While there is no denying that rapid expansion of manufacturing remains the time-tested method for economic growth and job creation, there is evidence that manufacturing volume may not be the best proxy for long-run economic prosperity of a country.
All the world’s successful industrial policies – those that have delivered the best wages, working conditions and opportunities for economic mobility – have made diversification a central aim. Countries like Bangladesh must do the same.
Sabina Dewan spoke to Quartz about Bangladesh’s strategy of attracting investment by keeping regulation lax and wages low in the garments sector.
In the run-up to President Barack Obama’s visit to India in January 2015, JustJobs Executive Director Sabina Dewan spoke to Bloomberg about the JJN chapter of a book on renewable energy.
For the PMJDY to be successful, expanding social insurance and assistance will be the lower hurdle, and creating jobs by extending banking facilities to more micro enterprises will be the larger challenge.