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South Asia's Turn: Policies to Boost Competitiveness and Create the Next Export Powerhouse

Gladys Lopez-Acevedo, Denis Medvedev, and Vincent Palmade, editors
Format
Book
Published
Washington, DC : World Bank Group, [2017]
Language
English
Series
South Asia Development Matters
ISBN
1464809739, 9781464809736
Summary
South Asia has a huge need to create more and better jobs for a growing population, especially in the manufacturing industries where it is underperforming as compared to East Asia. The report examines three critical and relatively understudied drivers of competitiveness: economies of agglomeration: firms and workers accrue benefits from locating close together in cities or clusters through urbanization and localization ; participation in global value chains: stronger competitive pressures weed out least productive firms while others improve by gaining access to new knowledge and better inputs ; firm capabilities: in order to operate close to what would be considered optimum efficiency levels given the prevailing factor prices and thus employ South Asia's abundant labor. The report shows that South Asia has great untapped competitiveness potential. Realizing this potential would require the governments in the region to pursue second generation trade policy reforms for firms to better contribute to and benefit from global value chains (e.g. facilitating imports for exporters), to facilitate the development of industrial clusters in secondary cities (cheaper and less congested than the metros) as well as to deploy policies to improve the capabilities of firms.
Contents
  • Part 1. South Asia's competitiveness challenge and opportunity
  • The region's competitiveness potential remains largely unrealized
  • Improving competitiveness requires raising productivity rather than keeping costs low
  • Part 2. Productivity performance: firms and linkages
  • Business environment challenges continue to weigh on firm performance
  • Productivity-boosting agglomeration economies are underleveraged
  • Limited success in linking to global value chains
  • Firm capabilities are constrained
  • Part 3. The way forward
  • Potential for increased growth through policy reforms
  • Need for greater emphasis on trade policies, spatial policies, and firm capabilities.
Description
xvi, 161 pages ; 27 cm.
Notes
Includes bibliographical references.
Technical Details
  • Access in Virgo Classic
  • Staff View

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    a| Part 1. South Asia's competitiveness challenge and opportunity -- The region's competitiveness potential remains largely unrealized -- Improving competitiveness requires raising productivity rather than keeping costs low -- Part 2. Productivity performance: firms and linkages -- Business environment challenges continue to weigh on firm performance -- Productivity-boosting agglomeration economies are underleveraged -- Limited success in linking to global value chains -- Firm capabilities are constrained -- Part 3. The way forward -- Potential for increased growth through policy reforms -- Need for greater emphasis on trade policies, spatial policies, and firm capabilities.
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    a| South Asia x| Commercial policy.
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    a| Lopez Acevedo, Gladys, e| editor.
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    a| Medvedev, Denis, e| editor.
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