Benin - Constraints to Growth and Potential for Diversification and Innovation : Country Economic Memorandum

World Bank

dc.creator	World Bank
dc.date	2012-03-19T17:23:57Z
dc.date	2012-03-19T17:23:57Z
dc.date	2009-06-18
dc.date.accessioned	2023-02-17T20:46:58Z
dc.date.available	2023-02-17T20:46:58Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090721001130
dc.identifier	http://hdl.handle.net/10986/3078
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243418
dc.description	With favorable geographical location, macroeconomic stability, debt reduction, progress on structural reforms, and political stability, Benin will seem to have the foundations for a dynamic, diversified economy. Yet the country's economic structure has not evolved, remaining highly dependent on cotton and transit trade, and per-capita growth has slowed down in recent years. The government has requested the World Bank's assistance in understanding the constraints to growth and evaluating the country's potential for diversification and innovation as it seeks to lead the country to emerging market status by 2020. The government is well aware that the vulnerabilities associated with the country's dependence on cotton and transit trade impede the attainment of this goal. Response to the government's request, the objective of the Benin Country Economic Memorandum (CEM) is therefore to identify and analyze the key economic and institutional constraints to growth, including through diversification and innovation. The CEM contains four main chapters, each providing theoretical or empirical analyses of Benin's economic situation and prospects: a) cross-sectoral binding constraints to growth; b) analysis of specific constraints in the cotton and transit trade sectors; c) diversification and innovation potential; and d) political economy of growth.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO CAPITAL
dc.subject	ACCOUNTING
dc.subject	AGRICULTURAL OUTPUT
dc.subject	AGRICULTURE
dc.subject	ANALYTICAL METHODS
dc.subject	ANNUAL INFLATION RATES
dc.subject	BANK CREDIT
dc.subject	BARRIER
dc.subject	BENCHMARK
dc.subject	BENCHMARKING
dc.subject	BINDING CONSTRAINT
dc.subject	BINDING CONSTRAINTS
dc.subject	BORROWER
dc.subject	BROAD MONEY
dc.subject	BUSINESS ENVIRONMENT
dc.subject	CAPITAL ACCOUNT
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL MARKETS
dc.subject	CAPITAL SHARE
dc.subject	CENTRAL BANK
dc.subject	COLLATERAL
dc.subject	COLLATERAL REQUIREMENTS
dc.subject	COMMERCIAL BANK
dc.subject	COMMODITIES
dc.subject	COMMODITY
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPETITIVENESS
dc.subject	CONSUMER GOODS
dc.subject	CONTRACT ENFORCEMENT
dc.subject	CONTRIBUTION
dc.subject	COST OF CAPITAL
dc.subject	COST OF FINANCE
dc.subject	COUNTRY MARKETS
dc.subject	COUNTRY RISK
dc.subject	CREDIT DEPOSIT
dc.subject	CURRENCY
dc.subject	DEBT
dc.subject	DEBT BURDEN
dc.subject	DEBT MANAGEMENT
dc.subject	DEBT MATURITY
dc.subject	DEBT REDUCTION
dc.subject	DEBT RELIEF
dc.subject	DEMOCRACIES
dc.subject	DEMOCRACY
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT PATH
dc.subject	DEVELOPMENT STRATEGY
dc.subject	DISSEMINATION OF INFORMATION
dc.subject	DIVERSIFICATION
dc.subject	DIVERSIFICATION STRATEGY
dc.subject	DIVIDENDS
dc.subject	DOMESTIC FINANCIAL MARKET
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC CONSTRAINTS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC MANAGEMENT
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC REFORMS
dc.subject	ECONOMIC SITUATION
dc.subject	ECONOMIC STRUCTURE
dc.subject	EMERGING MARKET
dc.subject	EMERGING MARKET ECONOMY
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXPORT SECTORS
dc.subject	EXPORT SHARE
dc.subject	EXPORTERS
dc.subject	EXPORTS
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNALITIES
dc.subject	FACTORS OF PRODUCTION
dc.subject	FERTILITY RATE
dc.subject	FERTILITY RATES
dc.subject	FINANCIAL SERVICES
dc.subject	FISCAL DEFICITS
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN FUNDS
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN MARKETS
