Toward New Sources of Competitiveness in Bangladesh

Sanjay Kathuria and Mariem Mezghenni Malouche

No 22712 in World Bank Publications - Books from The World Bank Group

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.

Keywords: Industry-Cottage; Industry; International; Economics; and; Trade-Access; to; Markets; International; Economics; and; Trade-Foreign; Direct; Investment; International; Economics; and; Trade-Trade; Facilitation; International; Economics; and; Trade-Trade; Liberalization; Poverty; Reduction-Development; Patterns; and; Poverty; Poverty; Reduction-Pro-Poor; Growth (search for similar items in EconPapers)
Date: 2016
ISBN: 978-1-4648-0647-6
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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