Rayyan Aamir

Unveiling the Drivers of Bangladesh’s Economic Boom and Lessons for Developing Nations

Started Dec. 5, 2023

Abstract or project description

Bangladesh’s meteoric economic rise questions some conventional understandings of economic development. This study delves into the factors propelling this growth, uncovering a surprising narrative. Using World Bank data, I analyze the correlation between various economic indicators and GDP growth. While education is often touted as a panacea, my analysis reveals that manufacturing, agriculture, and remittances emerged as the true drivers of Bangladesh’s prosperity. This research slightly deviates from conventional wisdom, suggesting that a manufacturing-led, remittance-fueled strategy, coupled with a pragmatic approach to education, may be a more effective pathway to development for many developing nations. By challenging established norms, this study offers a fresh perspective on economic growth and presents a roadmap for policymakers seeking to replicate Bangladesh’s success.