00--Bangladesh Investment

00--Bangladesh Investment - Pilot Investment Climate...

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Pilot Investment Climate Assessment Improving the Investment Climate in Bangladesh An Investment Climate Assessment Based on an Enterprise Survey Carried Out by the Bangladesh Enterprise Institute and the World Bank June 2003
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ii © 2003 The International Bank for Reconstruction and Development / THE WORLD BANK 1818 H Street, N.W. Washington, D.C. 20433, USA The material in this work is copyrighted. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or inclusion in any information storage and retrieval system, without the prior written permission of the World Bank. The World Bank encourages dissemination of its work and will normally grant permission promptly. For permission to photocopy or reprint, please send a request with complete information to the Copyright Clearance Center, Inc, 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470, www.copyright.com All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, e-mail pubrights@worldbank.org Library of Congress Cataloging-in-Publication Data has been applied for.
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Acknowledgments iv Acronyms and Abbreviations v Executive Summary vi 1. Investment Climate Matters 1 Key Features of the Investment Climate 1 Governance 1 Infrastructure 2 Access to Finance 2 International Integration 3 Human Resources 3 Linking the Investment Climate with Growth 3 An Overview of the Bangladesh Economy 3 The Survey—and What Its Findings Reveal 8 2. Bangladesh’s Investment Climate in International Perspective 10 A Strong Macroeconomic Performance 10 Poor Integration with the Global Economy 11 Serious Deficiencies in Infrastructure 13 Power 15 Transport, Ports, and Customs 16 Telecommunications 18 Governance Problems 20 Governance Quality 20 Entry 22 Access to Finance 23 Lagging in Human Resources 24 A Weak Record in Technological Innovation 26 3. The Effects of Bangladesh’s Investment Climate on Firms 28 International Integration—The Potential of Exports and the Rise of a New Industry 28 Governance a Big Burden on Firms 29 Regulation 29 Corruption 31 Legal System 32 Access to Finance a Growing Concern 32 Flexible Rules for Labor 34 Greater Difficulties for Small- and Medium-Size Enterprises 34 Comparing the Investment Climates in Chittagong and Dhaka 37 Infrastructure 37 Regulation and Corruption 38 What’s the Bottom Line? 38 Simulating the Gains from a Better Investment Climate 39 4. Conclusions and Policy Recommendations 42 Easing Bottlenecks in Infrastructure 42 Power 42 Telecommunications 45 Transport, Ports, and Customs 46 Strengthening Governance 46 Improving Access to Finance 47 Appendix 1: Sampling Methodology 50 Trade Associations Contacted 52 Chambers of Commerce Contacted 53 Other Sources 53 Government Sources 53 Others 53 Appendix 2: Technical Appendix 56 Regression Analyses 56 Simulations 57 Indexes 57 Appendix 3: Standard Investment Climate Tables 62 References 73 Contents iii
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00--Bangladesh Investment - Pilot Investment Climate...

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