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mujeri mustafa k.; mujeri neaz - structural transformation of bangladesh economy

Structural Transformation of Bangladesh Economy A South Asian Perspective

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Dettagli

Genere:Libro
Lingua: Inglese
Editore:

Springer

Pubblicazione: 03/2022
Edizione: 1st ed. 2021





Trama

This book examines the theory and global evidence on structural transformation along with stylised facts and implications using, among others, a dynamic panel model, for South Asia. The characteristics of the structural transformation process in Bangladesh bring out the relevance of a comprehensive and inclusive South Asian ‘brand’ in view of the challenges of large population size, high burden of poverty, rising inequalities and its compulsion to achieve rapid and sustained inclusive development.

The analysis highlights several distinct characteristics of Bangladesh’s structural transformation including changes in value added, trade, employment, productivity, formal-informal jobs, and opportunities for low-skilled workers. The book suggests that the manufacturing sector could not create the required number of jobs and generate rapid absolute and relative productivity gains in the Bangladesh economy. Although the services sector has largely led output and employment growth, services subsectors with strong labour absorptive capacity have low average productivity. Hence, growth-enhancing structural transformation led by these subsectors is likely to be less dynamic than required for rapid employment-creating growth in the economy.

The book’s analysis on COVID-19 and cyclone Amphan shows that an integrated disaster and development paradigm is needed for Bangladesh. An inclusive and health and well-being focused structural transformation presents the pathway to advance the people-centred approach to development in Bangladesh through both vulnerability reduction and investments in sustainable development that would offset both known and unknown disaster threats. The key for Bangladesh is to skillfully manage the ‘developer’s dilemma’ of achieving both structural transformation in terms of large productivity gains and inclusive growth for reducing poverty and rising inequalities. This book is relevant to students, academicians and development practitioners and others interested in contemporary development.





Sommario

Chapter 1: Introduction

1.1  Introduction

1.2  A Multidimensional View

1.3  Bangladesh’s Structural Transformation

1.4  Primacy of Equality Horizon

1.5  Organisation of Chapters

 

Chapter 2: Structural Transformation: Theory and Global Evidence

 

        2.1 Introduction

        2.2 Measures of Structural Transformation

        2.3 Gains from Structural Transformation

        2.4 Structural Transformation: Global Trends

               2.4.1 Historical Trends of Developed Countries

               2.4.2 Recent Trends in Developed and Developing Countries

               2.4.3 Structural Transformation and Premature Deindustrialisation

         2.5 Structural Transformation and Development Theory

                2.5.1 The Neoclassical Growth Models

                2.5.2 The Structuralist Framework

                2.5.3 The New Structural Economics

                2.5.4 Revival of New Latin American Structuralism

                2.5.5 The Value-Chain Approach

                2.5.6 Resource-based Industrialisation

         2.6 Empirical Evidence on Structural Transformation

                2.6.1 Manufacturing as Engine of Economic Growth

                2.6.2 Effect of Structural Transformation on Labour Productivity

                2.6.3 Structural Change within Manufacturing Activities

                2.6.4 Industrial Upgrading within Value Chains

          2.7 Premature Deindustrialisation: Role of Services Sector

          2.8 Structural Transformation and Development

                 2.8.1 Structural Transformation and Labour Market Changes

          2.9 Structural Transformation, Employment and Poverty

                 2.9.1 Structural Transformation and Human Development

          2.10 Concluding Remarks

 

Chapter 3: Structural Transformation in South Asia: An Overview

 

         3.1 Introduction

         3.2 Structural Transformation in South Asia

                3.2.1 South Asian Growth Surprises

                3.2.2 GDP Growth and Its Composition

                3.2.3 Changes in Macro Aggregates

         3.3 Productivity Growth and ST in South Asia: A Panel Data Analysis

               3.3.1 A Dynamic Panel Model

               3.3.2 Methodology and Data

               3.3.3 Empirical Results and Implications

        3.4 Factors Influencing ST in South Asia

               3.4.1 Reforms for Transition and Growth

        3.5 Poverty and Human Development

              3.5.1 Multidimensional Poverty in South Asia

        3.6 South Asia: A Region of Growing Inequality

               3.6.1 Income and Wealth Inequalities

               3.6.2 Landlessness and Rising Inequality

               3.6.3 Gender Inequality

               3.6.4 Rising Informality in Employment

         3.7 Inequality in Access to Basic Services

                3.7.1 Access to Water and Sanitation

                3.7.2 Access to Health Services

                3.7.3 Access to Education

                3.7.4 Inequality in Fiscal Regime

         3.8 Sophistication of Exports of South Asian Countries

         3.9 Concluding Remarks

 

Chapter 4: Structural Transformation: Macro Characteristics in Bangladesh

 

        4.1 Introduction

        4.2 Economic Structure before Independence

        4.3 Growth and Structural Transformation, 1971-2020

               4.3.1 Growth of GDP and GDP Per Capita

               4.3.2 GDP by Use

               4.3.3 Changes of GDP by Industrial Origin

               4.3.4 Savings and Capital Formation

               4.3.5 Sectoral Composition of GDP

         4.4 Economic Growth and Structural Transformation

                4.4.1 Structural Transformation in the Bangladesh Economy

                4.4.2 Interdependence, Linkages and Leading





Autore

Mustafa Mujeri holds a Ph.D. in Economics from McMaster University in Canada and is currently the Executive Director of the Institute for Inclusive Finance and Development (InM) in Dhaka, Bangladesh. During his professional career, he has worked in different national and international organisations including teaching in Rajshahi University in Bangladesh and University of Queensland in Australia, National Expert in the Bangladesh Planning Commission, Research Director in the Centre on Integrated Rural Development in Asia and the Pacific (CIRDAP), UNDP Adviser in Cambodia, Chief Economist in the Bangladesh Bank (central bank) and Director General of the Bangladesh Institute of Development Studies (BIDS). He has written and edited several books and published widely in national and international journals.

Neaz Mujeri holds an MBA in Finance from Independent University Bangladesh and B Comm. in Business Management from Ryerson University in Canada. He is currently the Executive Director & CEO, of the Center for Research Initiatives in Dhaka, Bangladesh. In the past, he has worked in various positions in the Career Development and Employment Centre and the Students Union of the Ryerson University. He has also worked as Senior Economist in different research projects of the  Research and Information System (RIS) in India and organisations in Dhaka.










Altre Informazioni

ISBN:

9789811607660

Condizione: Nuovo
Collana: South Asia Economic and Policy Studies
Dimensioni: 235 x 155 mm Ø 474 gr
Formato: Brossura
Illustration Notes:XXV, 279 p. 18 illus., 16 illus. in color.
Pagine Arabe: 279
Pagine Romane: xxv


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