Export diversification: Not yet

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The modest export basket of Bangladesh during its early years was extremely concentrated. Only two products, viz. raw jute and jute goods, accounted for nearly 85 percent of the total export (see Table 1). The concentration declined gradually to 63 percent by 1981-82 when readymade garments (RMG) made its appearance. Since then the share of… Read more »

  • Comment 2

Economic performance: The basics

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Once ridiculed as the “bottomless basket”, Bangladesh has recently been awarded the status of a lower middle income country by the World Bank (WB) as the Gross National Income (GNI) per capita of Bangladesh exceeded the $1,046 threshold. It is indeed a great moment of redemption and pride for the nation. However, it is not… Read more »

  • Comment 0

Bucking stagnation elsewhere, the quiet rise of South Asia

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South Asia has long been seen as an economic laggard, but that could start changing. At a time when growth is falling sharply in most other emerging nations, as commodity prices collapse and global trade slows, South Asia has proved relatively resilient. Together, India, Bangladesh, Sri Lanka and Pakistan are now growing at an average… Read more »

  • Comment 1

Mr. Muhith’s budget: Spending out of the rut

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Mr. AMA Muhith has secured his place in history. For a seventh year in a row, the finance minister has performed the ritual of placing Bangladesh’s national budget – a feat no other predecessor of the octogenarian politician could achieve. During this long period he has raised the budget expenditure from BDT 1016 billion (actual)… Read more »

  • Comment 5