Political Developments and Economic Progress

  • M. G. Quibria


This chapter starts with a brief outline of Bangladesh’s political developments since independence. It is followed by an overview of the economic progress of the country in terms of growth and structural change. The final section of the chapter provides a brief comparison of the economic performances of Bangladesh and Vietnam to put the discussion in an international development perspective.


Growth and inequality Macroeconomic development Foreign aid and structural change 


  1. Ahmed, Sadiq. 2018. The Political Economy of Trade Protection. In Policy Insights, ed. PRI (Policy Research Institute), 14–19. Dhaka: PRI.
  2. Aitkinson, A.B., and F. Bourguignon. 2001. Income Distribution. In International Encyclopedia of the Social & Behavioral Sciences, ed. Neil J. Smelser and Paul B. Baltes, 7265–7271. New York: Elsevier.CrossRefGoogle Scholar
  3. Asian Development Bank. 1999. The Financial Crisis in Asia. In Asian Development Outlook 1999, ed. Asian Development Bank, 21–46. Manila: Asian Development Bank.Google Scholar
  4. ———. 2017. Meeting Asia’s Infrastructure Needs. Research Report. Manila: Asian Development Bank.Google Scholar
  5. Bertelsmann Stiftung. 2018. Transformation Index BTI. Accessed 27 July 2018.
  6. Boly, Amadou. 2015. On the Effects of Formalization on Taxes and Wages: Panel Evidence from Vietnam. WIDER Working Paper 2015/042. Helsinki: UNU-WIDER.Google Scholar
  7. Brady, David, and Michael Spence. 2010. Leadership and Politics: A Perspective from the Commission on Growth and Development, 1–17. Washington, DC: World Bank.
  8. Chancel, Lucas, and Thomas Piketty. 2017. Indian Income Inequality, 1922–2015: From British Raj to Billionaire Raj? WID.WORLD Working Paper Series No 2017/11. Paris: World Inequality Lab: Paris School of Economics.Google Scholar
  9. Chenery, H.B., and M. Syrquin. 1975. Patterns of Development, 1957–1970. London: Oxford University Press.Google Scholar
  10. Clark, Colin. 1940. The Conditions of Economic Progress. London: Macmillan.Google Scholar
  11. Commission on Growth and Development. 2008. The Growth Report: Strategies for Sustained Growth and Inclusive Development. Washington, DC: World Bank.Google Scholar
  12. Eckardt, Sebastian, Deepak Mishra, and Viet-Tuan Dinh. 2018. Vietnam’s Manufacturing Miracle: Lessons for Developing Countries. Brookings, April 17. Accessed 18 July 2018.
  13. Economic Intelligence Unit. 2018. Democracy Continues Its Disturbing Retreat. January 31. Accessed 10 June 2018.
  14. Economist. 2018. Why Samsung of South Korea Is the Biggest Firm in Vietnam. April 12. Accessed 11 July 2018.
  15. Freedom House. 2018. Freedom in the World 2018: Democracy in Crisis. Accessed 10 June 2018.
  16. Fukuyama, Francis. 2014. Political Order and Political Decay: From the Industrial Revolution to the Present Day. New York: Farrar, Straus and Giroux.Google Scholar
  17. German Watch. 9. Global Climate Risk Index 2018. November 2017. Accessed 23 July 2018.
  18. Government of Vietnam. 2018. General Statistical Office of Vietnam. Accessed 18 July 2018.
  19. IMF. 2017. Bangladesh: Staff Report for the 2017 Article IV Consultation: Debt Sustainability Analysis. Washington, DC: International Monetary Fund.
  20. Islam, S. Aminul. 2006. The Predicament of Democratic Consolidation in Bangladesh. Bangladesh e-Journal of Sociology 3 (2): 4–31.Google Scholar
  21. Krueger, Anne. 1974. The Political Economy of the Rent-Seeking Society. American Economic Review 64 (3): 291–303.Google Scholar
