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Toward New Sources of Competitiveness in Bangladesh

Author

Listed:
  • Sanjay Kathuria
  • Mariem Mezghenni Malouche

Abstract

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.

Suggested Citation

  • Sanjay Kathuria & Mariem Mezghenni Malouche, 2016. "Toward New Sources of Competitiveness in Bangladesh," World Bank Publications - Books, The World Bank Group, number 22712, December.
    • Handle: RePEc:wbk:wbpubs:22712
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2013. "Jamaica: Second Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria," IMF Staff Country Reports 2013/378, International Monetary Fund.
    2. International Monetary Fund, 2013. "Pakistan: 2013 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility," IMF Staff Country Reports 2013/287, International Monetary Fund.
    3. International Monetary Fund, 2013. "Jamaica: Request for an Arrangement Under the Extended Fund Facility," IMF Staff Country Reports 2013/126, International Monetary Fund.
    4. Sanjay Kathuria & Mariem Mezghenni Malouche, 2016. "Strengthening Competitiveness In Bangladesh—Thematic Assessment," World Bank Publications - Books, The World Bank Group, number 24705, December.
    5. International Monetary Fund, 2013. "Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria," IMF Staff Country Reports 2013/368, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Thomas Farole & Yoonyoung Cho & Laurent Bossavie & Reyes Aterido, 2017. "Bangladesh Jobs Diagnostic," World Bank Publications - Reports 28498, The World Bank Group.

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