Structural Transformation of Bangladesh Economy

2021-03-18 Business & Economics

Author : Mustafa K. Mujeri
Release : 2021-03-18
Genre : Business & Economics
Kind : eBook
Book Rating : 648/5 ( reviews)

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Book Synopsis Structural Transformation of Bangladesh Economy by : Mustafa K. Mujeri

Download or read book Structural Transformation of Bangladesh Economy written by Mustafa K. Mujeri. This book was released on 2021-03-18. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the theory and global evidence on structural transformation along with stylised facts and implications using, among others, a dynamic panel model, for South Asia. The characteristics of the structural transformation process in Bangladesh bring out the relevance of a comprehensive and inclusive South Asian ‘brand’ in view of the challenges of large population size, high burden of poverty, rising inequalities and its compulsion to achieve rapid and sustained inclusive development. The analysis highlights several distinct characteristics of Bangladesh’s structural transformation including changes in value added, trade, employment, productivity, formal-informal jobs, and opportunities for low-skilled workers. The book suggests that the manufacturing sector could not create the required number of jobs and generate rapid absolute and relative productivity gains in the Bangladesh economy. Although the services sector has largely led output and employment growth, services subsectors with strong labour absorptive capacity have low average productivity. Hence, growth-enhancing structural transformation led by these subsectors is likely to be less dynamic than required for rapid employment-creating growth in the economy. The book’s analysis on COVID-19 and cyclone Amphan shows that an integrated disaster and development paradigm is needed for Bangladesh. An inclusive and health and well-being focused structural transformation presents the pathway to advance the people-centred approach to development in Bangladesh through both vulnerability reduction and investments in sustainable development that would offset both known and unknown disaster threats. The key for Bangladesh is to skillfully manage the ‘developer’s dilemma’ of achieving both structural transformation in terms of large productivity gains and inclusive growth for reducing poverty and rising inequalities. This book is relevant to students, academicians and development practitioners and others interested in contemporary development.

Structural Transformation, Inequality Dynamics, and Inclusive Growth in Bangladesh

2020

Author : Selim Raihan
Release : 2020
Genre :
Kind : eBook
Book Rating : 016/5 ( reviews)

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Book Synopsis Structural Transformation, Inequality Dynamics, and Inclusive Growth in Bangladesh by : Selim Raihan

Download or read book Structural Transformation, Inequality Dynamics, and Inclusive Growth in Bangladesh written by Selim Raihan. This book was released on 2020. Available in PDF, EPUB and Kindle. Book excerpt: The Bangladesh economy has undergone significant structural changes over the last four decades. The share of agriculture in GDP has declined, while the significance of industry and service sectors has increased. These structural changes have been associated with persistent challenges such as lack of diversification, poor working conditions, low productivity, and high degree of informality, obstructing the progress towards inclusive economic growth. Though manufacturing is now an overwhelmingly salient component of Bangladesh's export composition, this is due primarily to the rapid expansion of the ready-made garments sector: the performance of other industries has been rather weak. In order to become a sustained, inclusive driver of economic growth and employment creation, the manufacturing sector needs to focus on expanding and diversifying its base. This study looks at the major challenges, both policy-induced and structural, for the required structural transformation in the Bangladesh economy, aiming to tackle inequality and promote inclusive growth.

Structural Change and Dynamics of Labor Markets in Bangladesh

2018-08-29 Business & Economics

Author : Selim Raihan
Release : 2018-08-29
Genre : Business & Economics
Kind : eBook
Book Rating : 713/5 ( reviews)

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Book Synopsis Structural Change and Dynamics of Labor Markets in Bangladesh by : Selim Raihan

Download or read book Structural Change and Dynamics of Labor Markets in Bangladesh written by Selim Raihan. This book was released on 2018-08-29. Available in PDF, EPUB and Kindle. Book excerpt: Outlining important policy requirements for Bangladesh to become an upper middle-income country, the book presents research work conducted during the project “Changing Labor Markets in Bangladesh: Understanding Dynamics in Relation to Economic Growth and Poverty,” sponsored by the International Development Research Center (IDRC), Canada. Bangladesh has experienced remarkable economic growth rates over the last decade. The country has recently been upgraded from a low-income country (LIC) to a lower-middle-income country (LMIC) as per the World Bank’s classification system. By 2024, the country also aspires to graduate from the United Nation’s list of least developed countries (LDC). The 7th five-year plan sets an ambitious target of 8 percent growth in GDP by 2020. There are also steep development targets to be achieved under the Sustainable Development Goals (SDGs) by 2030. All these will require an enormous leap forward from the current level of economic growth rate and sustaining it in the future. The situation also calls for considerable structural change in the economy, facilitating large-scale economic diversification. Rapid expansion of labor-intensive and high-productivity sectors, both in the farm and nonfarm sectors, is thus crucial for Bangladesh. Further, this should take place in conjunction with interventions to enhance productivity, jobs and incomes in traditional and informal activities where there are large pools of surplus labor. Given its relevance for Bangladesh and applicability to many other developing countries, the book offers a unique and pioneering resource for researchers, industry watchers as well as policy makers.

Using Input-Output Analysis Framework to Explain Economic Diversification and Structural Transformation in Bangladesh

2017

Author : Valerie Mercer-Blackman
Release : 2017
Genre :
Kind : eBook
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Book Synopsis Using Input-Output Analysis Framework to Explain Economic Diversification and Structural Transformation in Bangladesh by : Valerie Mercer-Blackman

Download or read book Using Input-Output Analysis Framework to Explain Economic Diversification and Structural Transformation in Bangladesh written by Valerie Mercer-Blackman. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: Existing literature on economic growth and structural change relies on trade data to make pronouncements about a country's competitiveness and long-term growth prospects through the acquisition of capabilities. However, insufficient data give us a limited view of what is happening within the domestic economy, and how the development of manufacturing through links in the production process leads to the export of intermediate or final products. Using input-output data, this paper devises an agglomeration indicator to measure economic diversification and to compare Bangladesh with other key economies. In the process, we shed light on the symbiotic relationship between manufacturing and services as the country develops. Despite Bangladesh's astounding growth over the past 15 years, diversification has been somewhat slower than expected for its level of development.

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Structural Transformation of Bangladesh Economy

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