Bangladesh has a major opportunity to address one of its most pressing development challenges: creating 20 million new jobs over the next decade. And the trade agenda will be a centerpiece of any strategy that seeks to address this challenge.
Join me for a Facebook Q/A chat on January 28 to discuss this and other findings from the recently released report Toward New Sources of Competitiveness in Bangladesh co-authored with Mariem Mezghenni Malouche.
Below are some 4 highlights from the report, which we will be discussing. I look forward to your questions and a vibrant discussion!
- Bangladesh will need to expand its linkages with neighboring countries such as China and India as well as other Asian countries like Japan and South Korea. Not only are these very large markets, they are also potential sources of greater foreign direct investment. What are the critical steps that will allow this to happen? How can the recently signed Motor Vehicles Agreement between Bangladesh, Bhutan, India and Nepal help? What are the barriers to Bangladesh’s venturing into new markets?
- Bangladesh will need to gradually diversify its export base into new product areas while also strengthening its position as the second-largest garment producer in the world (after China). Our report explores the critical challenges that could allow this to happen. In your view, what challenges lie ahead if Bangladesh tries to diversify its exports? Can you name some prospective industries (for diversification)? What will be the role of foreign direct investment in this diversification? What kind of reforms are needed to attract more domestic as well as foreign direct investment?
When my team and I saw this boat passing by us in July 2013 in rural Bangladesh, near the border with Mizoram, Northeast India, and Myanmar, I felt immediately empathic.
How many people are on that boat? Eighty? Does it have a motor? Can those people swim, especially the women? No lifejackets! I wondered how long their trip was, and then I thought: What if they needed a bathroom break? Memories of my family's escape from Vietnam by boat in 1981 flashed back—34 refugees jammed into a traditional fishing boat normally home to a family of seven, with no motor, no life jackets, and no toilets! We floated around the South China Sea and Pacific Ocean for 16 days. Most of us could not swim, certainly not the women and girls.
In 2015 the world saw great momentum for climate action, culminating in a historic agreement in December to cut carbon emissions and contain global warming. It was also a year of continued transformation for the energy sector. For the first time in history, a global sustainable development goal was adopted solely for energy, aiming for: access to affordable, reliable, sustainable and modern energy for all.
To turn this objective into reality while mitigating climate change impacts, more countries are upping their game and going further with solar, wind, geothermal and other sources of renewable energy. As we usher in 2016, these stories from around the world present a flavor of how they are leading the charge toward a climate-friendly future.
1: Morocco is rising to be a “solar superpower.” On the edge of the Sahara desert, the Middle East’s top energy-importing country is building one of the world’s largest concentrated solar power plants. When fully operational, the Noor-Ouarzazate power complex will produce enough energy for more than one million Moroccans and reduce the country’s dependence on fossil fuels by 2.5 million tons of oil.
Why is the World Bank sponsoring a fashion show in India and an art show in Bangladesh? The answer is simple, we’re trying to find new approaches – creative approaches – to prevent gender-based violence (GBV).
Gender-based violence is a pervasive issue. On average, 30% of women who have been in a relationship report that they have experienced some form of physical or sexual violence by their partner. Worldwide, 720 million women and 156 million men married before the age of 18, with child marriage most common in South Asia and Sub-Saharan Africa. A 20-country study—where over 4,000 women and men were asked their views on gender differences — revealed that norms, beliefs and attitudes play a critical role in dictating behavior for both women and men, and the consequences for not keeping to these norms is often violence.
Today is the International Day of Persons with Disabilities.
In every society globally, unemployment rates for persons with disabilities are higher than for people without disabilities. The International Labor Organization reports that, in some Asia-Pacific countries, the unemployment rate of people living with disabilities is over 80%.
Did you know that investments in early childhood are crucial for achieving the brain’s full developmental potential and resilience?
Jim Heckman, Nobel Laureate in economics, and his collaborators have shown that strong foundational skills built in early childhood are crucial for socio-economic success. These foundational skills lead to a self-reinforcing motivation to learn so that “skills beget skills”. This leads to better-paying jobs, healthier lifestyle choices, greater social participation, and more productive societies. Growing research also reveals that these benefits are linked to the important role that early foundations of cognitive and socio-emotional abilities play on healthy brain development across the human lifespan.
Brain complexity –the diversity and complexity of neural pathways and networks— is moulded during childhood and has a lasting impact on the development of cognitive and socio-emotional human abilities.
This Children’s Day, I am thinking back to an event on the link between quality education and inclusive growth that we had last month in Lima, Peru. The event was memorable not only because of Eric Hanushek’s excellent presentation and the lively panel discussion that followed, but also because there were many students from Lima in the audience.
A month later, I still remember the young faces and how intently they were paying attention to everything that was being said about their futures. At the time, I thought, this is how it should be. There should always be children and youth involved and engaged when the discussion is about them.