Bangladesh: Gearing up for the Future of Manufacturing

For two decades, Bangladesh has achieved impressively-high rates of economic growth. This success is mainly due to the ready-made garment sector, where access to a large pool of workers has made the industry globally competitive. But the level of growth can’t last indefinitely. As Bangladesh becomes a middle-income country, labor costs will rise. Buyers will move to places where goods are produced more cheaply. And a lack of skilled managers, designers and other technical experts will further limit the country’s appeal. The COVID-19 pandemic has only made this outlook worse. So, what can Bangladesh do to sustain its economic growth? Learn more: https://www.worldbank.org/en/country/bangladesh/overview?cid=ECR_YT_Worldbank_EN_EXT

ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org

FOLLOW US ► ► ►
YouTube: http://wrld.bg/x4SB50x47Lu
Facebook: http://www.facebook.com/worldbank
Twitter: http://www.twitter.com/worldbank
Instagram: http://www.instagram.com/worldbank
LinkedIn: https://www.linkedin.com/company/the-world-bank/
Events: http://live.worldbank.org
Immersive Stories: https://www.worldbank.org/en/who-we-are/news/biggerpicture
Newsletter: https://www.worldbank.org/en/newsletter-subscription

Видео Bangladesh: Gearing up for the Future of Manufacturing канала World Bank