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Private Sector Development

Is Strengthening Bangladesh's Unions Good Economics and Good Politics?

Zahid Hussain's picture

The fallout from the April 24 collapse of the Rana Plaza building in Dhaka, Bangladesh has had severe domestic and international reactions. The international buyers and governments have responded vehemently to these events. Careful reappraisal of labor issues has been universally identified as a key area of reform. The objective is to ensure workers’ safety and workers’ rights. Poor labor standards can adversely affect Bangladesh’s overall reputation in the exporting sector. The government has been pressured to take a series of measures to improve workers’ safety. Representatives of the Bangladesh government, the European Union and the International Labor Organization met in Geneva on July 8, 2013 to promote improved labor standards and responsible business conduct in Bangladesh’s garment industry.  Following up on the commitments made in Geneva, Bangladesh’s legislature recently amended the Bangladesh Labor Law to provide improved protection, in law and practice, for the fundamental rights to freedom of association and the rights to collective bargaining, among others.

Are these good economics and good politics now and in the future?

The Power of Youth!

Kaleesha Rajamantri's picture

Let’s take a second and ponder over the word “Youth,” and play a game of word association. What comes to your mind? Given that I fall into the youth bucket, my list of associations is mostly positive, with a few exceptions. Yet, from a development perspective, youth can sometimes be perceived as the (excuse the word play) “problem child” demographic - What can we do with them, and how do we do it? 

Did you know that approximately 1/5th of South Asia’s population lies between the ages 15 to 24?  What is more, young adults also comprise 50% of the unemployed in the region. While many may view this as a sad state of affairs, Youth Solutions, the recent collaboration between Microsoft and the World Bank, viewed it as an opportunity for empowerment.

Think Big, Start Small

Ismail Radwan's picture

Join an online discussion with Ismail on Tuesday, April 2nd at 8-11AM on the World Bank's South Asia Facebook page to ask questions and learn more about his experiences.

The Dalai Lama once said - that if you ever feel you are too small to make a difference then try sleeping in a room with a mosquito. And the same goes for business. Every big business starts as a small business. General Electric was at one time the world's biggest company and it started with a simple but revolutionary idea - the invention of the incandescent light bulb in 1878 and the vision of just one person Thomas Edison.

Walmart started with a single store in 1945 and is now the largest private employer in the world. Starting with one store and the idea of making lots of cheap goods available all over the US, Walmart has created more than 2 million jobs. And of course more recently we have lots of examples in the technology and innovation space Apple, Microsoft, Google, Amazon, Ebay, Dell and Facebook. All are multi-billion dollar companies that started out in a single room, a basement or garage with a simple idea shared at first by a one or two people.

How Japanese shoppers helped bring elephants back to an Indian forest

Saori Imaizumi's picture

Organic cotton farmers, Golamunda village in Orissa, 2010What if your shopping sprees could make both you and society happy? That every time you bought your favorite clothes, you also benefitted the poor and the environment? Some Japanese companies are indeed making this happen.

As part of their Corporate Social Responsibility (CSR) activities, Felissimo, a Japanese direct marketing and product design company funded the planting of trees in Orissa and West Bengal in India, where they source their materials from. By charging an extra dollar on every sale in Japan, they collected more than $4,850,000 over 15 years and used the funds to transform a degraded landscape into a forest, bringing elephants back into the area.

In a similar manner, the company also helped cotton farmers in Orissa switch to growing organic cotton to save their land, their workers, and their children from harm caused by fertilizers and pesticides. Between 2010 and 2012, about 5,900 farmers switched to organic farming in 5 villages. Consumer donations were channelized through a local NGO to help farmers make the transition. The money was also used to give scholarships to local children. In 2012 alone, around 250 students in 5 villages received scholarships. While the scale is still small, Felissimo has successfully created a funding mechanism to transform responsible purchasing behavior in one part of the world into social impact in distant lands through its CSR activities.

Rising Tides Raise Some Boats More Than Others

Mabruk Kabir's picture

Like a Bollywood dance sequence, South Asia’s growth numbers tend to dazzle. It is the second-fastest-growing region in the world after East Asia. But behind the glamour lies a paradox. Despite robust economic growth, the total number of people living in poverty in South Asia has not fallen fast enough. Today, there are more poor people living under $1.25 a day in South Asia than in Sub-Saharan Africa.

