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January 2013

Bangladesh: The Next China?

Zahid Hussain's picture

This is the sixth and last in a series of posts about the recent report, Bangladesh: Towards Accelerated, Inclusive and Sustainable Growth. The previous post looked at what sort of policies it will take to achieve the goal of middle income status by 2021.

Bangladesh, one of Asia’s youngest countries, is poised to exploit the long-awaited “demographic dividend” with a higher share of working-age population. Labor is Bangladesh’s strongest source of comparative advantage, and Bangladesh’s abundant and growing labor force is currently underutilized. Absorbing the growing labor force and utilizing better the existing stock of underemployed people requires expansion of labor-intensive activities. And that means expanding exports, as domestic consumption offers limited opportunities for specializing in labor-intensive production.

What are the potentials for expanding exports? Bangladesh’s competitors are becoming expensive places in which to do business. In the next three to four years, China’s exports of labor-intensive manufactured goods are projected to decline. It will no longer have one-third of the world market in garments, textiles, shoes, furniture, toys, electrical goods, car parts, plastic, and kitchen wares. Capturing just 1% of China’s manufacturing export markets would almost double Bangladesh’s manufactured exports.

Why Have FDI Flows to Emerging Europe Remained Stable in Recent Years?

Gallina Andronova Vincelette's picture

Eleven of the less prosperous members of the European Union – Bulgaria, Croatia1, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia (EU11)—have remained attractive destinations for Foreign Direct Investment (FDI). The Czech Republic, Estonia, and Slovakia witnessed FDI levels in 2012 similar to pre-crisis levels. Poland and Bulgaria also experienced large gains in FDI in 2012.

Aaron Swartz R.I.P.

Maya Brahmam's picture

Aaron Swartz died this past January 11th. As Owen Barder noted yesterday, “He did not just campaign: he built  the RSS standard which enables blogs and websites to share information, the Web site framework web.py, the architecture for the Open Library, the link sharing platform Reddit, and he helped to design the Creative Commons license. He co-founded the online group Demand Progress — known for its campaign against the Stop Online Piracy Act (SOPA)…”  The list of accomplishments is long, and the end has been so sudden.

Summit opens with welcome moves for sustainable energy, but stark realities too

Vivien Foster's picture

French President François Hollande put his country on the Sustainable Energy for All train here at the World Energy Future Summit yesterday, affirming France's support for the initiative, whose advisory board is co-chaired by World Bank President Jim Yong Kim and UN Secretary-General Ban Ki-moon. In a speech devoted to the theme of preparing for the "après pétrole" era, Hollande highlighted three steps: first, create international funds for renewable energy investment pooling resources from petroleum exporting and importing countries; second, radically rethink our model of urbanization to make it less energy intensive; and third, secure a Global Climate Change Agreement for 2015, France stands ready to host the CoP and facilitate an agreement.

World Economy – a glass half empty or half full?

LTD Editors's picture

As Kaushik Basu said yesterday, downside risks to the global economy have diminished, market conditions look better, borrowing costs in advanced economies are down from worrying levels seen last June, and developing country growth is still in the 5 percent range. Yet this improvement is transmitting to the real side very minimally.

That was just one of the takeaways from Global Economic Prospects 2013, launched January 15. A new-look global outlook site allows users to access a wealth of analysis, forecasts and data for the world’s economies.

Communication for Water Sector Reform

Anne-Katrin Arnold's picture

The water sector is very much a matter of supply and demand – and you better not forget about the demand side. Reform in any sector depends on public support. A new Learning Note on “Communication for Water Sector Reform: Obstacles and Opportunities,” published by the World Bank’s Operational Communications department, showcases the role of strategic communication in making water sector reform successful and sustainable.

The Arab Spring: an opportunity for financial inclusion?

Guest Blogger's picture
        Photo Credit: Yavuz Saryildiz

The end of 2011 was undeniably a momentous time across the Arab World with uprisings first emerging in Tunisia and Egypt and then spreading to Libya, Yemen, and Syria. Expectations of 2012 were high as old regimes were discarded and new governments brought with them hopes of more equitable societies and opportunities for all.

Africa: Using ICTs for transformational development

Tim Kelly's picture

Africa is advancing by leaps and bounds in adoption and use of information and communication technologies (ICTs) in the private and public sectors. A new report, “eTransform Africa”, shows how innovations that began in Africa – like the use of dual SIM card cellular phones or using mobile technologies for remittance payments – are now spreading across the continent and beyond.

Feigning illness to improve care: Recent lessons from standardized patients in rural

Jed Friedman's picture

A key determinant of good health is the quality of the care that sick patients receive, and donor attention in the health sector is increasingly focused on quality of care investments such as enhanced training and supervision of health providers. This interest in the quality of care will only increase further in the coming years as the epidemiological transition shifts the relative disease burden towards chronic illnesses. Why? Because proper management of chronic illness requires repeated high quality interactions with the health system.


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