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...

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Main Authors:	Gu, Yunfan, Nayyar, Gaurav, Sharma, Siddharth
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	MANUFACTURING-LED DEVELOPMENT EXPORT-LED COMPETITIVENESS INNOVATION TECHNOLOGY ADOPTION CONNECTIVITY MARKET ACCESS
Online Access:	http://documents.worldbank.org/curated/en/702731624306432211/Gearing-Up-for-the-Future-of-Manufacturing-in-Bangladesh http://hdl.handle.net/10986/35879

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recordtype	oai_dc
spelling	okr-10986-358792021-07-01T05:11:19Z Gearing Up for the Future of Manufacturing in Bangladesh Gu, Yunfan Nayyar, Gaurav Sharma, Siddharth MANUFACTURING-LED DEVELOPMENT EXPORT-LED COMPETITIVENESS INNOVATION TECHNOLOGY ADOPTION CONNECTIVITY MARKET ACCESS 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. 2021-06-30T20:08:22Z 2021-06-30T20:08:22Z 2021-06-21 Report http://documents.worldbank.org/curated/en/702731624306432211/Gearing-Up-for-the-Future-of-Manufacturing-in-Bangladesh http://hdl.handle.net/10986/35879 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: PSD, Privatization and Industrial Policy South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	MANUFACTURING-LED DEVELOPMENT EXPORT-LED COMPETITIVENESS INNOVATION TECHNOLOGY ADOPTION CONNECTIVITY MARKET ACCESS
spellingShingle	MANUFACTURING-LED DEVELOPMENT EXPORT-LED COMPETITIVENESS INNOVATION TECHNOLOGY ADOPTION CONNECTIVITY MARKET ACCESS Gu, Yunfan Nayyar, Gaurav Sharma, Siddharth Gearing Up for the Future of Manufacturing in Bangladesh
geographic_facet	South Asia Bangladesh
description	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.
format	Report
author	Gu, Yunfan Nayyar, Gaurav Sharma, Siddharth
author_facet	Gu, Yunfan Nayyar, Gaurav Sharma, Siddharth
author_sort	Gu, Yunfan
title	Gearing Up for the Future of Manufacturing in Bangladesh
title_short	Gearing Up for the Future of Manufacturing in Bangladesh
title_full	Gearing Up for the Future of Manufacturing in Bangladesh
title_fullStr	Gearing Up for the Future of Manufacturing in Bangladesh
title_full_unstemmed	Gearing Up for the Future of Manufacturing in Bangladesh
title_sort	gearing up for the future of manufacturing in bangladesh
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/702731624306432211/Gearing-Up-for-the-Future-of-Manufacturing-in-Bangladesh http://hdl.handle.net/10986/35879
_version_	1764483953004118016

Gearing Up for the Future of Manufacturing in Bangladesh

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