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The Development Discourse in the Context of Bangladesh: An Analytical View

  • Mohammad Dulal Miah
  • Yasushi Suzuki
Chapter

Abstract

Economic development is believed to be a contribution of several different factors, including human capital, physical capital, savings, investment, infrastructure development, and so on. Different schools of thoughts have evolved to explain the economic growth and backwardness of countries. This chapter critically analyzes leading development theories in the context of Bangladesh. Bangladesh has been struggling to find a way out of its economic demise since its independence in 1971. Development experts have identified numerous reasons that are responsible for economic underdevelopment of the country, and they have offered policy prescriptions accordingly. However, the current scholarships lack a balanced analysis between economic and institutional subsystems. The burgeoning literature concentrates heavily on economic subsystems or factors of production while neglecting the interrelated and complementary counterpart, institutional subsystem or ownership over the factors of production. It is argued in this chapter that sorting out growth-compatible strategies would remain a far cry if the role of the institution for economic development is not adequately emphasized.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Mohammad Dulal Miah
    • 1
  • Yasushi Suzuki
    • 2
  1. 1.University of NizwaBirkat Al MawzOman
  2. 2.Ritsumeikan Asia Pacific UniversityBeppuJapan

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