Had you looked across Shanghai's Huangpu River from west to east in the 1980s, you would mostly have seen farmland dotted with a few scattered buildings. At the time, it was unimaginable that East Shanghai, or Pudong, would one day become a global financial centre; that its futuristic skyline, sleek expressways, and rapid trains would one day be showcased in blockbusters like James Bond and Mission Impossible movies! It was also unimaginable that the Shanghainese would consider living in Pudong.
How wrong that would have been! Pudong is now hosting some of the world's most productive companies, and boosting some of the city's most desirable neighbourhoods. And Shanghai has become China's most important global city, lifting the entire hinterland with it.
Dhaka's population has grown from three million in 1980 to 18 million today and it continues to increase rapidly, which is a clear sign of success. However, Dhaka's development has been mostly spontaneous, with its urban infrastructure not keeping pace with its population growth.
Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry. Udeni, who is a traditional Beeralu lace maker from Galle, learned the technique from her mother and developed it into a part-time business.
At the moment, she sells to buyers from Colombo who then sell her product internationally. She would like to export directly one day, but for the time-being, she must rely on “middlemen” because of the complexity of the export process. A major barrier is the lack of information on what government procedures apply in Sri Lanka before her product can even reach a foreign buyer.
Being unable to access information related to export and import procedures isn’t just a problem for entrepreneurs like Udeni, but a significant barrier for the entire Sri Lankan trading community. In a recent set of interviews conducted by the World Bank, every business interviewed said that personal experience was the leading source of information on import and export procedures. Only half said that they turn to government agencies for information, with concern expressed that the little information available online is often out of date, and spread across many websites.
In 2017, Foreign Direct Investment (FDI) into Sri Lanka grew to over $1,710 billion including foreign loans received by companies registered with the BOI, more than doubling from the $801 million achieved the previous year.
بانک جهانی در ماه می سال ۲۰۱۷، از پانزدهمین سالگرد از سرگیری فعالیت هایش در افغانستان تجليل نمود. این در حالیست که طی این ۱۵ سال گذشته بانک جهانی حمایت لازم را برای دولت افغانستان غرض فراهم آوری خدمات عامه به افغانها فراهم نموده است. در اين فرایند، مشترکاً با دولت افغانستان ما توانستیم معلومات و آمار بسیاری را در بخش های صحت، معارف و هم چنان زیربنا ها جمع آوری نمايیم.
با آنکه معلومات در عرصه های مختلف بصورت پراگنده و غیر هماهنگ در دسترس عام قرار دارد اما این معلومات هنوز هم کافی نیست تا افغانها و همکاران انکشافی را در طرح ریزی برنامه ها و تدوین پاليسی ها که نقش کلیدی دارند، کمک نماید. به طور مثال ما در حاليکه آمار تطبيق واکسين و اطفال نوزاد را داريم، اما در مورد سرک ها ییکه به مراکز صحی منتهی میشوند آگاهی نداریم. به همین ترتیب، ممکن است در رابطه به میزان حاضری شاگردان در مکاتب و شاگردانيکه در امتحانات کامياب ميشوند بدانیم، اما در مورد اینکه آیا چه زمانی را در برمیگیرد، تا شاگردان به مکتب برسند، معلومات کافی در دست نداريم.
Case in point: while we may have data on vaccines given or babies born, we don’t know much about the roads that lead to the clinic. Similarly, we may get data on school attendance and passing rates of students, but we don’t know how long it takes for students to reach their schools.
Coming to completion in May 2018, RRCDP has improved road access to markets to at least 11 project Chiwogs (hamlets) in Samtse and Trongsa Dzongkhags – building 22.9 kilometers of farm roads and benefitting about 299 households. With the construction of new farm roads, the most commonly marketed agricultural and livestock products amongst farmers in project areas have been cardamom, vegetables, butter, cheese, and citrus, and to a lesser extent, rice, potatoes, and eggs. Additionally, beneficiaries have also reported a significant reduction in the time of travel between their households and markets – up to 8 hours in some cases! The majority of the Bhutanese population live in remote rural areas – hours, sometimes days of walking from the nearest road. They walk their children through dense forests and rivers to reach schools and health clinics; they carry their agricultural and livestock products to nearby markets on their backs – an average load of 30kg. A horse carrying a 50kg load costs approximately Nu.5 per kilogram.
