The Economic Development of Bangladesh

Authors

Bob Ladd, Illinois Wesleyan UniversityFollow
Jenny Le, Illinois Wesleyan UniversityFollow
Amber Gauthier, Illinois Wesleyan UniversityFollow
David Werner, Illinois Wesleyan UniversityFollow

Abstract

In general, Bangladesh's economic performance has been impressive with a fast-growing economy and astounding achievements accomplished in many areas, from encouraging private investment to accelerating the process of urbanization and industrialization while keeping unemployment rate and income inequality under control. However, the country is still struggling with a broad spectrum of complicated issues, most of which have to do with its low skilled labor force, persistent poverty, and the lack of resources to support the rapid economic growth and urbanization. Those issues have restrained the country from making the leap to the next stage of development. With an aim to provide an in-depth analysis of how the government of Bangladesh has tackled those problems, the following parts of this report will discuss two development initiatives: one made education more affordable for children from poor Bangladeshi families and the other "lit up" the country.

Recommended Citation

Ladd, Bob; Le, Jenny; Gauthier, Amber; and Werner, David (2019) "The Economic Development of Bangladesh," The Park Place Economist: Vol. 27
Available at: https://digitalcommons.iwu.edu/parkplace/vol27/iss1/16