Dismantling Russia's Nonpayments System


Book Description

One question preoccupies many scholars and practitioners: How can economic growth in the Russian Federation be reinvigorated? This report contributes to the current debate.Nonpayments in Russia evolved into a complex, inter-linked system over the latter half of the 1990s, becoming one of the most critical issues facing policymakers. This paper analyzes this system, including its origins, its evolution, the factors that now perpetuate it, and its costs, and identifies a minimum set of economic reforms needed to dismantle it. The paper also proposes answers to key questions about nonpayments, including: • How has its course been influenced by government policy at the federal and subnational levels? • What are the links with macroeconomic policy? • What is the role of the energy sector, and how has the system affected the way businesses operate? • What are the implications for economic growth? • How indeed, as part of Russia's transition to a monetized, market economy, did the nonpayments system come to exert a stranglehold on virtually every aspect of the economy? This report will be of interest to policymakers and economists interested in transition economies.




Design and Appraisal of Rural Transport Infrastructure


Book Description

Printed on Demand. Limited stock is held for this title. If you would like to order 30 copies or more please contact [email protected] Contact [email protected], if currently unavailable. This paper is part of a four-volume series of publications on rural transport promoted by the World Bank's Rural Transport Thematic Group under the aegis of its knowledge management activities. The four volumes are Options for Managing and Financing Rural Transport Infrastructure, Improving Rural Mobility, Developing Rural Transport Policies and Strategies, and this paper on Design and Appraisal of Rural Transport Infrastructure.




Russia's Capitalist Revolution


Book Description







How Does My Country Grow?


Book Description

Written by a former World Bank economist, How Does My Country Grow? distils growth policy lessons from the author's first-hand experience in Poland, Kenya, India, and Russia, and his contributions to the economic policy debates that followed the emerging market crises of 1997 to 2001, extending up to the global financial crisis of 2008-09. Based on living and working in the field, the author argues that country economic analysis is in effect a separate, integrative branch of economics that draws upon but is distinct from academic economics. The country stories recounted, reinforced by the emerging market experience since the 1980s, point to a canonical growth policy package built around three interconnected elements: the intertemporal budget constraint of the government; the micropolicy trio of hard budgets, competition and competitive real exchange rates; and managing volatility from external, but especially domestic, sources. This package is underpinned by good governance, which finds its most immediate expression in the management of the public finances. While the discussion is tilted towards developing countries, the insights have considerable relevance for advanced economies, many of which today are in the throes of their own growth-cum-sovereign debt crises.




Institutional Environment and Public Officials' Performance in Guyana


Book Description

This report presents the findings of a survey of public officials in Guyana, on a wide range of civil service issues from personnel management practices to rewards and disciplinary action, and from budget environment to corruption. The objective of the study is to draw conclusions about those institutional weaknesses that should be the immediate target for reform.




The City Poverty Assessment


Book Description

Cities and towns are increasingly becoming the primary locus of poverty in many countries. Rural-urban migration and low urban mortality rates have contributed to the rapid population growth of cities in many parts of the world. With such rapid growth comes an increasing concentration of poverty in urban areas. In parallel, more countries assign local governments increased responsibility in fighting poverty. With decentralization, the responsibility of local social policy goes beyond the execution of centrally designed and funded education and health programs. In many countries, local policymakers today decide on tax rates, expenditure policies, development of new assistance programs, incentives for local economic development, land and zoning laws, and more. The formulation of pro-poor local policies requires good information analyses. Local governments and their partners have both an opportunity and a need to understand the determinants of poverty and impediments for its reduction. This paper is an introduction to how such local information on poverty can be gathered and analyzed. It provides local policy makers with a broad overview of the type of questions typically asked and answered in 'City Poverty Assessments'. As the nature of poverty differs widely between cities and countries, so will the content of such poverty assessments as they have to be adapted to local needs. This publication will be of interest to city policy makers, international organizations, nogovernmental organizations, and urban practitioners.




Armenia


Book Description

This book compares the recent evolution of the structure of inputs and expenditure in Armenia's general education with international norms and practice. In the context of the government's sectoral reform strategy, it also outlines various proposals for restructuring the system. The study clarifies what inefficiencies might mean for future costs and performance of the system, highlights the trade-offs involved, and identifies measures needed to overcome constraints to rationalization.




The Oxford Handbook of the Russian Economy


Book Description

This Handbook is the most comprehensive up-to-date study of the Russian economy available. Russian and western authors analyze the current economic situation, trace the impact of Soviet legacies and of post-Soviet transition policies, examine the main social challenges, and propose directions for reforms.




Russia's Uncertain Economic Future


Book Description

The contributors to this volume analyze the present state of the Russian economy and its future prospects - which now seem brighter than at any previous time in the country's history. The Russian economy is now showing positive GDP growth and a positive balance of payments, portending a trend of sustained growth. The record of the Putin presidency with respect to the establishment of market-friendly legal and administrative environments is substantially positive. On the other side of the ledger, the contributors identify the persistence of monopolies in energy, transportation, and agriculture; distortions resulting from corruption, infrastructural inadequacies, and the maldistribution of political power and decision-making authority; demographic decline and the erosion of human capital as manifested in the health, education, and welfare of the population. Russia's successful development as a democratic society with a market economy is of great importance to its neighbors and to the global economy, and specifically to the United States, which is why the U.S. Congress commissioned these studies by expert analysts. This edition includes a comprehensive subject index, making the volume user-friendly.