Structural Transformation of Bangladesh Economy

Mujeri, Mustafa K.; Mujeri, Neaz

doi:10.1007/978-981-16-0764-6

Cited by 6 publications

(4 citation statements)

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“…In Bangladesh, most of the women work in traditional, unorganized jobs because they are illiterate, do not have any technical skills, and do not have many chances to learn to read or learn new skills [ 57 ]. On the other hand, the informal economy helps millions of people make a living and is good for Bangladesh as a whole, individuals, and to national well-being, especially in developing countries [ 58 ]. However, women are susceptible to several threats while doing their job.…”

Section: Resultsmentioning

confidence: 99%

Mapping out the vulnerabilities of migrant women in the informal sector: A qualitative investigation in Dhaka city

Sifullah,

Sohel,

Hossain Sarker

et al. 2023

Heliyon

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Section: Resultsmentioning

confidence: 99%

Mapping out the vulnerabilities of migrant women in the informal sector: A qualitative investigation in Dhaka city

Sifullah,

Sohel,

Hossain Sarker

et al. 2023

Heliyon

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“…Chowdhury et al (2023) identified the contribution of remittances to the economic progress of Bangladesh, Sri Lanka, and Vietnam using panel data from 1990-2019. Mujeri and Mujeri (2021) studied Bangladesh is changing in terms of value addition, trade, employment, productivity, official and informal vocations, and low-skilled worker prospects. Bangladesh's manufacturing sector couldn't create enough jobs or boost productivity.…”

Section: Literature Reviewmentioning

confidence: 99%

Transition of Bangladesh Economy to Tiger Economy from Bottomless Economy: A Fifty Years (1972-2022) Perspective

Uddin,

Das,

Sikdar

2024

IJSB

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Since gaining independence in 1971, Bangladesh has made significant economic progress despite starting with the lowest per capita GDP, a weak economy, and inadequate infrastructure. Bangladesh's economy, once dubbed the 'bottomless basket', has recently undergone a significant transformation, gaining recognition as a booming economy, sometimes referred to as the tiger economy. This research aimed to provide a thorough evaluation of the economic growth that Bangladesh has achieved since its independence until the present. Furthermore, this research aimed to analyse the primary obstacles and provide strategies to address them. This study analyses the time series data from 1972 to 2022 for 15 key economic, social, financial, and environmental indicators of Bangladesh's economy. We include the following indicators: annual GDP, GDP growth, GDP per capita, GNI, GNI per capita, trade balance, literacy rate, unemployment rate, carbon (CO2) emissions, life expectancy, access to electricity, external debt, foreign direct investment, total reserves, and annual budget. We obtained the data from the Bangladesh Bureau of Statistics (BBS), the Bangladesh Bank, the Ministry of Finance, and the World Bank. Research findings indicate that Bangladesh has made substantial progress in several economic and social indicators over the last five decades, including high annual GDP, GDP growth rate, GDP per capita, GNI, GNI per capita, literacy rate, life expectancy, access to electricity, foreign direct investment, and the national budget. Although Bangladesh's economy has made significant strides, it still faces many obstacles, including a negative trade balance, a continuously growing unemployment rate, escalating carbon (CO2) emissions, dependence on foreign external loans, a deficit budget, and the need for climate change adaptation. To tackle the difficulties, it is necessary to integrate many proactive measures. This research provides valuable insights for policymakers seeking to comprehend the current patterns of Bangladesh's growth, as well as the significant obstacles it faces and strategies for overcoming them.

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“…Bangladesh's social safety net also does not target the unemployed, except a few targeted Food for Work programmes to redress seasonal unemployment in the agriculture sector. Employment in the informal sector was as high as 85 per cent of total employment in 2016-17; this large group of workers faced employment losses, wage cuts, and had no or limited support from the workplace (Mujeri 2019). They also had no access to social protection (ibid.).…”

Section: The Impact Of the Covid-19 Pandemic And The State Of Social ...mentioning

confidence: 99%

Being New Poor in Bangladesh: Coping Strategies, Constraints, and Trajectories

Nazneen,

Ahamed,

Aziz

et al. 2024

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Recent studies of the Covid-19 pandemic have found that millions in Bangladesh fell into poverty during this time, and they were unable to recover to their pre-pandemic economic position. This study draws on qualitative panel data collected from 39 new-poor households in Khulna, coping with pandemic-induced shocks and attempting to come out of poverty. How are the new poor attempting to recover: what strategies are they using and what constraints do they face? What are the implications for governance of their efforts? Based on their pre-pandemic economic conditions, we divide these new-poor households into two categories: those that were ‘never poor’ and ‘the vulnerable non-poor’ households. All the new-poor households we engaged with used a variety of strategies to cope and recover which included financial strategies such as borrowing money, livelihood strategies such as having multiple occupations, cost-reduction strategies such as decreasing expenditure on health and education, and social safety strategies such as accessing social protection. The main constraints that these households faced were many. These included their inability to access loans and access finances, limited access to social protection, lack of trust and expectations from the local government to provide services to aid their recovery, and social norms around honour and shame which limited their ability to seek assistance or have female members of the household engage in an income-generating activity. Most ‘never-poor’ households were recovering while most of the vulnerable households were stuck. Governance implications of the experiences of these households include the state playing a bigger role in supporting the new poor, limiting the role intermediaries and informal networks play in how social protection is provided, strengthening practices that build trust in local government, and tackling corruption.

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Structural Transformation of Bangladesh Economy

Cited by 6 publications

References 0 publications

Mapping out the vulnerabilities of migrant women in the informal sector: A qualitative investigation in Dhaka city

Mapping out the vulnerabilities of migrant women in the informal sector: A qualitative investigation in Dhaka city

Transition of Bangladesh Economy to Tiger Economy from Bottomless Economy: A Fifty Years (1972-2022) Perspective

Being New Poor in Bangladesh: Coping Strategies, Constraints, and Trajectories

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