dc.subject	FOREIGN TRADE
dc.subject	FORMAL ECONOMY
dc.subject	FRAUD
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GNP
dc.subject	GNP PER CAPITA
dc.subject	GOVERNANCE INDICATORS
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT POLICIES
dc.subject	GOVERNMENT REVENUES
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROWTH POLICIES
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	GROWTH RATES
dc.subject	HARMONIZATION
dc.subject	HOLDING
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN DEVELOPMENT
dc.subject	IMMUNIZATION
dc.subject	IMPERFECT COMPETITION
dc.subject	IMPORT BARRIERS
dc.subject	INCENTIVE STRUCTURE
dc.subject	INCOME
dc.subject	INCREASING RETURNS
dc.subject	INCREASING RETURNS TO SCALE
dc.subject	INFLATION
dc.subject	INFLATION RATES
dc.subject	INFORMAL ECONOMY
dc.subject	INHERITANCE
dc.subject	INSTITUTIONAL CONSTRAINTS
dc.subject	INSURANCE
dc.subject	INTERNATIONAL COMPETITION
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL MARKETS
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT CLIMATE ASSESSMENT
dc.subject	INVESTMENT OPPORTUNITIES
dc.subject	INVESTMENT PROJECTS
dc.subject	INVESTMENT RESOURCES
dc.subject	KNOWLEDGE ECONOMY
dc.subject	LACK OF COLLATERAL
dc.subject	LAISSEZ FAIRE
dc.subject	LAND OWNERSHIP
dc.subject	LIFE EXPECTANCY
dc.subject	LIQUIDITY
dc.subject	LOAN
dc.subject	LOAN BALANCE
dc.subject	LOAN MATURITY
dc.subject	LOCAL FINANCE
dc.subject	LOCAL MARKET
dc.subject	LONG TERM CAPITAL
dc.subject	LOW INCOME
dc.subject	LOW-INCOME
dc.subject	LOW-INCOME COUNTRY
dc.subject	MACROECONOMIC INSTABILITY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC STABILIZATION
dc.subject	MARKET CONDITIONS
dc.subject	MARKET DISCIPLINE
dc.subject	MARKET ECONOMY
dc.subject	MARKET FAILURE
dc.subject	MARKET FAILURES
dc.subject	MARKET REFORMS
dc.subject	MARKET SHARES
dc.subject	MATURITY STRUCTURE
dc.subject	MEDIUM ENTERPRISES
dc.subject	MICRO-ENTERPRISES
dc.subject	MICROFINANCE
dc.subject	MICROFINANCE INSTITUTIONS
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICIES
dc.subject	MONETARY POLICY
dc.subject	NATIONAL SAVINGS
dc.subject	NATURAL DISASTERS
dc.subject	NATURAL RESOURCE
dc.subject	NATURAL RESOURCES
dc.subject	NEW PRODUCTS
dc.subject	PENETRATION RATE
dc.subject	PER CAPITA INCOME
dc.subject	PER CAPITA INCOMES
dc.subject	POLITICAL ECONOMY
dc.subject	POLITICAL STABILITY
dc.subject	POLITICAL SYSTEM
dc.subject	PREFERENTIAL ACCESS
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE SECTOR GROWTH
dc.subject	PRIVATIZATION
dc.subject	PRODUCTION FUNCTION
dc.subject	PRODUCTIVE INVESTMENT
dc.subject	PROPERTY RIGHTS
dc.subject	PUBLIC EXPENDITURE
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC UTILITIES
dc.subject	PUBLIC-PRIVATE PARTNERSHIP
dc.subject	RATE OF RETURN
dc.subject	RATES OF RETURN
dc.subject	REAL COST
dc.subject	REAL COST OF CREDIT
dc.subject	REAL GDP
dc.subject	REAL GROWTH RATE
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY FRAMEWORKS
dc.subject	RETURN
dc.subject	RISK PREMIUMS
dc.subject	SAVINGS DEPOSITS
dc.subject	SENIOR
dc.subject	SENSITIVITY SCENARIOS
dc.subject	SHARE OF INVESTMENT
dc.subject	SHORT-TERM DEBT
dc.subject	SMALL ENTERPRISES
dc.subject	SUSTAINABLE ECONOMIC GROWTH
dc.subject	SUSTAINABLE GROWTH
dc.subject	TAX
dc.subject	TAX SYSTEM
dc.subject	TELECOMMUNICATIONS
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TOTAL FACTOR PRODUCTIVITY GROWTH
dc.subject	TRADE BARRIERS
dc.subject	TRADE LIBERALIZATION
dc.subject	TRADE POLICIES
dc.subject	TRADE POLICY
dc.subject	TRADE SECTORS
dc.subject	TRADE UNION
dc.subject	TRADING
dc.subject	TRADING ACTIVITIES
dc.subject	VALUE ADDED
dc.subject	VOLATILITY
dc.subject	VOTERS
dc.subject	WAGES
dc.subject	WORLD MARKETS
dc.subject	WORLD TRADE
dc.subject	WTO
dc.title	Benin - Constraints to Growth and Potential for Diversification and Innovation : Country Economic Memorandum
dc.type	Economic & Sector Work :: Country Economic Memorandum
dc.coverage	Africa
dc.coverage	West Africa
dc.coverage	Sub-Saharan Africa
dc.coverage	Benin