Uganda Country Economic Memorandum

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?

Bibliographic Details

Main Authors:	World Bank, Government of Uganda
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Kampala, Uganda 2015-06
Subjects:	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,
Online Access:	http://documents.worldbank.org/curated/en/2015/06/25933496/uganda-country-economic-memorandum-economic-diversification-growth-era-oil-volatility-full-report https://hdl.handle.net/10986/24789
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