  22. Kuznets, Simon. 1966. Modern Economic Growth. New Haven: Yale University Press.Google Scholar
  23. Lewis, W. Arthur. 1954. Economic Development with Unlimited Supplies of Labor. Manchester School of Economic and Social Studies 22: 139–191.CrossRefGoogle Scholar
  24. McMillan, Margaret, Dani Rodrik, and Claudia Sepuleveda. 2017. Structural Change, Fundamentals, and Growth: A Framework and Case Studies. Washington, DC: IFPRI.Google Scholar
  25. MIT Media Lab. 2018. OEC: Observatory of Economic Complexity. Accessed 9 July 2018.
  26. Murphy, K.M., A. Shleifer, and R.W. Vishny. 1993. Why Is Rent Seeking So Costly to Growth? American Economic Review: Papers and Proceedings 83: 409–414.Google Scholar
  27. Pavcnik, Nina, and B. McCaig. 2017. Moving Out of Agriculture: Structural Change in Vietnam. In Structural Change, Fundamentals, and Growth, ed. M. McMillan, D. Rodrik, and C. Sepulveda, 81–124. Washington, DC: IFPRI.Google Scholar
  28. Quibria, M.G. 2002. Growth and Poverty: Lessons from the East Asian Miracle Revisited. Research Paper Series, No:33. Tokyo: Asian Development Institute.Google Scholar
  29. ———. 2017. Foreign Aid and Corruption: Anti-Corruption Strategies Need Greater Alignment with the Objective of Aid Effectiveness. Georgetown Journal of International Affairs 18 (2): 10–17.CrossRefGoogle Scholar
  30. Quibria, M.G., and Anika L. Islam. 2015. A Case of Aid Effectives in Bangladesh: Development with Governance Challenges. In Handbook on the Economics of Foreign Aid, ed. Mak Arvin and Lew Byron, 429–455. Northampton: Edward Elgar Publishing.CrossRefGoogle Scholar
  31. Reporters Without Borders. 2018. World Press Freedom Index 2018. Accessed 23 July 2018.
  32. Sattar, Zaidi, and Sadiq Ahmed. 2012. Reducing Vulnerability in Export Performance. Working Paper. London: International Growth Centre, London School of Economics.Google Scholar
  33. Sen, Amartya. 2005. The Argumentative Indian: Writings on Indian History, Culture and Identity. London: Penguin Books.Google Scholar
  34. Suykens, Bert, and Julian Kutting. 2018. Violent Democracy in Bangladesh. February 14. Accessed 4 July 2018.
  35. The Daily Star. 2018. Janata Going BASIC’s way. October 12. Accessed 28 October 2018.
  36. United Nations Development Programme. 2015. Beyond Hartals: Towards Democratic Dialogue in Bangladesh. Dhaka: United Nations Development Programme.Google Scholar
  37. Weber, Max. 1978 (Original Publication, 1922). Economy and Society. Berkeley: University of California Press.Google Scholar
  38. World Bank. 2008. The Growth Report: Strategies for Sustained Growth and Inclusive Development. Washington, DC: World Bank on behalf of the Commission on Growth and Development.
  39. ———. 2016. Completion and Learning Report on Bangladesh. IEG Report. Washington, DC: World Bank.Google Scholar
  40. ———. 2017. Bangladesh Development Update: Towards More, Better and Inclusive Jobs. Country Economic Outlook. Dhaka: World Bank.Google Scholar
  41. ———. 2018a. Connecting to Compete 2018: Trade Logistics in the Global Economy. Washington, DC: World Bank.Google Scholar
  42. ———. 2018b. Doing Business. Business Report. Washington, DC: World Bank.Google Scholar
  43. Zhang, Xiaobo, Shahidur Rashid, Kaikaus Ahmad, and Akhter Ahmed. 2014. Escalation of Real Wages in Bangladesh: Is It the Beginning of Structural Transformation? World Development 64: 273–285.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • M. G. Quibria
    • 1
  1. 1.Department of EconomicsMorgan State UniversityBaltimoreUSA

Personalised recommendations