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Uganda Country Economic Memorandum : Economic Diversification and Growth in the Era of Oil and Volatility

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World Bank (WB)

Abstract: 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?
Type: Report
Economic & Sector Work :: Country Economic Memorandum
Economic & Sector Work
Link: http://hdl.handle.net/10986/24789
Subject: 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




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