• Thursday, Aug 05, 2021
  • Last Update : 01:56 pm

ED: This is only the beginning

  • Published at 09:11 pm April 9th, 2021
growth arrow

The next decade will be crucial

Bangladesh’s journey from “basket case” to where it is now -- one of the fastest growing economies in the world -- has been a tremendous one, one which highlights the tenacity with which we have overcome each obstacle.

Described by The New York Times last month as an example of “how to engineer progress by investing in the most marginalized,” Bangladesh now stands as a nation brimming with potential, on the brink of graduating from LDC to developing nation.

These 50 years of struggles and eventual successes deserve to be celebrated and those involved in this process, both in the public and private spheres, must be commended.

But this is only the beginning of a much longer journey -- the direction of which will be determined by the lessons we learn from our past and the mistakes we successfully avoid in the future.

In an interview with the Dhaka Tribune, the country director of ADB in Bangladesh, Manmohan Prakash, compares Bangladesh’s growth story to that of South Korea, whose GDP went from one of the poorest in the world in the 1960s to surpassing Italy’s last year.

But in order for us to successfully achieve the same success, we must learn from such countries, and invest in education and skills, and prepare for the next industrial revolution. 

In fact, we should try to learn from every nation that has successfully managed to establish itself as an economy to be reckoned with and a go-to destination for some of the world’s most necessary supplies. As we have editorialized on before, we must not only diversify our exports and move away from depending on specific heavyweight sectors, we need to create an environment conducive to investment and progress and move up the Ease of Doing Business Index.

There is still much to be done to ensure that our growth stays on track. The next decade will be crucial. 

143
Facebook 143
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail