Bangladesh : Growth and Export Competitiveness

Bangladesh's growth over the past two decades or more, in terms of developing-country standards, has been notable. Such record of progress is one guide to the country's potential to grow, and to score well in world markets. To this end, i.e., to make the most of its export opportunities on...

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Main Author:	World Bank
Format:	Foreign Trade, FDI, and Capital Flows Study
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTABILITY AIR CARGO AIR FREIGHT AIR FREIGHT RATES AIRLINE AIRLINES AIRPORTS APPAREL APPAREL TRADE AVERAGE TARIFFS BANK LENDING BANKING REFORM BANKING SECTOR CAPITAL STOCK CARGO CARRIERS CARGO FACILITIES CENTRAL BANK COMMERCIAL BANKS COMPETITIVENESS CONGESTION CONTAINER HANDLING CONTAINER HANDLING EQUIPMENT CONTAINER TERMINAL CONTAINER TRAFFIC CONTAINERS CONTRACT ENFORCEMENT CORRIDOR COUNTRY COMPARISONS CUSTOMS CLEARANCE CUSTOMS CLEARANCE PROCEDURES CUSTOMS DUTIES DIVIDENDS DOMESTIC MARKET DOMESTIC PRODUCERS DUTY DUTY/TARIFFSLABS ECONOMIC GROWTH ECONOMIC PROGRESS EMPLOYMENT ENFORCEMENT POWERS EXCHANGE RATES EXPORT EXPORT BIAS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PROCESSING EXPORT SECTORS EXPORT SUBSIDIES EXPORT VOLUMES EXPORTERS EXPORTS EXTERNAL SHOCKS FINANCIAL PERFORMANCE FINANCIAL RESTRUCTURING FINANCIAL SECTOR FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL COMPETITION GLOBAL TRADE GOAL GROWTH POTENTIAL GROWTH RATE HANDLING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT DUTY IMPORT VALUE IMPORTS INCOME INDUSTRIAL POLICY INEFFICIENCY INFLATION INFLATION RATE INFLATION RATES INTEREST RATES INTERNATIONAL CARRIERS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS LABOR FORCE LEGISLATION LENDING RATES MACROECONOMIC CONDITIONS MACROECONOMIC STABILITY MONETARY POLICIES MORTALITY NATURAL RESOURCES NONPERFORMING LOANS OIL OIL PRICES OVERHEAD COSTS POLICY INSTRUMENTS PRIVATE BANKS PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROTECTIONIST POLICIES QUALITY STANDARDS QUANTITATIVE RESTRICTIONS RANGE RISK MANAGEMENT ROUTES SAFETY SAFETY STANDARDS SAVINGS STRENGTH TARIFF TARIFF BARRIERS TARIFF RATE TARIFF REDUCTIONS TAX ADMINISTRATION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TERMINAL OPERATIONS TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REFORMS TRAFFIC VOLUME TRANSACTION COSTS TRANSPORT WAGES WAREHOUSE WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2005/05/5823418/bangladesh-growth-export-competitiveness http://hdl.handle.net/10986/8569

id	okr-10986-8569
recordtype	oai_dc
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	ACCOUNTABILITY AIR CARGO AIR FREIGHT AIR FREIGHT RATES AIRLINE AIRLINES AIRPORTS APPAREL APPAREL TRADE AVERAGE TARIFFS BANK LENDING BANKING REFORM BANKING SECTOR CAPITAL STOCK CARGO CARRIERS CARGO FACILITIES CENTRAL BANK COMMERCIAL BANKS COMPETITIVENESS CONGESTION CONTAINER HANDLING CONTAINER HANDLING EQUIPMENT CONTAINER TERMINAL CONTAINER TRAFFIC CONTAINERS CONTRACT ENFORCEMENT CORRIDOR COUNTRY COMPARISONS CUSTOMS CLEARANCE CUSTOMS CLEARANCE PROCEDURES CUSTOMS DUTIES DIVIDENDS DOMESTIC MARKET DOMESTIC PRODUCERS DUTY DUTY/TARIFFSLABS ECONOMIC GROWTH ECONOMIC PROGRESS EMPLOYMENT ENFORCEMENT POWERS EXCHANGE RATES EXPORT EXPORT BIAS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PROCESSING EXPORT SECTORS EXPORT SUBSIDIES EXPORT VOLUMES EXPORTERS EXPORTS EXTERNAL SHOCKS FINANCIAL PERFORMANCE FINANCIAL RESTRUCTURING FINANCIAL SECTOR FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL COMPETITION GLOBAL TRADE GOAL GROWTH POTENTIAL GROWTH RATE HANDLING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT DUTY IMPORT VALUE IMPORTS INCOME INDUSTRIAL POLICY INEFFICIENCY