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Structural Change and Dynamics of Labor Markets in Bangladesh (Hardcover, 1st ed. 2018)
Loot Price: R2,803
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Structural Change and Dynamics of Labor Markets in Bangladesh (Hardcover, 1st ed. 2018)
Series: South Asia Economic and Policy Studies
Expected to ship within 10 - 15 working days
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Outlining important policy requirements for Bangladesh to become an
upper middle-income country, the book presents research work
conducted during the project "Changing Labor Markets in Bangladesh:
Understanding Dynamics in Relation to Economic Growth and Poverty,"
sponsored by the International Development Research Center (IDRC),
Canada. Bangladesh has experienced remarkable economic growth rates
over the last decade. The country has recently been upgraded from a
low-income country (LIC) to a lower-middle-income country (LMIC) as
per the World Bank's classification system. By 2024, the country
also aspires to graduate from the United Nation's list of least
developed countries (LDC). The 7th five-year plan sets an ambitious
target of 8 percent growth in GDP by 2020. There are also steep
development targets to be achieved under the Sustainable
Development Goals (SDGs) by 2030. All these will require an
enormous leap forward from the current level of economic growth
rate and sustaining it in the future. The situation also calls for
considerable structural change in the economy, facilitating
large-scale economic diversification. Rapid expansion of
labor-intensive and high-productivity sectors, both in the farm and
nonfarm sectors, is thus crucial for Bangladesh. Further, this
should take place in conjunction with interventions to enhance
productivity, jobs and incomes in traditional and informal
activities where there are large pools of surplus labor. Given its
relevance for Bangladesh and applicability to many other developing
countries, the book offers a unique and pioneering resource for
researchers, industry watchers as well as policy makers.
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