Uganda - Moving Beyond Recovery : Investment and Behavior Change, For Growth, Volume 1. Summary and Recommendations
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Washington, DC
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In 2006 most of the people of Uganda,
with the notable exception of those in the conflict-blighted
Northern Region, enjoy a better quality of life and brighter
opportunities in a stable and growing economy. Uganda's
economy has bounced back beyond what could be regarded as
recovery, with real incomes per person now exceeding the
levels reached at Independence in 1962. The report structure
is as follows: volume one synthesizes the conclusions from
analysis in Volume two. In Chapter 1 of Volume two, emphasis
is placed on understanding what drove past growth at macro
and sector levels, and in particular, on how Uganda's
firms and farms have evolved. Chapter 2 continues the
retrospective of past growth in agriculture, the most
important sector of the economy. The report provides a
comprehensive review of growth trends in agriculture, using
several data sources. The chapter provides fresh insights on
recent trends in poverty and inequality. Chapter 3 presents
growth diagnosis and it identifies short-term actions to
remove emerging constraints to present and near-term future
growth. Chapter 4 models alternative future growth paths and
the impact o f alternative public investments on growth
using a SAM-based CGE model. The analysis reveals there is
little to be gained from 'robbing Peter to pay
Paul' for example fixing infrastructure by reducing
education financing. Chapters 6 and 7 return to the
short-term priorities to remove binding constraints to
growth, and put meat on the actions identified in Chapter 3
as being required in the financial sector (Chapter 6) and in
infrastructure (Chapter 7). Finally, Chapter 8 ends by
assessing the scope for an externally financed scale up of infrastructure.
Palabras clave
ABSENTEEISM, ACCESS TO CREDIT, ACCESSIBILITY, ACCOUNTABILITY, ACCOUNTING, ADVERSE SELECTION, AGRICULTURAL OUTPUT, AGRICULTURE, AIR, AIR CARGO, AIRPORTS, AVERAGE GROWTH, AVERAGE PRODUCTIVITY, BANK LENDING, BANKING REFORM, BANKING SECTOR, BANKING SYSTEM, BANKS, BENCHMARK, BOTTLENECKS, BUDGETARY PROCESSES, CAPITAL GOODS, CAPITAL GROWTH, CAPITAL INVESTMENT, CAPITAL SUBSIDIES, COMMODITIES, COMMODITY, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONGESTION, CONSOLIDATION, CONSUMER, CONTRACT ENFORCEMENT, CONTRIBUTIONS, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, DECISION MAKING, DEPOSIT, DEPOSITS, DEPRECIATION, DEVELOPMENT AGENCIES, DEVELOPMENT ASSISTANCE, DIMINISHING RETURNS, DIRECT INVESTMENT, DISPOSABLE INCOMES, DIVERSIFICATION, DOMESTIC GOODS, DRIVING, DROUGHT, DROUGHTS, EARNINGS, ECONOMIC GROWTH, ECONOMIC MANAGEMENT, ECONOMIC REFORM, EMPLOYMENT, ENVIRONMENTAL DEGRADATION, EQUIPMENT, EXCHANGE RATE, EXPENDITURE, EXPORT COMPETITIVENESS, EXPORTERS, EXPORTS, EXTENSION SERVICES, EXTERNAL SHOCKS, EXTERNAL TRANSPORT, EXTERNALITIES, FAIR TRADING, FARES, FARM INCOMES, FINANCIAL INTERMEDIATION, FINANCIAL SECTOR, FINANCIAL SECTORS, FINANCIAL STABILITY, FINANCIAL SUPPORT, FISCAL SUSTAINABILITY, FOREIGN DIRECT INVESTMENT, FREIGHT, FREIGHT COSTS, FUEL, FUEL COSTS, FUEL PRICES, FUTURE GROWTH, GROSS FIXED CAPITAL FORMATION, GROWTH POTENTIAL, GROWTH THEORIES, HEALTH SERVICES, HIGH ENERGY, HIGH TRANSPORT, HOUSING, HUMAN CAPITAL, HUMAN RESOURCE, IMPORT COSTS, INCOME GROWTH, INDIRECT COSTS, INEFFICIENCY, INFLATION, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PROJECTS, INSPECTION, INSURANCE, INTEREST RATE, INTEREST RATE SPREADS, INTEREST RATES, INTERNATIONAL FREIGHT TRANSPORT, INVESTING, INVESTMENT CLIMATE, INVESTMENT CLIMATE ASSESSMENT, INVESTMENT FINANCING, INVESTMENT RATES, INVESTMENT REQUIREMENTS, INVESTMENT RETURNS, JOURNEY, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LAND TRANSPORT, LARGE FIRMS, LEVEL PLAYING FIELD, LOWER INCOMES, MARKET ANALYSIS, MARKET CONDITIONS, MARKET DEMAND, MARKET DEMANDS, MARKET FAILURES, MARKETING, MIGRATION, MONOPOLY, NATIONAL INCOME, NATURAL RESOURCES, OPPORTUNITY COSTS, OVERHEAD COSTS, PEDESTRIAN, PENSION, PENSION REFORM, PER CAPITA INCOME, PER CAPITA INCOMES, POLITICAL STABILITY, POPULATION DENSITY, POPULATION GROWTH, PRICE VOLATILITY, PRIMARY EDUCATION, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PRIVATE SECTOR PRODUCTIVITY, PRIVATIZATION, PRODUCT MARKETS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFITABILITY, PROPERTY RIGHTS, PROSPERITY, PUBLIC GOODS, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC OWNERSHIP, PUBLIC POLICIES, PUBLIC POLICY, PUBLIC SERVICE DELIVERY, PUBLIC SERVICES, PUBLIC WORKS, RAIL, RAIL LINK, RAIL SERVICES, RAIL TRANSPORTATION, RAILROAD, RAILWAY, RAILWAY NETWORK, RAILWAYS, RAPID DEMOGRAPHIC TRANSITION, RAPID GROWTH, RAPID POPULATION GROWTH, REAL GDP, REGULATORY FRAMEWORK, REMITTANCES, RENT SEEKING, RESETTLEMENT, RESOURCE MANAGEMENT, RETURN, RISK AVERSION, RISK MANAGEMENT, ROAD, ROAD NETWORK, ROAD TRANSPORT, ROADS, RURAL FINANCE, RURAL INFRASTRUCTURE, RURAL ROADS, RURAL TRANSPORT, SAFETY, SAFETY NET, SAFETY NETS, SALES, SAVINGS, SAVINGS RATES, SECONDARY EDUCATION, SECONDARY SCHOOLS, SOCIAL SERVICES, SOCIAL WELFARE, SOFT LOANS, STOCKS, TAX, TAX EXEMPTIONS, TAX INCENTIVES, TAX RATES, TELECOMMUNICATIONS, TOTAL FACTOR PRODUCTIVITY, TRADE BALANCE, TRADE DEFICIT, TRAFFIC, TRANSPORT, TRANSPORT CORRIDORS, TRANSPORT COSTS, TRANSPORT FACILITIES, TRANSPORT INFRASTRUCTURE, TRANSPORT MODES, TRANSPORT OPERATORS, TRANSPORT SECTOR, TRANSPORT SERVICES, TRANSPORT SYSTEM, TRANSPORTATION, TRANSPORTATION SERVICES, TRUCKS, TRUE, TRUST FUNDS, UNEMPLOYED, URBANIZATION, VALUABLE, VEHICLE, VEHICLE OPERATING, VEHICLE OPERATING COSTS, WATER SUPPLY, WEALTH, WITHDRAWAL, WORLD MARKETS, WORTH