Can Bangladesh become an economic powerhouse?
“Bangladesh can become an economic powerhouse by deepening regional and global integration in trade, connectivity, energy and investment,” Qimiao Fan, World Bank Country Director for Bangladesh, Bhutan, and Nepal, said at the launch of the report on Wednesday.
Why is Bangladesh economy growing so fast?
So why is its economic growing so fast? There are four crucial factors. First of all Bangladesh had the worlds 2 nd biggest garments industry after China. And the government exports from Bangladesh are still rising around 16% every year. The second factor which influences the production of Bangladesh, is its large population.
Is Bangladesh a traditional economy?
The government system is parliamentary democracy; the chief of state is the president, and the head of government is the prime minister. Bangladesh has a traditional economic system in which the allocation of available resources is made on the basis of inheritance and primitive methods.
Why Bangladesh is improving its economy?
Another partial explanation for Bangladesh’s progress is the success of its garment manufacturing industry. That success is itself driven by a number of factors. One notable point is that the main…