Abstract
Bangladesh has seen robust growth rates since the mid-1990s (World Bank, 2019). It has performed well on many macroeconomic indicators by increasing rates of savings and investments, while improving on some well-being indicators like literacy, life expectancy, vaccination, and nutrition outcomes (World Bank, 2020). No doubt there have been significant accomplishments in Bangladesh’s development and poverty reduction so far, but it is also important to examine the sustainability, long-term effectiveness and general well-roundedness of the development strategies employed in Bangladesh. This chapter highlights some key aspects of such a development strategy, most notably the need for heterodoxy on fiscal policies, dynamic and egalitarian policies in the agricultural and industrial sectors, and the building of human capital and technological capabilities to promote innovation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Banglapedia. (2015). Literacy. Banglapedia National Encyclopedia of Bangladesh. Modified 15 March 2015. http://en.banglapedia.org/index.php?title=Literacy
Bruton, H. J. (1998). A Reconsideration of Import Substitution. Journal of Economic Literature, 36(2), 903–936.
Collins, P. H., & Bilge, S. (2016). Intersectionality. Key Concepts.
Global Nutrition Report. (2016). Bangladesh Nutrition Profile. Global Nutrition Report. Data as of August 22, 2020. https://globalnutritionreport.org/resources/nutrition-profiles/asia/southern-asia/bangladesh/#profile
Islam, A. K. M. (2014). Foreign Direct Investment (FDI) In Bangladesh: Prospect and Challenges and Its Impact on Economy. Asian Business Review, 4(7) https://www.academia.edu/11924376/Foreign_Direct_Investment_FDI_in_Bangladesh_Prospects_and_Challenges_and_Its_Impact_on_Economy
Jomo, K. S., & Wee, C. H. (2008). Lessons From Post-Colonial Malaysian Economic Development. Paper prepared for WIDER conference on Country Role Models for Development Success, June 13–14, Helsinki
Khan, H. A. (1983). Technology, Energy, Distribution and Balance of Payments: A Macroeconomic Framework. Unpublished dissertation, Cornell University, Ithaca, New York.
Khan, H. A. (1994). Impact of Japanese Aid to India: An Econometric Study of Bilateral Aid. Asian Journal of Economics and Society, 13(4).
Khan, H. A. (1997). Technology, Energy and Development: The South Korean Transition. Edward Elgar.
Khan, H. A. (1998). Technology, Development and Democracy. Edward Elgar.
Khan, H. A. (2004a). Innovation and Growth in East Asia: The Future of Miracles. Houndsmills/Macmillan/Palgrave.
Khan, H. A. (2004b). Global Markets and Financial Crisis in Asia: Towards a Theory for the Twenty First Century. Houndsmills/Macmillan/PalgraveNew.
Khan, H. A. (2013). Bangladesh: Towards a Non-Partisan Search for a Pro-People National Political Economic Strategy during Crisis. MRPA Paper No. 49518. https://econpapers.repec.org/paper/pramprapa/49518.htm
Khan, H. A. (2016). Ekattorer Dinguli: Probashe Alor Gaan (The Days of 1971: Songs of Light in Exile). Prothoma Prokashoni.
Khan, H. A. (2017). A Strategy for Development as Freedom. In R. Lensink, S. Sjogren, & C. Wihlborg (Eds.), Paths to Sustainable Development. University of Gothenburg.
Khan, H. A. (forthcoming 2020a). Human Capabilities in Complex Global System and Financial Governance: A Theory with Application to the BRICS. In P. Anand et al. (Eds.), BRICS Handbook. Oxford University Press.
Khan, H. A. (forthcoming 2020b). Bangabandhu, Internationalism and Liberation. Anya Prakash.
Khan, H. A. (forthcoming 2020c). When the Earth Trembled. Katha Prakash.
Khan, H. A., & Rahman, S. (2020). Women’s Socially Embedded Capabilities and Development: A Theory-based Empirical Investigation of Some ASEAN Economies. Manuscript Submitted for Publication.
Knoema World Atlas. (2020). Bangladesh—Literacy Rates. Knoema. Retrieved August 22, 2020, from https://knoema.com/atlas/Bangladesh/topics/Education/Literacy/Adult-literacy-rate
Lee, K. (2008). Can Korea be a Role Model for Development? A Capability-based View on Korea. Paper prepared for WIDER Conference on Country Role Models for Development Success, June 13–14, Helsinki.
Riaz, A. (2005). Unfolding State: The Transformation of Bangladesh. de Sitter Publications.
Riaz, A. (2016). Bangladesh: A Political History since Independence. I. B. Tauris.
Roy, D. (1991). Determinants of Export Performance of Bangladesh. The Bangladesh Development Studies, 19(4), 27–48. Retrieved August 24, 2020, from http://www.jstor.org/stable/40795418
Runyan, A. A. (2018). What Is Intersectionality and Why is it Important? Academe, 104(6), 10–14.
Sen, A., & Nussbaum, M. (1993). Capability and Well-Being: The Quality of Life. Clarendon Press.
Swiss Centre for International Health in partnership with WHO. (2010). Gender and Immunisation—Summary Report for SAGE. November. Retrieved August 23, 2020, from https://www.who.int/immunization/sage/1_immunization_gender_reports_without_graphics.pdf
Thoburn, J.T. (2008). Viet Nam. Paper prepared for WIDER Conference on Country Role Models for Development Success, June 13–14, Helsinki.
Thoburn, J. T., Sutherland, K., & Nguyen, T. H. (2007). Globalisation and Restructuring in the Textiles Sector on Households in Vietnam: Impacts on Households. Journal of the Asia Pacific Economy, 12(3), 345–366.
UNESCO. (2018). Bangladesh: Education System. UNESCO Institute for Statistics. Retrieved August 22, 2020, from http://uis.unesco.org/en/country/bd?theme=education-and-literacy
Warr, P. (2008). Thailand’s Development Strategy and Growth Performance. Paper prepared for WIDER Conference on Country Role Models for Development Success, June 13–14, Helsinki.
World Bank. (2019). World Bank: Bangladesh Economy Continues Robust Growth with Rising Exports and Remittances. Press Release. Retrieved October 10, 2019, from https://www.worldbank.org/en/news/press-release/2019/10/10/world-bank-bangladesh-economy-continues-robust-growth-with-rising-exports-and-remittances
World Bank. (2020). World Bank Open Data. Retrieved August 19, 2020, from https://data.worldbank.org/
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Khan, H.A., Rahman, S. (2022). The Political Economy of Development: Bangladesh From Its Emergence toward the Future. In: Khondker, H., Muurlink, O., Bin Ali, A. (eds) The Emergence of Bangladesh. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-16-5521-0_9
Download citation
DOI: https://doi.org/10.1007/978-981-16-5521-0_9
Published:
Publisher Name: Palgrave Macmillan, Singapore
Print ISBN: 978-981-16-5520-3
Online ISBN: 978-981-16-5521-0
eBook Packages: Social SciencesSocial Sciences (R0)