Bangladesh's Road to Long-term Economic Prosperity Risks and Challen
“A must read for anyone interested in understanding complexities of development process.”–Fakhruddin Ahmed, former Governor of the Central Bank of Bangladesh “Policy makers and general readers including specialists would find this lucid analysis very usef
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M. G. Quibria
Bangladesh’s Road to Long-term Economic Prosperity
M. G. Quibria
Bangladesh’s Road to Long-term Economic Prosperity Risks and Challenges
M. G. Quibria Department of Economics Morgan State University Baltimore, MD, USA
ISBN 978-3-030-11586-9 ISBN 978-3-030-11587-6 (eBook) https://doi.org/10.1007/978-3-030-11587-6 Library of Congress Control Number: 2019931027 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Pattern © Harvey Loake This Palgrave Pivot imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
In loving memory of my father, who gave me the greatest gift anyone could give another—he believed in me.
Preface and Acknowledgment
Since the founding of the country in the early 1970s, Bangladesh has gone through many ups and downs—economic crises and political meltdowns— instabilities that elicited widely divergent, often conflicting, opinions about its prospects. Once considered a basket case, it is now viewed by many as an inchoate economic miracle. This book is an attempt on my part to dissect and analyze the confounding dynamics of the country and examine the possibilities that lie ahead. In the process, I have identified some salient risks and challenges that may shroud the prospects of the economic and social transformation of the country. This book grew out of a Distinguished Public Lecture that I was invited to give at BRAC University, a premier private university in Dhaka, Bangladesh, in January 2018. The lecture, captioned as “Reflections on Bangladesh Economy”, was organized by the Economics and Social Sciences division of the University. The lecture was attended, among oth
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