This book discusses Bangladeshs economic and social development that may be called a miracle since the country has achieved remarkable development progress under several unfavorable situations: weak governance and political instabilities, inequality, risks entailed in rapid urbanization, and exposure to severe disaster risks. The authors examine what led to this successful economic development, and the potential challenges that it presents, aiming to elicit?effective policy interventions that can be adapted by other developing countries.
I. Economic Transformation
1Development Transformation in Bangladesh: An Overview
Minhaj Mahmud, Keijiro Otsuka, Yasuyuki Sawada, and Eiji Yamada
Introduction
Overall Growth and Poverty Reduction
Development Transformation in Bangladesh
Social Transformation ?
Conclusions
2The Miraculous Development of the Garment and Pharmaceutical Industries in Bangladesh
Tetsushi Sonobe, Khondoker Abdul Mottaleb, and Md. Nurul Amin
Introduction
Development of the Garment Industry
The Development of the Pharmaceutical Industry
Survey data
Conclusions
3Welfare Implications of Subsidies in the Microfinance Industry in Bangladesh
Yasuyuki Sawada, Yuhei Miyauchi, Junichi Yamasaki
Introduction
Background
Data
Analysis
Simple Welfare Calculati
ons
Conclusion
4Bangladeshs Stl#+