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Detailed industrial data of Bangladesh, India, Pakistan, Turkey and Vietnam

TOTUU

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Bangladesh: Improving Productivity and Technology Adoption Key to a Globally Competitive Manufacturing Sector


DHAKA, June 24, 2021 – To boost export growth and help the economy rebound from COVID-19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank report launched today.

The report, ‘Gearing up for the Future of Manufacturing in Bangladesh,’ suggests that by strengthening innovation and technology adoption in firms, the manufacturing sector can improve productivity. For this, the report identified three pillars: capabilities of managers and workers, connectivity to international markets, and complementary markets and institutions. Adopting new technologies and business practices will also help firms recover faster from the COVID-19 crisis.

"Bangladesh’s success in readymade garments (RMG) export has created about four million jobs and driven economic growth. But, in recent years, job creation in the RMG sector slowed due to automation and the trend will likely accelerate in the post-pandemic world,” said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan. “This creates the urgent need for Bangladeshi manufacturers to shift gears from competing on low labor-intensive productivity to competing on higher productivity. For this to happen, firms will need to adopt better technologies across business functions and production processes.”

The report finds that in Bangladesh, most firms still use basic or near-basic technologies. For example, more than 40 percent of firms still use handwritten documents for business administration, while three-fourth of them practice manual quality inspections.

Managerial and technical capabilities are crucial for a turnaround. About half of the manufacturing firms are run by people without college degrees. Compared to these firms, those with college-educated managers have a 10 percent higher level of technology. Hence, building human capital remains an important agenda, as well as enabling firms to. access advisory services in cost-effective ways.

International connectivity also contributes to the spread of technology. Firms doing business with multinational companies use more advanced technology than those working only in the local market. Export diversification beyond the readymade garments (RMG) sector will be crucial. Reducing restrictions on international trade and Foreign Direct Investment, making the duty-free import of raw materials more accessible to firms outside the RMG sector and modernizing special economic zones will help diversify export-led growth.

Strong financial institutions and regulatory frameworks underpin the importance of complementary markets for technology adoption. About half of the surveyed small and medium enterprises (SMEs) identified a lack of financing as the main barrier to adopting technology. To help firms to borrow for their technology needs easily, a stronger financial sector will be needed. Continuing with regulatory reforms to reduce the cost of doing business too remains vital.

“Creating more and better jobs is a development priority for Bangladesh. An export-led manufacturing sector can create sustainable and better-paying jobs by adopting better technologies,” said Siddharth Sharma, World Bank Senior Economist and a co-author of the report. “As Bangladesh seeks to diversify its export base, move up the value chain, and create better-paying jobs, improving the productivity of firms remains central to preparing for the future of manufacturing.”


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KTI = knowledge and technology intensive.



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this weapons data is very strange


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Last edited:

SpaceMan18

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Bangladesh: Improving Productivity and Technology Adoption Key to a Globally Competitive Manufacturing Sector


DHAKA, June 24, 2021 – To boost export growth and help the economy rebound from COVID-19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank report launched today.

The report, ‘Gearing up for the Future of Manufacturing in Bangladesh,’ suggests that by strengthening innovation and technology adoption in firms, the manufacturing sector can improve productivity. For this, the report identified three pillars: capabilities of managers and workers, connectivity to international markets, and complementary markets and institutions. Adopting new technologies and business practices will also help firms recover faster from the COVID-19 crisis.

"Bangladesh’s success in readymade garments (RMG) export has created about four million jobs and driven economic growth. But, in recent years, job creation in the RMG sector slowed due to automation and the trend will likely accelerate in the post-pandemic world,” said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan. “This creates the urgent need for Bangladeshi manufacturers to shift gears from competing on low labor-intensive productivity to competing on higher productivity. For this to happen, firms will need to adopt better technologies across business functions and production processes.”

The report finds that in Bangladesh, most firms still use basic or near-basic technologies. For example, more than 40 percent of firms still use handwritten documents for business administration, while three-fourth of them practice manual quality inspections.

Managerial and technical capabilities are crucial for a turnaround. About half of the manufacturing firms are run by people without college degrees. Compared to these firms, those with college-educated managers have a 10 percent higher level of technology. Hence, building human capital remains an important agenda, as well as enabling firms to. access advisory services in cost-effective ways.

International connectivity also contributes to the spread of technology. Firms doing business with multinational companies use more advanced technology than those working only in the local market. Export diversification beyond the readymade garments (RMG) sector will be crucial. Reducing restrictions on international trade and Foreign Direct Investment, making the duty-free import of raw materials more accessible to firms outside the RMG sector and modernizing special economic zones will help diversify export-led growth.

Strong financial institutions and regulatory frameworks underpin the importance of complementary markets for technology adoption. About half of the surveyed small and medium enterprises (SMEs) identified a lack of financing as the main barrier to adopting technology. To help firms to borrow for their technology needs easily, a stronger financial sector will be needed. Continuing with regulatory reforms to reduce the cost of doing business too remains vital.

“Creating more and better jobs is a development priority for Bangladesh. An export-led manufacturing sector can create sustainable and better-paying jobs by adopting better technologies,” said Siddharth Sharma, World Bank Senior Economist and a co-author of the report. “As Bangladesh seeks to diversify its export base, move up the value chain, and create better-paying jobs, improving the productivity of firms remains central to preparing for the future of manufacturing.”


