Montenegro Achieving Sustainable and Inclusive Growth Amidst High Volatility
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World Bank, Washington, DC
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This Systematic County Diagnostics is
organized into six parts. The first part presents a brief
overview of the country’s recent socio-political and
economic context. The second part examines the links between
poverty, income distribution and economic growth, through
the labor market, against the background of large changes in
international capital flows and the unfinished structural
reform agenda. The third part, examines the sustainability
and vulnerability of the current growth model. The fourth
part examines the structural constraints to sustainable and
inclusive growth and poverty reduction, while the fifth part
reviews the governance and the rule of law foundations. The
assessment of each constraint is followed by a description
of what the Government of Montenegro (GoM) is doing to
address the issue. The sixth part examines priorities and opportunities.
Palabras clave
SOCIAL COSTS, RISKS, CAPITAL MARKETS, UNEMPLOYMENT RATES, GOVERNMENT EXPENDITURES, ECONOMIC GROWTH, ENVIRONMENTAL PROTECTION, AIR QUALITY, WASTE MANAGEMENT, BISEXUAL, REDUCING EMISSIONS, ANTENATAL CARE, AGRICULTURAL PRODUCTION, EXPECTATIONS, MARKET FACTORS, PRODUCERS, PROPERTY RIGHTS, BALANCE OF PAYMENTS, FINANCIAL RESOURCES, SOCIAL WORK, LABOR FORCE, EMISSIONS, POLITICAL ECONOMY, REVENUES, ENVIRONMENTAL ISSUES, ECONOMIC PROBLEMS, ENVIRONMENTAL REGULATIONS, INCENTIVES, HEALTH, EQUILIBRIUM, MODELS, REAL WAGES, SUSTAINABLE DEVELOPMENT, PUBLIC HEALTH, DEVELOPED COUNTRIES, LIFE EXPECTANCY, KNOWLEDGE, ECONOMIC ACTIVITY, FISCAL POLICIES, ARABLE LAND, ENVIRONMENTAL RISK, LABOR COSTS, CROWDING OUT, OIL, TRADEOFFS, SOCIAL EXCLUSION, EXTERNAL COSTS, AGING, LABOR PRODUCTIVITY, OPTIONS, MIGRATION, GROSS NATIONAL PRODUCT, DEBT, POLLUTION, DISASTERS, FORESTRY, BENEFIT ANALYSIS, ECONOMIC POLICIES, GROSS EARNINGS, NATURAL RESOURCES, METALS, SUBSIDIES, EFFICIENCY, FISHING, FOOD PRODUCTION, MARKET ECONOMIES, TAXES, CANCER, ACCESS TO INFORMATION, LAND USE, RESOURCES, UNEMPLOYMENT, ENERGY CONSUMPTION, EQUITY, PRODUCTIVITY GROWTH, CONSUMPTION, ECONOMIC IMPACT, WAGES, CLIMATE CHANGE, SOCIAL SERVICES, VALUES, NET IMPORTS, ELECTRICITY DEMAND, IMMUNODEFICIENCY, POLICY MAKERS, CREDIT, PURCHASING POWER, DEMAND, NATIONAL INCOME, AGGREGATE DEMAND, EXPENDITURES, PROPERTY, TAX RATES, ENVIRONMENTAL PERFORMANCE, ENVIRONMENT, STREAMS, ECONOMICS, TERMS OF TRADE, WASTE DISPOSAL, TAX REVENUE, INTERNET, ENERGY EFFICIENCY, ECONOMIC DEVELOPMENT, COMMUNICABLE DISEASES, TRADE, POLLUTERS, LAND, CHILDREN, ECONOMIES OF SCALE, TRANSFER PAYMENTS, DRINKING WATER, TRADE TAXES, HEALTH PROBLEMS, COMMERCIAL BANKS, ADMINISTRATIVE PROCEDURES, COMPARATIVE ADVANTAGE, PUBLIC PARTICIPATION, REVENUE, PRIVATE CONSUMPTION, HIGH UNEMPLOYMENT, RISK MANAGEMENT, LIVING CONDITIONS, EFFLUENTS, PASTURES, ENVIRONMENTAL, LABOR MARKETS, WETLANDS, STRUCTURAL UNEMPLOYMENT, DEMOGRAPHICS, PRICES, PRODUCTION COSTS, ECONOMIC CONDITIONS, ECONOMIES, PUBLIC GOODS