Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective / Robert C.M. Beyer, Konstantin M. Wacker.

Format:

Book

Author/Creator:

Beyer,Robert C. M., author.

Wacker, Konstantin M., author.

Language:

English

Subjects (All):

Economic development.

Comparative economics.

Physical Description:

1 online resource

Other Title:

Good Enough for Outstanding Growth

Place of Publication:

Washington, D.C. : World Bank, 2022.

Summary:

This paper investigates the outstanding economic growth experience of Bangladesh. It shows that the country's improvements in structural correlates of growth from 1990 to 2004 are in the global top 5 percent for any 15-year period since 1970. They were driven by infrastructure enhancements, more openness to trade, and increasing foreign direct investment. Additionally, this period coincided with significant financial reforms after the banking crisis of the late 1980s and increased political stability. A further increase in growth after 2005 was not correlated with new growth impulses from structural improvements. Instead, the benefits from previous achievements and a stable macroeconomic and institutional environment were "good enough" to prevent the mean reversion of growth that comparable fast-growing economies usually experience.

Notes:

Description based on publisher supplied metadata and other sources.

Publisher Number:

10.1596/1813-9450-10150