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    Promoting inclusive growth in Bangladesh through special economic zones

    Razzaque, Mohammad A.; Khondker, Bazlul H.; Eusuf, Abu | March 2018
    Abstract
    Eradicating poverty by means of accelerating economic growth and generating employment opportunities is a key policy priority for Bangladesh. There is also an emphasis on achieving inclusive economic growth that will, among other things, help disadvantaged regions and facilitate greater participation of deprived population groups in economic activities.1 The Seventh Five Year Plan of Bangladesh (7FYP) outlines a strategy for manufacturing-sector development that includes export-led growth as a means of achieving these development aspirations (GED, 2015). Following the success of special economic zones (SEZs), especially in China, and export processing zones (EPZs) in Bangladesh, the Government of Bangladesh (GoB) has decided to establish a total of 100 SEZs over the next 15 years. By providing attractive fiscal and financial benefits and serviced industrial plots, these zones are expected to mobilise private investments from both domestic and foreign sources. The 7FYP also intends to use SEZs as a policy tool to generate inclusive growth by means of promoting development in lagging regions. Despite the apparent simplicity of the concept of inclusive growth, it is often not clear what it implies for regional development, and the policy instruments facilitating it are less well articulated. As agglomeration economies become a dominant force in economic development, leading to the concentration of economic activities around certain growth poles, the issue of the need for so-called balanced regional development becomes complex. Against this backdrop, free movement of workers, including women’s greater participation, is characterised as an important criterion of inclusive growth. Along with this, job market participation of other excluded and vulnerable groups represents an essential ingredient. However, regional disparities can have significant social and political consequences here.
    Citation
    Razzaque, Mohammad A.; Khondker, Bazlul H.; Eusuf, Abu. 2018. Promoting inclusive growth in Bangladesh through special economic zones. © The Asia Foundation. http://hdl.handle.net/11540/9324.
    Keywords
    Poverty Analysis
    Participatory Poverty Assessment
    Poverty Reduction Strategy
    Extreme Poverty
    Economic development
    Growth And Poverty
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Income Distribution
    Demographic Indicators
    Social Justice
    Price stabilization
    Food prices
    Price policy
    Development Indicators
    Environmental Indicators
    Economic Indicators
    Educational Indicators
    Demographic Indicators
    Health Indicators
    Disadvantaged Groups
    Low Income Groups
    Socially Disadvantaged Children
    Social change
    Social accounting
    Inequality of income
    Economic growth
    Quality of Life
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Poor
    Economic forecasting
    Economic Zones
    Health expectancy
    Social groups
    Political participation
    Distribution of income
    Developing countries
    Rural community development
    Mass society
    Social change
    Social policy
    Social stability
    Population
    Sustainable development
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    Citable URI
    http://hdl.handle.net/11540/9324
    Metadata
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    EDIG-Promoting-inclusive-growth-in-Bangladesh-through-special-economic-zones.pdf (2.562Mb)
    Author
    Razzaque, Mohammad A.
    Khondker, Bazlul H.
    Eusuf, Abu
    Theme
    Poverty
    Economics
    Labor Migration
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise