South Asia’s Turn: Policies to Boost Competitiveness and Create the Next Export Powerhouse
Will South Asia become the next global factory? By 2030 more than a quarter of the world’s working adults will live in South Asia. As the work force ages and labor costs rise in China and other East Asian countries, many eyes turn to South Asia. According to this report, to realize the region’s potential, countries in South Asia should increase regional and global integration, take advantage of agglomeration economies, strengthen firm capabilities, and improve the business environment.
Author: Gladys Lopez‐Acevedo, Denis Medvedev, and Vincent Palmade
Tags: Bangladesh, India, Regional Integration, South Asia, Trade, WB