Drivers of Development
This chapter highlights four serendipitous things that happened in the 1970s, mostly unforeseen by the economists and disconnected from the bloody political process of that time, which laid the foundation of the present Bangladesh economy. These relate to the emergence of the ready-made garment industry, the start of international labor exports to the Middle East, the surge in agricultural growth, and the rise of nongovernmental organizations. Notwithstanding various challenges, these four drivers of development have remained robust to this day and have contributed to the country’s economic and social progress.
KeywordsReady-made garments International labor migration and remittances Agriculture and nongovernmental organizations
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