According to the report, “Consolidating and Accelerating Exports in Bangladesh” exports can grow faster, provided critical bottlenecks are addressed. Bangladesh needs to improve its trade logistics and infrastructure, increase supply of skilled manpower, and ensure compliance with Government’s labor standards.
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The Promise and Peril of Post-MFA Apparel Production - 0 views
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World Bank note (May 2012) on wage and poverty alleviation trends linked to the garment sector. "A radical shift in apparel production between countries over the last few years has had mixed results in wages and poverty reduction across the developing world. This is particularly true since the end of the Multi-Fibre Arrangement (MFA) and the Agreement on Textiles and Clothing (ATC) in 2005, which abolished export and import quotas. While most people predicted that China would gain, because of low wages, and all others would lose, many other Asian apparel exporters in fact benefited, such as Bangladesh, India, Vietnam and Pakistan. And not just because of low wages -salaries tended to increase in most exporting countries-but because of domestic policies supporting the textile industry. On the other hand, countries like Honduras, Mexico, Morocco and Sri Lanka experienced falling apparel employment, something that would appear to be bad news as jobs for women and workers most likely to be closest to poverty, were lost. But Mexico's experience suggests that shifting out of apparel may not be necessarily negative news when the country is moving up the value chain into more advanced manufacturing. In fact, this would be a sign of economic development as long as the shift into higher-value goods and services is possible. What matters is for countries to have policies that focus on improving competitiveness in the long-run, but also workforce programs to help workers make the transition. Increasing apparel exports is a good thing for poverty reduction in developing countries but moving up the ladder is an inevitable step in the quest for prosperity. Let's allow the textile industry to keep moving across borders and to help countries lift themselves out of poverty."
World Bank: Consolidating and Accelerating Exports in Bangladesh - 0 views
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The skills gap is becoming increasingly visible in all manufacturing sectors, and perhaps more so in the garment sector. A high rate of rejection of final products is one evidence of this. Presence of skilled foreign workers is evidence of gaps in supervisory and management skills. As the main vehicle for training workers, the publicly-funded Technical and Vocational Education and Training program needs to increase its relevance to better meet the needs of garments and other sectors. More innovative ways to improve skills, such as trainee-targeted training vouchers, also need to be thought of.
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New WB report on promoting export growth in BGD.
Some thoughts on the outlook for Chinese factories in 2012 - 0 views
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Stephen Schwartz, chief economist-Asia at BBVA Research in Hong Kong, said he doesn’t see declining exports as a systematic problem at this stage because there’s enough demand on the domestic front. In the future, he said, it’s going to be very important for China to move to higher-valued added manufacturing and to increase productivity in order to offset higher wages. Although it’s a very slow process, he added, China’s ability to catch up quickly and do things quickly is always underestimated.
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