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Numbers and Narratives in Bangladesh's Economic Development (Hardcover, 1st ed. 2021)
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Numbers and Narratives in Bangladesh's Economic Development (Hardcover, 1st ed. 2021)
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This book focuses on socio-economic developments of Bangladesh by
challenging the dominant international narrative of the case being
termed as "development surprise", "development paradox" or
"development conundrum," given the absence of good governance. In
doing so, the book examines the political economic dynamics and
offers valuable insights into the current state of the Bangladeshi
economy in light of stability, transformability and sustainability.
Pointing to the 'high' rate of growth in gross domestic product
(GDP) in Bangladesh, there is wide belief that economic growth can
be obtained even without functioning institutions, and is more
important than an inclusive political system. Advocates go on to
argue that authoritarianism may be condoned as long as a steady
course of development is perused. However, the inadequacy of
comparative analysis in to the state of the economy of Bangladesh
vis-a-vis other relevant economies makes such claims myopic and
parochial. This book thus investigates the numbers and narratives
to ascertain the validity of such assertions and lamentations by
looking at the necessary and sufficient conditions of development.
The necessary conditions imply an incisive inquiry into the factors
of economic growth- land, labour, capital and technology while
sufficient conditions warrant a penetrating incisive inquiry into
the factors of economic growth- land, labour, capital and
technology. As such, the book explores development by drawing
variables of politics and economics to find out a causal
relationship, and interjects these variables have on themes such as
growth, agriculture, manufacturing industry, financial sector,
health, education, poverty and inequality.
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