Gearing Up for the Future of Manufacturing in Bangladesh
Labor-intensive, export-oriented manufacturing driven by the ready-made garments industry has transformed Bangladesh's economy. But with automation, changing trade patterns and servicification reducing the importance of wage costs globally, th...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/702731624306432211/Gearing-Up-for-the-Future-of-Manufacturing-in-Bangladesh http://hdl.handle.net/10986/35879 |
| Summary: | Labor-intensive, export-oriented
manufacturing driven by the ready-made garments industry has
transformed Bangladesh's economy. But with automation,
changing trade patterns and servicification reducing the
importance of wage costs globally, the creation of more
sustainable jobs in the manufacturing sector now needs the
upgradation of firms' capabilities and technology
adoption. Drawing on the World Bank's "Bangladesh
Firm-level Adoption of Technology Survey", this report
shows that there is significant scope to improve the
manufacturing sector's performance and future prospects
by promoting the adoption of better technologies in firms.
It discusses how Bangladesh can achieve this aim through
policies that address informational barriers to the
acquisition of capabilities in firms, leverage international
connectivity for technology diffusion, and strengthen key
markets and institutions that underpin firms investment in technology. |
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