Bangladesh Development Update, April 2021

Haven, Bernard James; Beyer, Robert; Dihel, Nora; Arshad, Selvia; Shahriar, Shegufta

doi:10.1596/35965

Cited by 5 publications

(3 citation statements)

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“…However, realizing this potential necessitates proactive investments in digital infrastructure, education, and policy reforms. Embracing these technological trends will not only solidify Bangladesh's position in global trade networks but also catalyze its transition to a digitally-driven economy, fostering inclusivity, innovation, and resilience in an ever-changing global milieu (Hussain et al, 2017).…”

Section: Future Prospectsmentioning

confidence: 99%

Technological Advancement and Its Impact on International Trade Dynamics: A Comprehensive Study of Bangladesh

Rakib,

Monir

2023

Malaysian J. Buss. Econ. Mgmt

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This research delves into the intricate relationship between technological advancement and international trade dynamics in Bangladesh, a nation experiencing a burgeoning number of internet users and technological immersion. Analyzing data from a sample of 25 firms across diverse sectors, the study unveiled a potent correlation between technological adoption and firm growth. Notably, large firms in the Ready-Made Garments (RMG) and IT sectors demonstrated pronounced technological integration, positively influencing their trade growth. In contrast, the agriculture (AGRI) sector presented unique challenges, with medium and small enterprises perceiving technological assimilation as a significant barrier. Regression analyses reinforced technological adoption as a paramount determinant of growth, elucidating approximately 91.2% of the variance in firm growth rates. Despite the overarching positive trajectory, the research underscores variances in technological impact across sectors and firm sizes. Conclusively, while technology emerges as a catalyst for growth in Bangladesh's international trade, its uniform adoption and consequent benefits necessitate tailored strategies and infrastructural enhancements.

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Section: Future Prospectsmentioning

confidence: 99%

Technological Advancement and Its Impact on International Trade Dynamics: A Comprehensive Study of Bangladesh

Rakib,

Monir

2023

Malaysian J. Buss. Econ. Mgmt

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“…The World Bank upgraded Bangladesh to a lower-middle income economy in 2015 due to its remarkable progress in poverty reduction alongside sustained economic growth. Bangladesh is on track to graduate from the United Nation’s Least Developed Country list by 2026 (Haven et al , 2021). MFS adoption has increased tremendously in Bangladesh.…”

Section: Introductionmentioning

confidence: 99%

Mobile financial services and household welfare in a developing economy: boon and bane

Ahmad

Wongsurawat

2023

JSTPM

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Purpose This study aims to investigate whether the introduction of innovative financial products increases welfare for low-income households working in the manufacturing sector. Specifically, the authors measure the impact of mobile financial services (MFSs) on economic opportunities and wellbeing of garment factory workers in Bangladesh. Design/methodology/approach The study is based on Amartya Sen’s Capabilities Approach. Close to 400 textile factory workers were interviewed about their experience using Bangladesh’s most popular MFS, and how their household welfare has changed over time. Results were tabulated and analyzed with simple statistical tools. Findings While there remains an abundance of friction in the system, financial innovation still assisted low-income households in savings, and expedited and secured their fund transfers. The introduction of the new technology, especially when it is made mandatory, seems to have disempowered married women by reducing their financial independence from their husbands. Originality/value This study should help policy makers and international bodies in their efforts to design and support the inclusive growth of mobile financial technology.

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“…In 2020, 10 million Bangladeshis were officially recorded as foreign workers, contributing significant remittances to the country (Khan & Sultana, 2020). According to Haven et al (2019), Bangladesh has been growing over the years, with major contributions emerging from inward remittances. In addition, remittance is the second-largest source of foreign currency earnings for the country.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Remittances on Children’s Education in Bangladesh

Al-Islam

Prachee

Saifullah

2022

IJIE

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Inward remittance is one of the major sources of foreign income for Bangladesh and its economic significance at both macro and household levels is evident in the existing literature. This study iassesses the impact of remittances on school enrolment of children in Bangladesh by utilising cross-sectional household-level data obtained from the Household Income and Expenditure Survey 2016. Employing a probit regression method for the analysis, our findings reveal a positive relationship between school enrolment of children and remittances as expected. Furthermore, the education levels of parents are found to have a significant positive impact on the school enrolment of children. Our results also suggest that households with two or three children are more likely to enrol their children in schools as opposed to households with just one child and those with four or more children. However, household location (urban) and gender of children (male) exhibit a negative impact on enrolment. This study suggests that along with the current incentives provided to migrant workers sending remittances, the government can also implement modified or additional incentives to enhance the enrolment of children from remittance-receiving families. Also, to address the issues of lower enrolment among children from urban areas, male children and households with just one child, policymakers should develop new intervention programmes while sensitising the public on the benefits of acquiring education.

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Bangladesh Development Update, April 2021

Cited by 5 publications

References 0 publications

Technological Advancement and Its Impact on International Trade Dynamics: A Comprehensive Study of Bangladesh

Technological Advancement and Its Impact on International Trade Dynamics: A Comprehensive Study of Bangladesh

Mobile financial services and household welfare in a developing economy: boon and bane

The Impact of Remittances on Children’s Education in Bangladesh

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