No.7 Understanding the Progress of Bangladesh
Despite its start as one of the poorest countries in the world, Bangladesh has been observing a continuously strong economic growth and social improvement. JICA Ogata RI research project “Empirical Study on the Risk and Poverty in Bangladesh” investigated key factors of its impressive socio-economic development. A few country specific driving forces, such as non-farm industries, especially ready-made garment (RMG), microfinance institutions (MFIs), and the development of infrastructures, can be considered to have constituted the mechanism of progress of Bangladesh. Understanding why these changes happened may give useful insights for sustaining its great progress in Bangladesh, and for replicating it in other countries.