Export diversification has proven to be a formidable task for Bangladesh. If anything, export concentration—more specifically, dependence on readymade garments (RMG)—has increased further.
In today's globalised and highly competitive world, individual countries invariably operate as part of the “global value chain.”
Bangladesh is well-poised to be considered for graduation from the LDC group at the next review of the UN's Committee for Development Policy (CDP) in March 2018.
Bangladesh is one of the most densely populated countries in the world with a population of 166 million living in an area of 56,977 square miles. The sex ratio of this massive population is almost 50/50.
In the last two years, Bangladesh's economic expansion has been quite impressive from the perspective of GDP growth rate, which was seven-plus percent both years, according to figures from government and other sources.
The formation of Accord and Alliance in 2013 and their activities for workplace safety in the RMG sector have led to important organisational learning for Bangladesh.
After apparels the pharmaceuticals industry has been one of the success stories of Bangladesh in the last three decades.
Fatema, 20, the sole breadwinner of her family, migrated to Saudi Arabia in search of solvency. She purchased a ticket to her dream destination at the cost of Tk 20,000 though the actual cost was much higher.
Remittances received from short-term international contract migration are one of the three important driving forces that have contributed to the transformation of Bangladesh into a low middle-income country.
An “economic miracle”—that's how leading international newspaper the Financial Times described Bangladesh in an article last year as it showered praises over our economic achievements.
Anyone who visits Dhaka for the first time may be excused for thinking that Bangladesh is a rich country with millions of automobiles.
In the last five years Bangladesh has been maintaining a GDP growth rate between six and seven percent. Consequently, Bangladesh's energy consumption has been increasing at more than eight percent per year.
The tax system in Bangladesh is not very different from that of most other developing countries. A significant share of revenue is collected at the border, while domestic taxes are primarily from the VAT and income taxes.
Time and again the government of Bangladesh has reiterated its commitment to ensure the dignity and protection of short-term contract migrant workers.
