Bangladesh - Towards Accelerated, Inclusive and Sustainable Growth : Opportunities and Challenges, Volume 2. Main Report

In Bangladesh, growth needs to accelerate to absorb the burgeoning labor force and continue making dents in poverty. Such acceleration will require sustained growth in exports and remittances. It will also need an increase in investment both public and private. However, growth acceleration alone will not be enough to absorb the labor force. This will need an improvement in employment intensity of growth, and a further improvement in inclusiveness of service delivery. Moreover, to help ensure that growth acceleration is sustained, the ex-ante and ex-post effects of climate change will need to be addressed. Finally, urbanization offers opportunities to accelerate growth, but can also undermine it if not proactively managed. Bangladesh's Gross National Income (GNI) per capita more than tripled in the past two-and-a-half decades, from an average of US$251 in the 1980s to US$784 by 2011. This growth was accompanied by impressive progress in human development. Yet, after 40 years of independence, Bangladesh remains a low-income country with nearly 50 million people still impoverished and its economic growth potential under-exploited. It is therefore important to understand the drivers underpinning Bangladesh's growth process, what enabled the drivers to move Bangladesh forward, what its prospects are for graduating to middle-income country status by 2021, as envisaged in its sixth five-year plan, and what it would take to accelerate growth sufficiently to achieve this objective.

Bibliographic Details

Main Author:	World Bank
Format:	Country Economic Memorandum biblioteca
Language:	en_US
Published:	World Bank, Washington, DC 2012-06
Subjects:	adjustment policies, Aggregate Demand, agriculture, Average Annual Growth, balance sheet, bankruptcies, Benchmarking, binding constraint, binding constraints, bond, bond market, bonds, business environment, Business expansion, business regulation, capita income growth, capital account, Capital Accumulation, Capital flight, capital inflow, capital markets, capital outflows, capital stock, Capital stock growth, comparative advantage, Competitive Advantages, Competitiveness, Consumers, contractual savings, cost of capital, Currency, Damages, debt, democracy, demographic, demographic change, demographic changes, Deposits, deregulation, determinants of growth, developing countries, diminishing returns, dividend, domestic savings, Economic Concentration, economic crisis, economic downturn, economic efficiency, economic expansion, Economic Geography, Economic Growth, economic imbalances, Economic Opportunities, economic performance, economic progress, economic reform, economic reforms, economic stability, EPZ, Exchange Rate, exchange rate fluctuations, exchange rate regime, exchange rates, expected returns, Export Growth, Export Market, export markets, Export Processing Zones, exports, exposure, exposures, external competitiveness, external financing, externalities, Fertility Rate, financial crisis, Financial development, financial developments, financial institutions, financial instruments, financial integration, financial management, financial markets, financial sector, financial services, financial system, financial transactions, Fiscal policies, fiscal policy, food price, foreign capital, foreign exchange, foreign financing, foreign investors, forward contracts, Future research, GDP, GDP deflator, GDP Per Capita, Gini Coefficient, global business, Global Economy, global markets, Government budget, government guarantees, government ownership, gross national savings, Growth accounting, growth path, growth performance, growth potential, growth process, Growth Rate, Growth Rates, growth theory, human capital, Income, income per capita, increases in factor inputs, increases in output, Inflation, inflation rate, institutional capacity, insurance, interest rates, international capital, international capital flows, International Trade, Investment Climate, investment opportunities, ITC, labor force, labor force growth, Labor Market, Life expectancy, liquidity, living standards, long-term investments, low-income countries, low-income country, M2, macro stability, macroeconomic stabilization, Market share, middle-income country, monetary policies, Monetary policy, mutual funds, national income, natural disasters, new products, nominal interest rates, open economy, output, outputs, Per capita income, per capita incomes, political regime, portfolio, portfolio investments, positive effects, Power outages, price stability, private capital, private capital flows, private investment, private investments, private investors, Private Sector Credit, production efficiency, production process, Productivity, productivity growth, property rights, public debt, Public savings, rapid growth, rate of growth, real GDP, real Gross Domestic Product, Real Interest Rate, reform program, reform programs, reinvestment, rent seeking, returns to scale, risk premiums, Savings, savings institutions, share of capital, skilled workers, Skills shortages, small economy, Stable economies, Sustainable Development, Sustainable Growth, tariff barriers, tax, technological innovation, TFP, total expenditure, total factor productivity, total factor productivity growth, track record, trade liberalization, trade policies, trade reforms, transaction costs, treasury, treasury bills, Turnover, Urbanization, virtuous cycle, volatility, wage growth, Wages, world markets, WTO,
Online Access:	http://hdl.handle.net/10986/12121
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