News Desk,
bdnews24.com
Published: 05 Mar 2021 04:01 PM BdST
Updated: 05 Mar 2021 04:04 PM BdST A woman works in a garment factory, as factories reopened after the government has eased the restrictions amid concerns over coronavirus disease (COVID-19) outbreak in Dhaka, Bangladesh, May 3, 2020. REUTERS/FILE Photo
Bangladesh has won plaudits from The Wall Street Journal for the economic strides it has made in recent years in the wake of its graduation from the UN s least-developed-country categorisation. );
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The South Asian nation received the UN Committee for Development Policy s recommendation to be elevated to the developing country category as it gears up to enter the 50th of its independence.
Bangladesh’s development model matches that of stages in South Korea, China: WSJ
Is taka depreciation good for economy or bad? File Photo: Reuters Star Digital Report Star Digital Report
Bangladesh is becoming South Asia s economic bull case , reported Wall Street Journal on March 3. WSJ s Hong Kong-based reporter Mike Bird claimed Bangladesh is notable in South Asia for being the closest proxy for the successful development models seen at various stages in South Korea, China, and Vietnam.
Bangladesh provides the world with another example that export-led development has the best modern-day track record of moving countries from very low-income levels into middle-income status, the report said.
Bangladesh Is Becoming South Asia’s Economic Bull Case
Sun Online Desk
4th March, 2021 02:35:17
Bangladesh achieved an economic landmark last week, when the United Nations’ Committee for Development Policy recommended that the country graduate from the least-developed-country categorization that it has held for most of the 50 years since it became independent.
Bangladesh is notable in South Asia for being the closest proxy for the successful development models seen at various stages in South Korea, China and Vietnam. Export-led development has the best modern track record of moving countries from very low income levels into middle-income status.
Bangladesh’s exports have risen by around 80% in dollar terms in the past decade, driven by the booming garment industry, while India and Pakistan’s exports have actually declined marginally.