A01=Denis Medvedev
A01=Gladys Lopez-Acevedo
A01=Vincent Palmade
Agribusiness
Apparel
Author_Denis Medvedev
Author_Gladys Lopez-Acevedo
Author_Vincent Palmade
Automotive
Capital
Category=KCL
Category=KCM
Competitiveness
Electronics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Exports
Labor
Manufacturing
Productivity
Wages
Youth
Product details
- ISBN 9781464809736
- Weight: 440g
- Dimensions: 203 x 287mm
- Publication Date: 30 May 2017
- Publisher: World Bank Publications
- Publication City/Country: US
- Product Form: Paperback
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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: to operate close to what would be considered optimum efficiency levels given the prevailing factor prices and thus employ South Asia’s abundant labour.
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.