INFLATION INFLATION RATE INFLATION RATES INTEREST RATES INTERNATIONAL CARRIERS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS LABOR FORCE LEGISLATION LENDING RATES MACROECONOMIC CONDITIONS MACROECONOMIC STABILITY MONETARY POLICIES MORTALITY NATURAL RESOURCES NONPERFORMING LOANS OIL OIL PRICES OVERHEAD COSTS POLICY INSTRUMENTS PRIVATE BANKS PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROTECTIONIST POLICIES QUALITY STANDARDS QUANTITATIVE RESTRICTIONS RANGE RISK MANAGEMENT ROUTES SAFETY SAFETY STANDARDS SAVINGS STRENGTH TARIFF TARIFF BARRIERS TARIFF RATE TARIFF REDUCTIONS TAX ADMINISTRATION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TERMINAL OPERATIONS TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REFORMS TRAFFIC VOLUME TRANSACTION COSTS TRANSPORT WAGES WAREHOUSE WORLD TRADE
spellingShingle	ACCOUNTABILITY AIR CARGO AIR FREIGHT AIR FREIGHT RATES AIRLINE AIRLINES AIRPORTS APPAREL APPAREL TRADE AVERAGE TARIFFS BANK LENDING BANKING REFORM BANKING SECTOR CAPITAL STOCK CARGO CARRIERS CARGO FACILITIES CENTRAL BANK COMMERCIAL BANKS COMPETITIVENESS CONGESTION CONTAINER HANDLING CONTAINER HANDLING EQUIPMENT CONTAINER TERMINAL CONTAINER TRAFFIC CONTAINERS CONTRACT ENFORCEMENT CORRIDOR COUNTRY COMPARISONS CUSTOMS CLEARANCE CUSTOMS CLEARANCE PROCEDURES CUSTOMS DUTIES DIVIDENDS DOMESTIC MARKET DOMESTIC PRODUCERS DUTY DUTY/TARIFFSLABS ECONOMIC GROWTH ECONOMIC PROGRESS EMPLOYMENT ENFORCEMENT POWERS EXCHANGE RATES EXPORT EXPORT BIAS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PROCESSING EXPORT SECTORS EXPORT SUBSIDIES EXPORT VOLUMES EXPORTERS EXPORTS EXTERNAL SHOCKS FINANCIAL PERFORMANCE FINANCIAL RESTRUCTURING FINANCIAL SECTOR FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL COMPETITION GLOBAL TRADE GOAL GROWTH POTENTIAL GROWTH RATE HANDLING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT DUTY IMPORT VALUE IMPORTS INCOME INDUSTRIAL POLICY INEFFICIENCY INFLATION INFLATION RATE INFLATION RATES INTEREST RATES INTERNATIONAL CARRIERS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS LABOR FORCE LEGISLATION LENDING RATES MACROECONOMIC CONDITIONS MACROECONOMIC STABILITY MONETARY POLICIES MORTALITY NATURAL RESOURCES NONPERFORMING LOANS OIL OIL PRICES OVERHEAD COSTS POLICY INSTRUMENTS PRIVATE BANKS PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROTECTIONIST POLICIES QUALITY STANDARDS QUANTITATIVE RESTRICTIONS RANGE RISK MANAGEMENT ROUTES SAFETY SAFETY STANDARDS SAVINGS STRENGTH TARIFF TARIFF BARRIERS TARIFF RATE TARIFF REDUCTIONS TAX ADMINISTRATION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TERMINAL OPERATIONS TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REFORMS TRAFFIC VOLUME TRANSACTION COSTS TRANSPORT WAGES WAREHOUSE WORLD TRADE World Bank Bangladesh : Growth and Export Competitiveness
geographic_facet	South Asia Asia South Asia Bangladesh
description	Bangladesh's growth over the past two decades or more, in terms of developing-country standards, has been notable. Such record of progress is one guide to the country's potential to grow, and to score well in world markets. To this end, i.e., to make the most of its export opportunities on a changing international playing field, Bangladesh needs to follow a strategic game plan, invest in infrastructure, technology and skills, streamline policies, and improve quality and safety standards. This report describes actions that can untie the hands of the country's exporters, and put solid progress within their grasp. The concrete recommendations made in the report for improving export competitiveness, could serve as a critical basis for making the needed revisions in the two pivotal trade policy instruments of the Government --Import Policy Order 2003-06, and Export Policy Order 2003-06 -- in light of the current global trading environment. The report looks at the sources of competitive disadvantage, and stipulates macroeconomic stability is, and must remain the strategic foundation for all of Bangladesh's competitive prospects. On economic governance, the results of this study's breakthrough use of a powerful analytical tool -- integrated value-chain analyses (IVCA) -- pinpoint the price exacted by obstacles to export growth, confirming entrepreneurs' point of view on corruption, namely bribes, duty exemptions on imports, and in addition, the rising costs of bribes. Also addressed is infrastructure, stating that to improve the climate for both domestic and foreign investors, policymakers must first acknowledge the damage that flawed governance - corruption, burdensome regulation, and breakdowns in law and order -- is doing to the country's growth in general, and its export performance in particular. Beyond this recognition, the authorities need to understand the price the country is paying for severe infrastructure bottlenecks in the delivery of power, gas, and telecommunications to all enterprises and - especially for exporters -- in the malfunctioning of the country's land and sea ports. Within each of the export areas examined under the study, industry-specific barriers to competitive success loom large. Specifically, recommendations suggest that to bring high payoffs in export competitiveness, reform should be a priority in Customs as well as the Duty Exemption and Drawback Office (DEDO); implementation of a strong program to match infrastructure services to the needs of a growing, outward-looking economy, namely, to remedy the transportation infrastructure, and trade logistics (Ports, Highways, and railways, etc.).
format	Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bangladesh : Growth and Export Competitiveness
title_short	Bangladesh : Growth and Export Competitiveness
title_full	Bangladesh : Growth and Export Competitiveness
title_fullStr	Bangladesh : Growth and Export Competitiveness
title_full_unstemmed	Bangladesh : Growth and Export Competitiveness
title_sort	bangladesh : growth and export competitiveness
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/05/5823418/bangladesh-growth-export-competitiveness http://hdl.handle.net/10986/8569
_version_	1764404946321539072
spelling	okr-10986-85692021-04-23T14:02:39Z Bangladesh : Growth and Export Competitiveness World Bank ACCOUNTABILITY AIR CARGO AIR FREIGHT AIR FREIGHT RATES AIRLINE AIRLINES AIRPORTS APPAREL APPAREL TRADE AVERAGE TARIFFS BANK LENDING BANKING REFORM BANKING SECTOR CAPITAL STOCK CARGO CARRIERS CARGO FACILITIES CENTRAL BANK COMMERCIAL BANKS COMPETITIVENESS CONGESTION CONTAINER HANDLING CONTAINER HANDLING EQUIPMENT CONTAINER TERMINAL CONTAINER TRAFFIC CONTAINERS CONTRACT ENFORCEMENT CORRIDOR COUNTRY COMPARISONS CUSTOMS CLEARANCE CUSTOMS CLEARANCE PROCEDURES CUSTOMS DUTIES DIVIDENDS DOMESTIC MARKET DOMESTIC PRODUCERS DUTY DUTY/TARIFFSLABS ECONOMIC GROWTH ECONOMIC PROGRESS EMPLOYMENT ENFORCEMENT POWERS EXCHANGE RATES EXPORT EXPORT BIAS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PROCESSING EXPORT SECTORS EXPORT SUBSIDIES EXPORT VOLUMES EXPORTERS EXPORTS EXTERNAL SHOCKS FINANCIAL PERFORMANCE FINANCIAL RESTRUCTURING FINANCIAL SECTOR FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL COMPETITION GLOBAL TRADE GOAL GROWTH POTENTIAL GROWTH RATE HANDLING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT DUTY IMPORT VALUE IMPORTS INCOME INDUSTRIAL POLICY INEFFICIENCY INFLATION INFLATION RATE INFLATION RATES INTEREST RATES INTERNATIONAL CARRIERS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS LABOR FORCE LEGISLATION LENDING RATES MACROECONOMIC CONDITIONS MACROECONOMIC STABILITY MONETARY POLICIES MORTALITY NATURAL RESOURCES NONPERFORMING LOANS OIL OIL PRICES OVERHEAD COSTS POLICY INSTRUMENTS PRIVATE BANKS PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROTECTIONIST POLICIES QUALITY STANDARDS QUANTITATIVE RESTRICTIONS RANGE RISK MANAGEMENT ROUTES SAFETY SAFETY STANDARDS SAVINGS STRENGTH TARIFF TARIFF BARRIERS TARIFF RATE TARIFF REDUCTIONS TAX ADMINISTRATION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TERMINAL OPERATIONS TOTAL FACTOR PRODUCTIVITY TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REFORMS TRAFFIC VOLUME TRANSACTION COSTS TRANSPORT WAGES WAREHOUSE WORLD TRADE Bangladesh's growth over the past two decades or more, in terms of developing-country standards, has been notable. Such record of progress is one guide to the country's potential to grow, and to score well in world markets. To this end, i.e., to make the most of its export opportunities on a changing international playing field, Bangladesh needs to follow a strategic game plan, invest in infrastructure, technology and skills, streamline policies, and improve quality and safety standards. This report describes actions that can untie the hands of the country's exporters, and put solid progress within their grasp. The concrete recommendations made in the report for improving export competitiveness, could serve as a critical basis for making the needed revisions in the two pivotal trade policy instruments of the Government --Import Policy Order 2003-06, and Export Policy Order 2003-06 -- in light of the current global trading environment. The report looks at the sources of competitive disadvantage, and stipulates macroeconomic stability is, and must remain the strategic foundation for all of Bangladesh's competitive prospects. On economic governance, the results of this study's breakthrough use of a powerful analytical tool -- integrated value-chain analyses (IVCA) -- pinpoint the price exacted by obstacles to export growth, confirming entrepreneurs' point of view on corruption, namely bribes, duty exemptions on imports, and in addition, the rising costs of bribes. Also addressed is infrastructure, stating that to improve the climate for both domestic and foreign investors, policymakers must first acknowledge the damage that flawed governance - corruption, burdensome regulation, and breakdowns in law and order -- is doing to the country's growth in general, and its export performance in particular. Beyond this recognition, the authorities need to understand the price the country is paying for severe infrastructure bottlenecks in the delivery of power, gas, and telecommunications to all enterprises and - especially for exporters -- in the malfunctioning of the country's land and sea ports. Within each of the export areas examined under the study, industry-specific barriers to competitive success loom large. Specifically, recommendations suggest that to bring high payoffs in export competitiveness, reform should be a priority in Customs as well as the Duty Exemption and Drawback Office (DEDO); implementation of a strong program to match infrastructure services to the needs of a growing, outward-looking economy, namely, to remedy the transportation infrastructure, and trade logistics (Ports, Highways, and railways, etc.). 2012-06-20T19:54:17Z 2012-06-20T19:54:17Z 2005-05 http://documents.worldbank.org/curated/en/2005/05/5823418/bangladesh-growth-export-competitiveness http://hdl.handle.net/10986/8569 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Economic & Sector Work South Asia Asia South Asia Bangladesh

Bangladesh : Growth and Export Competitiveness

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