A new ADB report shows that how women decide to spend time differs to men, and that helps to understand why many women don’t join the formal workforce – and why, if they do, they are still likely to earn less than men and less likely to gain promotion.
Valerie currently focuses on growth and productivity issues in Bangladesh. Her earlier analytical work was on macroeconomic issues, particularly growth, investment and fiscal issues in DMCs, more specifically taxation of the oil and gas sector. Prior to joining the ADB, she worked as a macroeconomist for Central America and the Caribbean at the Inter-American Development Bank, and the International Monetary Fund. She holds a Ph.D. in economics from the University of Pennsylvania and a BA from Yale University.
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Work done within the home, including caring for children, is extremely important to society but undervalued and poorly tracked.
Asian developing countries need a systemic and thorough analysis of productivity drivers, with a roadmap for MDBs to coordinate development priorities and strategies.
Adaptable, flexible job seekers who are always willing to learn more skills will be better equipped to embrace the future, including automation.
A recent ADB study suggests that some of the success of Bangladesh's ready-made garment sector over the past 25 years is unlikely to provide the same type of benefits to the economy going forward.
To benefit sustainably from its garment export performance, Bangladesh should shift its production capabilities to cater to the higher value-added category of clothing demand.
Production value chains in Asia and beyond will be severely affected by the US-PRC trade tensions.