The Boon and Bane of LDC Graduation: The Bangladesh Experience

SINGAPORE, Feb 22 2021 (IPS) – Bangladeshis at the present time share a modicum of justifiable pride in the fact that the world merits this country worth watching in terms of its economic potentials. To my mind , we have reached this stage for the following reasons: First, effective utilization of early foreign assistance; second a steady ,albeit sustained, move away from a near -socialistic to an open and liberal economy; third , a shift from agriculture to manufacturing as land-space shrank to accommodate urbanization; fourth , an unleashing of remarkable entrepreneurial spirit among private sector captains of industry, as evidenced in the Ready Made Garments industry: fifth, the prevalence of a vibrant civil society intellectually aiding the social transformation with its focus on he…