Whispers of Growth: Navigating the Interwoven Currents of Bangladesh’s Economic and Social Evolution

Jahedi, Monika and Minhaz, Kakoli and Gupta, Shittak and Sen, Topon (2024): Whispers of Growth: Navigating the Interwoven Currents of Bangladesh’s Economic and Social Evolution.

Abstract

This paper undertakes a comprehensive analysis of the multifaceted economic and social forces that have shaped Bangladesh's developmental trajectory, tracing its journey from pre-independence stagnation through post-war recovery to its emergence as a resilient and increasingly successful nation in South Asia. The transformation of Bangladesh from a war-ravaged, least-developed country to an upper-middle-income economy stands as a remarkable case study within development economics. Key elements examined include the macroeconomic policy framework, trade and investment climate, agricultural technological advancements, and remittance inflows. On the social front, the analysis encompasses demographic trends, education, healthcare, gender dynamics, and the impact of accelerated urbanization. Additionally, the persistent challenges of poverty, inequality, environmental degradation, and governance are addressed, alongside the critical need for technological innovation. Through this in-depth exploration of key determinants, the paper illuminates the policies that have underpinned Bangladesh's past economic growth and outlines the strategic measures required to sustain and amplify its future development.

• Item Type: MPRA Paper
• Language: English
• Keywords: Bangladesh; Economic Development; Society; History; Economy
• Subjects: A - General Economics and Teaching > A1 - General Economics; B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; F - International Economics > F0 - General; G - Financial Economics > G0 - General; N - Economic History > N0 - General; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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