Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study

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...

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Main Authors:	Kathuria, Sanjay, Mezghenni Malouche, Mariem
Format:	Book
Language:	English en_US
Published:	Washington, DC: World Bank 2016
Subjects:	TRADE INTEGRATION COMPETITIVENESS INVESTMENT OPENNESS TRADE FACILITATION JUTE FOREIGN INVESTMENT CLOTHING SERVICES STANDARDS PROTECTIONISM
Online Access:	http://hdl.handle.net/10986/25140

id	okr-10986-25140
recordtype	oai_dc
spelling	okr-10986-251402021-04-23T14:04:29Z Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study Kathuria, Sanjay Mezghenni Malouche, Mariem Kathuria, Sanjay Mezghenni Malouche, Mariem Chanda, Rupa Dausendschoen, Kay Elbert, Christine Gessese, Nebiyeleul Konishi, Yasuo Raihan, Selim Rizwan, Nadeem Surabian, Glenn Veliu, Atdhe TRADE INTEGRATION COMPETITIVENESS INVESTMENT OPENNESS TRADE FACILITATION JUTE FOREIGN INVESTMENT CLOTHING SERVICES STANDARDS PROTECTIONISM 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 labor 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 labor endowment even more intensively to increase growth and, in turn, to absorb the incoming labor. 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 labor 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. 2016-10-13T15:23:23Z 2016-10-13T15:23:23Z 2016-10-13 Book 978-1-4648-0924-8 http://hdl.handle.net/10986/25140 English en_US Directions in Development--Trade; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	TRADE INTEGRATION COMPETITIVENESS INVESTMENT OPENNESS TRADE FACILITATION JUTE FOREIGN INVESTMENT CLOTHING SERVICES STANDARDS PROTECTIONISM
spellingShingle	TRADE INTEGRATION COMPETITIVENESS INVESTMENT OPENNESS TRADE FACILITATION JUTE FOREIGN INVESTMENT CLOTHING SERVICES STANDARDS PROTECTIONISM Kathuria, Sanjay Mezghenni Malouche, Mariem Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study
geographic_facet	South Asia Bangladesh
relation	Directions in Development--Trade;
description	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 labor 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 labor endowment even more intensively to increase growth and, in turn, to absorb the incoming labor. 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 labor 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.
author2	Kathuria, Sanjay
author_facet	Kathuria, Sanjay Kathuria, Sanjay Mezghenni Malouche, Mariem
format	Book
author	Kathuria, Sanjay Mezghenni Malouche, Mariem
author_sort	Kathuria, Sanjay
title	Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study
title_short	Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study
title_full	Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study
title_fullStr	Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study
title_full_unstemmed	Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study
title_sort	attracting investment in bangladesh—sectoral analyses : a diagnostic trade integration study
publisher	Washington, DC: World Bank
publishDate	2016
url	http://hdl.handle.net/10986/25140
_version_	1764458652075294720

Attracting Investment in Bangladesh—Sectoral Analyses : A Diagnostic Trade Integration Study

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