Social indicators are lagging as well. South Asia has the highest rates of malnutrition in the world, with 250 million children undernourished. More than 30 million children still do not go to school. Gender discrimination remains a scar. Women’s labor-force participation in the region is among the world’s lowest, boys outnumber girls in school enrollment, and legal and judicial systems still do not address systemic gender violence.

Voices of Youth: What Does India Need to Get Back to a High Growth Trajectory?

Amrita Chowdhury's picture

India today is the fourth largest economy in the world. But for the country to sustain a growth rate of close to 6%, it remains vulnerable to the vicissitudes of global investors. It’s time to ponder: why it is not the other way round? How can India reach a position where we not only follow the rise and fall of global economic forces but also lead the way in sustaining the global economy? This is my dream.

Improving Ongoing Flagship Programs:
-The monitoring of all flagship projects should be improved right from the Gram Panchayat level to the state and central level.
-Models need to be developed for every flagship program, success factors studied, and implementation aligned with the specific needs of each state.
-All program implementation officers should be trained by those who have worked in successful programs. Pay should be linked with performance.
-Resource reallocation should depend on progress and work load.
-All unsuccessful programs should be analyzed to understand the main causes for failure and alternatives planned.
-Benchmark studies should be conducted to identify critical indicators for development in education, health and infrastructure and year on year progress checked.

Join Us to Discuss Global Economics and Future Prospects for Countries Like India!

Nandita Roy's picture

World Bank India has just launched its Facebook page! We are extremely excited at the prospects that social media channels like Facebook bring in making our communication with the outside world more dynamic, real time, interactive and conversational in style. It will surely add a new dimension to the way we communicate. The link to the page is http://www.facebook.com/WorldBankIndia and we’d like to hear more from you!

Tomorrow, we're launching an online discussion on what are the prospects for advanced and developing economies of the world in the current global economic situation on the wall of our Facebook page.

Nobel Laureate Andrew Michael Spence, who was also the Chairperson of the Growth Commission will lead this online discussion and Mr N. Roberto Zagha, World Bank Country Director in India, will moderate the discussion.

Voices of Youth: Ideas to Encourage the Public to Embrace Mass Transit

Nandish Kenia's picture

What does one generally looks for while travelling? Quick, hassle free, safe and convenient mode of transportation! To get people to shift from private to public transport, the usability and access to public transport should be such that people choose it over their own vehicles.

This is however a classic chicken and egg problem because until the public sees an improvement in public transport they are not going to use it, and till the government sees people using it, it will not invest in public transport. In this case, the government will have to take the first bold steps and invest in the infrastructure of public transportation systems.

Points to be considered:

Join us to discuss Exports in Bangladesh!

Naomi Ahmad's picture

Today, we're launching an online discussion on Exports in Bangladesh at the World Bank Bangladesh facebook page. Through the online discussion, we hope to hear from YOU on how Bangladesh can accelerate and diversify exports in order to achieve its aim of becoming a Middle Income Country.

Dr. Sanjay Kathuria, Lead Economist, World Bank Bangladesh is answering your questions and moderating the discussion. Let us know what you think!

What? Exports in Bangladesh: How can Bangladesh accelerate and diversify exports?

When? Today, August 07, 2012 (12:00 AM – 11:59 PM Bangladesh time)

Where? www.facebook.com/worldbankbangladesh

Realizing India’s Potential

Kalpana Kochhar's picture

Yesterday, I discussed India’s incredible economic transformation over the last two decades and some of the challenges that the country is currently facing. So, what can India do to reduce the impact of global uncertainty and improve growth performance and boost investor confidence?

India’s firepower to respond to a crisis with traditional monetary and fiscal stimulus is much weaker now than prior to the 2008 crisis. Fiscal space for additional spending is severely constrained in light of continued high deficits. Room for monetary policy easing is modest in light of continued high inflation, and still low real interest rates. Moreover, when investor confidence is at a low ebb as it is in India, easing monetary policy would be tantamount to “pushing on a string.”

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