IJSSER

Title: Unveiling The Drivers of Bangladesh’s Economic Boom and Lessons for Developing Nations
Authors: Rayyan Aamir Ahmad
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Rayyan Aamir Ahmad In Partnership with Polygence Research & Mentorship Organization
MLA 8 Ahmad, Rayyan Aamir. "Unveiling The Drivers of Bangladesh’s Economic Boom and Lessons for Developing Nations." Int. j. of Social Science and Economic Research, vol. 9, no. 9, Sept. 2024, pp. 3543-3558, doi.org/10.46609/IJSSER.2024.v09i09.023. Accessed Sept. 2024. APA 6 Ahmad, R. (2024, September). Unveiling The Drivers of Bangladesh’s Economic Boom and Lessons for Developing Nations. Int. j. of Social Science and Economic Research, 9(9), 3543-3558. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i09.023 Chicago Ahmad, Rayyan Aamir. "Unveiling The Drivers of Bangladesh’s Economic Boom and Lessons for Developing Nations." Int. j. of Social Science and Economic Research 9, no. 9 (September 2024), 3543-3558. Accessed September, 2024. https://doi.org/10.46609/IJSSER.2024.v09i09.023.
References [1] . "World Development Indicators." Public under the Access to Information Classification Policy, World Bank, databank.worldbank.org/source/world-development-indicators. Accessed 11 July 2024. [2] . Easterlin, Richard A. "Why isn't the whole world developed?." The Journal of Economic History 41.1 (1981): 1-17. [3] . "Education System in Bangladesh." Scholar database, www.scholaro.com/db/Countries/Bangladesh/Education-System. Accessed28 Aug. 2024. [4] . Rodrik D, Stiglitz JE. “A New Growth Strategy for Developing Nations” (2024) [5] . Rodrik, Dani, et al. "Africa’s Manufacturing Puzzle: Evidence from Tanzanian and Ethiopian Firms." (2022). [6] . Pritchett, Lant. "Divergence, big time." Journal of Economic perspectives 11.3 (1997): 3-17.
ABSTRACT: Bangladesh’s meteoric economic rise questions some conventional understandings of economic development. This study delves into the factors propelling this growth, uncovering a surprising narrative. Using World Bank data, I analyze the correlation between various economic indicators and GDP growth. While education is often touted as a panacea, my analysis reveals that manufacturing, agriculture, and remittances emerged as the true drivers of Bangladesh’s prosperity. This research slightly deviates from conventional wisdom, suggesting that a manufacturing-led, remittance-fueled strategy, coupled with a pragmatic approach to education, may be a more effective pathway to development for many developing nations. By challenging established norms, this study offers a fresh perspective on economic growth and presents a roadmap for policymakers seeking to replicate Bangladesh’s success.

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