The project has also supported beneficiaries in 88 Chiwogs with access to community and marketing infrastructure, such as power tiller tracks, power tiller machinery, and food bridges – with a total of 3,597 households benefitted. In Norgaygang Gewog, for example, with support from the project, the construction of 4 kilometers of power tiller track in 2016, has brought multiple benefits to the community, such as easier access to schools and healthcare in case of emergency.
Bhutan is a challenging environment in which to develop commercial agriculture. The country has limited areas for agriculture, and its geography and road conditions make logistics and market access costly.
Therefore, commercial agriculture is critical to increase productivity, which will help create jobs and access to more and better food. This can be achieved not only through focusing on high-value products and investing in traditional infrastructure such as irrigation, but also through using information and communication technology (ICT). Based in eastern Bhutan, Mountain Hazelnuts has developed innovative uses of ICT for its commercial agriculture operations.
This blog is part of a series exploring new sources of competitiveness in Bangladesh
Did you know that Bangladesh is the 2nd largest non-EU exporter of bicycles to the EU and the 8th largest exporter overall?
Bicycles are the largest export of Bangladesh’s engineering sector, contributing about 12 percent of engineering exports.
This performance is in large part due to the high anti-dumping duty imposed by the EU against China.
Recently, the EU Parliament and the Council agreed on EU Commission’s proposal on a new methodology for calculating anti-dumping on imports from countries with significant market distortions or pervasive state influence on the economy.
This decision could mean that the 48.5 percent anti-dumping duty for Chinese bicycles may not end in 2018 as originally intended. China is disputing the EU’s dumping rules at the World Trade Organization.
As the global bicycle market is expected to grow to $34.9 billion by 2022, Bangladesh has an opportunity to diversify its exports beyond readymade garments. Presently, Bangladesh is the 2nd largest non-EU exporter of bicycles to the EU and the 8th largest exporter overall.
However, if the EU anti-dumping duty against China is reduced or lifted after 2018, Bangladesh’s price edge might be eroded.
Sri Lanka experienced strong growth at the end of its 26-year conflict. This was to be expected as post-war reconstruction tends to bring new hope and energy to a country.
And Sri Lanka has done well—5 percent growth is nothing to scoff at.
However, Sri Lanka needs to create an environment that fosters private-sector growth and creates more and better jobs. To that end, the country should address these 6 pressing challenges:
1. The easy economic wins are almost exhausted
For a long time, the public-sector has been pouring funds into everything from infrastructure to healthcare. Unfortunately, Sri Lanka’s public sector is facing serious budget constraints. The island’s tax to growth domestic product (GDP) ratio is one of the lowest in the world, falling from 24.2% in 1978 to 10.1% in 2014. Sri Lanka should look for more sustainable sources of growth. As in many other countries, the answer lies with the private sector.
2. Sri Lanka has isolated itself from global and regional value chains
Over the past decades, Sri Lanka has lost its trade competitiveness. As illustrated in the graph below, Sri Lanka outperformed Vietnam in the early 1990s on how much of its trade contributed to its growth domestic product. Vietnam has now overtaken Sri Lanka where trade has been harmed by high tariffs and para-tariffs and trade interventions on agriculture.
Sri Lanka’s private sector is ailing. Sri Lankan companies are entrepreneurial and the country’s young people are smart, inquisitive, and dynamic. Yet, this does not translate into a vibrant private sector. Instead, public enterprises are the ones carrying the whole weight of development in this country.
The question is, why is the private sector not shouldering its burden of growth?
From the chart above, you can see how difficult it is to set up and operate a business in Sri Lanka. From paying taxes to enforcing contracts to registering property, entrepreneurs have the deck stacked against them.
Trading across borders is particularly challenging for Sri Lankan businesses. Trade facilitation is inadequate to the point of stunting growth and linkages to regional value chains. The chart explains just why Sri Lanka is considered one of the hardest countries in the world to run a trading business. Compare it to Singapore–you could even import a live tiger there without a problem.