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Bangladesh is becoming South Asia s economic bull case: WSJ

  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. ); } 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 Is Becoming South Asia s Economic Bull Case-539281

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.

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