Publication: Frontier Firms and Job Creation in Bangladesh
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2025-02-25
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2025-02-25
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Bangladesh has made notable developmental progress over the past two decades. Economic growth has been among the top 10 percent globally, and poverty has been reduced by 80 percent over the same period. Exports also saw a dramatic jump from US 6.5 billion dollars in 2000 to US 57.5 billion dollars in 2023. The private sector has played a critical role in this success, spurred by public policy that allowed the ready-made garments (RMG) sector to reach new heights. Bangladesh’s impending graduation from the United Nations’ least developed country (LDC) category in 2026 is a testament to these successes. The question is whether the country is now poised to continue this remarkable performance in the future under the current policy regime, especially in light of some disagreeable changes in the external environment and the emergence of new challenges at home. This report focuses on one of these challenges - namely, that of creating sufficient productive jobs through the private sector for a rapidly growing labor force.
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“Galal, Rami; Schiffbauer, Marc; Rossignol, Alice; Dexter, Gharam. 2025. Frontier Firms and Job Creation in Bangladesh. © World Bank. http://hdl.handle.net/10986/42861 License: CC BY-NC 3.0 IGO.”
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