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Toward new sources of competitiveness in Bangladesh : key findings of the diagnostic trade integration study (英语)

This diagnostic trade integration study (DTIS) analyzes the internal and external constraints to further integration with the world economy, keeping in view the end goals of job creation and poverty reduction, as well as enhancement of citizens’ welfare. The DTIS seeks to identify policies as well as gaps in physical and institutional infrastructure that need to be overcome to consolidate Bangladesh’s strengths in existing markets as well as help diversify export products and export markets. Bangladesh aims to accelerate growth to become a middle-income country by 2021, continue its high pace of poverty reduction, and share prosperity more widely among its citizens. It seeks to increase the growth rate of its economy to about 7.3 percent per year over the sixth plan period, fiscal year 2011 to fiscal year 2015, and reduce the poverty headcount by about 10 percentage points. This DTIS has identified a four-pillar strategy that can contribute to accelerate development of the export sector, a priority for jobs and growth: breaking into new markets; breaking into new products; improving worker and consumer welfare; and building a supportive environment. Implementing the four-pillar agenda will help improve the overall competitiveness of the economy and provide sources of strength other than low wages.