEL PLAYING FIELD
dc.subjectNET SAVINGS
dc.subjectAUDITS
dc.subjectSAFETY NETS
dc.subjectECONOMIC ACTIVITY
dc.subjectMACROECONOMIC STABILITY
dc.subjectPUBLIC POLICY
dc.subjectFISCAL POLICIES
dc.subjectCLIMATIC CONDITIONS
dc.subjectSAVINGS
dc.subjectOIL
dc.subjectCONTRACT ENFORCEMENT
dc.subjectNATURAL CAPITAL
dc.subjectTRANSPORT
dc.subjectPOPULATION GROWTH
dc.subjectPRODUCTIVITY
dc.subjectOPTIONS
dc.subjectLABOR PRODUCTIVITY
dc.subjectMIGRATION
dc.subjectTRANSFERS
dc.subjectMARKET LIBERALIZATION
dc.subjectCRITERIA
dc.subjectBARRIERS TO ENTRY
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectLOCAL GOVERNMENT
dc.subjectDEPOSIT INSURANCE
dc.subjectFORESTRY
dc.subjectECONOMIC POLICIES
dc.subjectPUBLIC SERVICE PROVISION
dc.subjectLABOR
dc.subjectENTERPRISES
dc.subjectPOLICY DECISIONS
dc.subjectECONOMIC SPECIALIZATION
dc.subjectNATURAL RESOURCES
dc.subjectSUBSIDIES
dc.subjectLEGAL FRAMEWORK
dc.subjectFINANCE
dc.subjectEFFICIENCY
dc.subjectINFRASTRUCTURE
dc.subjectTAXES
dc.subjectBANKING SECTOR
dc.subjectLAND USE
dc.subjectEFFECTIVE USE
dc.subjectBANKS
dc.subjectRESOURCES
dc.subjectUNEMPLOYMENT
dc.subjectENERGY CONSUMPTION
dc.subjectEQUITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectCONSUMPTION
dc.subjectSOCIAL SAFETY NETS
dc.subjectECONOMIC IMPACT
dc.subjectACCOUNTABILITY
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectCLIMATE CHANGE
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL POLICIES
dc.subjectVALUES
dc.subjectVALUE
dc.subjectPENSIONS
dc.subjectBANK
dc.subjectCREDIT
dc.subjectPURCHASING POWER
dc.subjectPATENTS
dc.subjectDEMAND
dc.subjectSUSTAINABLE USE
dc.subjectNATIONAL INCOME
dc.subjectSUSTAINABLE GROWTH
dc.subjectPUBLIC EXPENDITURES
dc.subjectECONOMIES OF SCOPE
dc.subjectFINANCIAL PERFORMANCE
dc.subjectEXPENDITURES
dc.subjectWORKING POOR
dc.subjectPROPERTY
dc.subjectLOGGING
dc.subjectFISCAL YEAR
dc.subjectENVIRONMENT
dc.subjectGLOBAL CLIMATE CHANGE
dc.subjectSTREAMS
dc.subjectECONOMICS
dc.subjectPUBLIC DEBT
dc.subjectENERGY EFFICIENCY
dc.subjectGOVERNANCE
dc.subjectINSURANCE
dc.subjectBUSINESS CYCLES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectTRADE
dc.subjectLAND
dc.subjectDRINKING WATER
dc.subjectRISK
dc.subjectHEALTH PROBLEMS
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectPUBLIC PARTICIPATION
dc.subjectFARMS
dc.subjectBANKING
dc.subjectREVENUE
dc.subjectNATIONAL INCOME ACCOUNTING
dc.subjectPRIVATE CONSUMPTION
dc.subjectPERSONAL SAVINGS
dc.subjectRISK MANAGEMENT
dc.subjectLIVING CONDITIONS
dc.subjectBANKING SUPERVISION
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectENVIRONMENTAL
dc.subjectCOST SAVINGS
dc.subjectLABOR MARKETS
dc.subjectGOVERNMENTS
dc.subjectCIVIL SERVICE
dc.subjectPUBLIC GOOD
dc.subjectHEALTH SERVICES
dc.subjectPRICES
dc.subjectDEMOGRAPHICS
dc.subjectPRODUCTION COSTS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIES
dc.titleBulgaria’s Potential for Sustainable Growth and Shared Prosperity
dc.titleSystematic Country Diagnostic
dc.typeReport
dc.typeRapport
dc.typeInforme

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