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KTI = knowledge and technology intensive.



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this weapons data is very strange


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Bangladesh better industrialize , in fact it will be forced to industrialize anyways.
 

ALShill

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Bangladesh: Improving Productivity and Technology Adoption Key to a Globally Competitive Manufacturing Sector


DHAKA, June 24, 2021 – To boost export growth and help the economy rebound from COVID-19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank report launched today.

The report, ‘Gearing up for the Future of Manufacturing in Bangladesh,’ suggests that by strengthening innovation and technology adoption in firms, the manufacturing sector can improve productivity. For this, the report identified three pillars: capabilities of managers and workers, connectivity to international markets, and complementary markets and institutions. Adopting new technologies and business practices will also help firms recover faster from the COVID-19 crisis.

"Bangladesh’s success in readymade garments (RMG) export has created about four million jobs and driven economic growth. But, in recent years, job creation in the RMG sector slowed due to automation and the trend will likely accelerate in the post-pandemic world,” said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan. “This creates the urgent need for Bangladeshi manufacturers to shift gears from competing on low labor-intensive productivity to competing on higher productivity. For this to happen, firms will need to adopt better technologies across business functions and production processes.”

The report finds that in Bangladesh, most firms still use basic or near-basic technologies. For example, more than 40 percent of firms still use handwritten documents for business administration, while three-fourth of them practice manual quality inspections.

Managerial and technical capabilities are crucial for a turnaround. About half of the manufacturing firms are run by people without college degrees. Compared to these firms, those with college-educated managers have a 10 percent higher level of technology. Hence, building human capital remains an important agenda, as well as enabling firms to. access advisory services in cost-effective ways.

International connectivity also contributes to the spread of technology. Firms doing business with multinational companies use more advanced technology than those working only in the local market. Export diversification beyond the readymade garments (RMG) sector will be crucial. Reducing restrictions on international trade and Foreign Direct Investment, making the duty-free import of raw materials more accessible to firms outside the RMG sector and modernizing special economic zones will help diversify export-led growth.

Strong financial institutions and regulatory frameworks underpin the importance of complementary markets for technology adoption. About half of the surveyed small and medium enterprises (SMEs) identified a lack of financing as the main barrier to adopting technology. To help firms to borrow for their technology needs easily, a stronger financial sector will be needed. Continuing with regulatory reforms to reduce the cost of doing business too remains vital.

“Creating more and better jobs is a development priority for Bangladesh. An export-led manufacturing sector can create sustainable and better-paying jobs by adopting better technologies,” said Siddharth Sharma, World Bank Senior Economist and a co-author of the report. “As Bangladesh seeks to diversify its export base, move up the value chain, and create better-paying jobs, improving the productivity of firms remains central to preparing for the future of manufacturing.”


View attachment 765524




KTI = knowledge and technology intensive.



View attachment 765523
View attachment 765527

View attachment 765528

View attachment 765530

View attachment 765531




this weapons data is very strange


View attachment 765533


View attachment 765534
I wanted to ask do you have the data for China? I'm curious about how China fares in comparison to countries with higher gdp per capita like Japan or South Korea
 

Sudarshan

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PLI Scheme, SPECS scheme and various other things done by government will increase our industrial output by a huge margin.
 

TOTUU

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I wanted to ask do you have the data for China? I'm curious about how China fares in comparison to countries with higher gdp per capita like Japan or South Korea
yes ,i have these data ,I downloaded these data from U.S. government organizations and websites such as the United Nations and the World Bank. Where would you like to see the data for China and Bangladesh and India, if I have it, I can post it here.

The data for China, EU, and US is hidden from me because it is about the Bangladesh forum board.

I only collected data for industry, manufacturing, not agriculture and services.
 

Hakikat ve Hikmet

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As for Pak, 75% of her economy and 70% of her business transactions are undocumented, unregulated and untaxed! So, the “official” data are always official…..

Pak borders both the most sanctioned country which happens to be a leading petrol producer, and the largest landlocked producer of the recreational staffs that fuels the most prolific folks like Steve Jobs, Elon Musk, George Lucas etc. in the Western world…..
 

ALShill

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As for Pak, 75% of her economy and 70% of her business transactions are undocumented, unregulated and untaxed! So, the “official” data are always official…..

Pak borders both the most sanctioned country which happens to be a leading petrol producer, and the largest landlocked producer of the recreational staffs that fuels the most prolific folks like Steve Jobs, Elon Musk, George Lucas etc. in the Western world…..

Why would having a massive undocumented economy be a good thing? Tax revenue is meant to be used to run the country by buildings infrastructure, running schools etc.
yes ,i have these data ,I downloaded these data from U.S. government organizations and websites such as the United Nations and the World Bank. Where would you like to see the data for China and Bangladesh and India, if I have it, I can post it here.

The data for China, EU, and US is hidden from me because it is about the Bangladesh forum board.

I only collected data for industry, manufacturing, not agriculture and services.
I was wondering if you could include China in the graphs you posted earlier because I would like to see how it compares to first world countries like South Korea and Japan and how it also compares to poorer countries like India
 

TOTUU

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Why would having a massive undocumented economy be a good thing? Tax revenue is meant to be used to run the country by buildings infrastructure, running schools etc.


I was wondering if you could include China in the graphs you posted earlier because I would like to see how it compares to first world countries like South Korea and Japan and how it also compares to poorer countries like India
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