Institutions for Development

The chapter deals with the challenging issues of developing institutions for development in Bangladesh. The analysis maintains that future development path of Bangladesh significantly depends upon the quality of its economic institutions. Since performanc

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Bangladesh at Fifty Moving beyond Development Traps Mustafa K. Mujeri · Neaz Mujeri

Palgrave Studies in Economic History Series Editor Kent Deng London School of Economics London, UK

Palgrave Studies in Economic History is designed to illuminate and enrich our understanding of economies and economic phenomena of the past. The series covers a vast range of topics including financial history, labour history, development economics, commercialisation, urbanisation, industrialisation, modernisation, globalisation, and changes in world economic orders. More information about this series at http://www.palgrave.com/gp/series/14632

Mustafa K. Mujeri • Neaz Mujeri

Bangladesh at Fifty Moving beyond Development Traps

Mustafa K. Mujeri Institute for Inclusive Finance & Development (InM) Dhaka, Bangladesh

Neaz Mujeri Centre for Research Initiatives (CRI) Dhaka, Bangladesh

ISSN 2662-6497     ISSN 2662-6500 (electronic) Palgrave Studies in Economic History ISBN 978-3-030-56790-3    ISBN 978-3-030-56791-0 (eBook) https://doi.org/10.1007/978-3-030-56791-0 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020 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, expressed 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 illustration: Neil Cooper / Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

For Zinnatoon Nadira and Hasib, Moonzeba, Aliyah and Rayhan who have always been our source of inspiration and joy

Preface

Bangladesh is celebrating its fifty years of independence in 2021, following a nine-month long liberation war with the Pakistani army in 1971. During the war, there was extensive destruction and damage to the economy and all types of establishments and infrastructures in both r