Export diversification has proven to be a formidable task for Bangladesh. If anything, export concentration—more specifically, dependence on readymade garments (RMG)—has increased further.
In today's globalised and highly competitive world, individual countries invariably operate as part of the “global value chain.”
Bangladesh is well-poised to be considered for graduation from the LDC group at the next review of the UN's Committee for Development Policy (CDP) in March 2018.
Bangladesh is one of the most densely populated countries in the world with a population of 166 million living in an area of 56,977 square miles. The sex ratio of this massive population is almost 50/50.
In the last two years, Bangladesh's economic expansion has been quite impressive from the perspective of GDP growth rate, which was seven-plus percent both years, according to figures from government and other sources.
The formation of Accord and Alliance in 2013 and their activities for workplace safety in the RMG sector have led to important organisational learning for Bangladesh.
After apparels the pharmaceuticals industry has been one of the success stories of Bangladesh in the last three decades.
Fatema, 20, the sole breadwinner of her family, migrated to Saudi Arabia in search of solvency. She purchased a ticket to her dream destination at the cost of Tk 20,000 though the actual cost was much higher.