By 2014, Bangladesh had leveraged its abundant and low-cost labor to spur economic growth and attract both domestic and foreign investment. However, Bangladesh faced a new challenge as it needed to strengthen and modernize its economy through diversification of industry sectors and development of a highly skilled workforce.
To address these challenges, the Milken Institute, in partnership with the Bangladesh Enterprise Institute, convened a two-day Financial Innovations Lab at the Singapore Management University in August 2014. The event brought together representatives from government, investors, and leaders in finance and economic development to analyze best practices for economic modernization. Lab participants from Singapore discussed lessons learned in their country as it transitioned from a labor-intensive economy to one increasingly based on capital factors of production and high-skill industries. Lab participants jointly concluded that Bangladesh was aptly poised to diversify its sectors and attract new types of foreign direct investment and further suggested that, to do this, the government must address certain barriers that have limited both foreign interest and domestic expansion of industries. Specifically, participants called for private sector governance structures, clear goals and a focus on bottom lines. Government actors were called upon to focus on concrete policies and enforcement measures to help further support this industrial diversification.
Even before the onset of the COVID-19 pandemic, the United States was confronted with a number of significant policy concerns. Today, working together to solve those challenges is more imperative than ever. The Milken Institute is committed...
Countries undergoing population aging today are facing a much different experience than their historical counterparts. One only needs to look at the countries in Asia to see how these trends are unfolding. Demographic aging is happening...
The 26th annual Milken Institute Global Conference convened the best minds in the world to tackle its most urgent challenges and realize its most exciting opportunities. Throughout the four-day event, our health teams curated nearly three...
Technical Update Dementia presents a pernicious gender-based health disparity in the United States, inflicting a disproportionate burden on women as both patients and caregivers. Given the rapid increase in the population of older Americans...
Nationwide protests in the summer of 2020 sparked many of the largest US corporations to pledge more than $200 billion to advance racial equity and confront the nation’s history of systemic racism. Nonprofits, government agencies, and...
This year’s report, Building a Resilient America: The New Consensus for Action, is part of The Milken Institute-Harris Poll Listening Project, now in its fifth year, which surveys socioeconomic, institutional, and political barriers to...
Employers seek to support their employees while normalizing a whole-person approach to substance use disorders (SUD). The response to addiction and the opioid crisis requires a whole-of-society approach, including employers of all sizes...
The Financial Innovations Labs® and FasterCures teams have collaborated on a project to identify new models for financing the antimicrobial resistant antibiotic pipeline. These past 18 months have demonstrated how consequential public...
While some sounds can be annoying for most people, for a few, certain sounds like chewing, sniffling, or pen clicking can trigger an intense physical and emotional response. Those with this condition can experience increased heart rate...