How Bangladesh transformed from mass starvation to a fast growing economy| Bangladesh success story

In the year 1971 Bangladesh got liberated from Pakistan and became an independent nation. Born amid war and famine, the country has become a growth miracle. Thanks to enabling global and domestic policies, the preferential treatment accorded to Bangladesh as a least developed country has contributed hugely to it's success. Readymade garment exports, the backbone of country's economy flourished with its cheap labour surplus( competitive advantage) and foreign policies like Multi fiber Agreement, Everything but arms( comparative advantage). This combined with pharmaceutical industry, information and communication technology sector in recent times added value to its economy. The contribution of the country's NGO is huge, notably Mohammed Yunus Grameen Bank through which microfinance spread all across the world.

Видео How Bangladesh transformed from mass starvation to a fast growing economy| Bangladesh success story канала Vaahini