Nevertheless, the decade ahead looks promising. There are a few certainties that will benefit Bangladesh’s private sector, including: its “demographic dividend”; Asian growth (Bangladesh could hardly be better placed to become a manufacturing hub supplying Asia’s expanding middle class); a shift of low-end manufacturing away from China. Today, IMF predicts that Bangladesh’s growth will average about 7% for the next five years, higher than the likes of Vietnam, Indonesia and Philippines, and India, Brazil, and Russia for that matter. If policymakers could be constructive and decisive addressing a few key obstacles to growth, then observers may no longer focus on Bangladesh as a poor, aid-dependent country; but rather as a dynamic emerging market. Because actually, that’s what it already is.
Nevertheless, the decade ahead looks promising. There are a few certainties that will benefit Bangladesh’s private sector, including: its “demographic dividend”; Asian growth (Bangladesh could hardly be better placed to become a manufacturing hub supplying Asia’s expanding middle class); a shift of low-end manufacturing away from China. Today, IMF predicts that Bangladesh’s growth will average about 7% for the next five years, higher than the likes of Vietnam, Indonesia and Philippines, and India, Brazil, and Russia for that matter. If policymakers could be constructive and decisive addressing a few key obstacles to growth, then observers may no longer focus on Bangladesh as a poor, aid-dependent country; but rather as a dynamic emerging market. Because actually, that’s what it already is.
Nevertheless, the decade ahead looks promising. There are a few certainties that will benefit Bangladesh’s private sector, including: its “demographic dividend”; Asian growth (Bangladesh could hardly be better placed to become a manufacturing hub supplying Asia’s expanding middle class); a shift of low-end manufacturing away from China. Today, IMF predicts that Bangladesh’s growth will...