Why is Bangladesh Booming? (The Asset)
BANGLADESH has become one of Asia’s most remarkable and unexpected success stories in recent years. Once one of the poorest regions of Pakistan, Bangladesh remained an economic basket case – wracked by poverty and famine – for many years after independence in 1971. In fact, by 2006, conditions seemed so hopeless that when Bangladesh registered faster growth than Pakistan, it was dismissed as a fluke.
Yet that year would turn out to be an inflection point. Since then, Bangladesh’s annual GDP growth has exceeded Pakistan’s by roughly 2.5 percentage points per year. And this year, its growth rate is likely to surpass India’s (though this primarily reflects India’s economic slowdown, which should be reversed barring gross policy mismanagement).
- Mark Mobius Answers Readers’ Questions (Mobius Blog)
- Bangladesh: A Rising Consumer Story (AFC Asia Frontier Fund)
- The “Next Eleven” and the World Economy (The Asset)
- The Rise and Rise of Bangladesh (Nikkei Asian Review)
- Frontier Market ETFs Have 72% Exposure to Oil-Dependent Countries (FT Adviser)
- Russell Frontier Markets Equity Fund’s Manager Sees Neglected Gems (WSJ)
- The Spoils of Trade War: Asia’s Winners and Losers in US-China Clash (SCMP)
- Brazil Consumer Confidence Falls in Latest Nielsen Survey
- GST: Asia’s Most Important Economic (Election) Talking Point? (SCMP)
- China Faces Pushback on Belt and Road Indebtedness (The Asset)