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Attracting investment in Bangladesh - sectoral analyses - thematic assessment, a diagnostic trade integration study (Paperback)
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Attracting investment in Bangladesh - sectoral analyses - thematic assessment, a diagnostic trade integration study (Paperback)
Series: Directions in development
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Total price: R1,411
Discovery Miles: 14 110
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This is volume 3 of a three-volume publication on Bangladesh's
trade prospects. Bangladesh's ambition is to build on its very
solid growth and poverty reduction achievements, and accelerate
growth to become a middle income country by 2021, and share
prosperity more widely amongst its citizens. This includes one of
its greatest development challenges: to provide gainful employment
to the over 2 million people that will join the labour force each
year over the next decade. Moreover, only 54.1 million of its 94
million working age people are employed. Bangladesh needs to use
its labour endowment even more intensively to increase growth and,
in turn, to absorb the incoming labour. The Diagnostic Trade
Integration Study identifies the following actions centered around
four pillars to sustain and accelerate export growth: (1) breaking
into new markets through a) better trade logistics to reduce
delivery lags ; as world markets become more competitive and newer
products demand shorter lead times, to generate new sources of
competitiveness and thereby enable market diversification; and b)
better exploitation of regional trading opportunities in nearby
growing and dynamic markets, especially East and South Asia; (2)
breaking into new products through a) more neutral and rational
trade policy and taxation and bonded warehouse schemes; b)
concerted efforts to spur domestic investment and attract foreign
direct investment, to contribute to export promotion and
diversification, including by easing the energy and land
constraints; and c) strategic development and promotion of services
trade; (3) improving worker and consumer welfare by a) improving
skills and literacy; b) implementing labour and work safety
guidelines; and c) making safety nets more effective in dealing
with trade shocks; and (4) building a supportive environment,
including a) sustaining sound macroeconomic fundamentals; and b)
strengthening the institutional capacity for strategic policy
making aimed at the objective of international competitiveness to
help bring focus and coherence to the government's reform efforts.
This third volume provides in-depth analysis of eight different
manufacturing and services sectors of the Bangladeshi economy,
which help to illustrate the thematic analysis of volume 2 and
ground it in sector experiences. Besides pointing to cross-cutting
themes, the analysis also highlights some specific issues and
actions that could help relieve constraints to faster export growth
in these sectors.
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