Abstract
Bangladesh has made impressive progress and undergone structural changes over the last five decades despite resource constraints and various social and political challenges. However, while in the long-term, its economic growth is remarkable, the short-term performance is somewhat disappointing. Moreover, while the average and aggregate numbers paint an inspiring image, disaggregated indicators do not often support the apparent good health of the economy. This paper brings out two issues: (i) what have been the growth drivers of Bangladesh economy, and (ii) what have been the outcomes of growth. It also makes a number of recommendations for maintaining, expediting and sustaining the growth momentum. The article recommends for more employment generation in the formal sector, reduction of inequality, mobilization of higher domestic resources, energizing private investment, and above all, ensuring good governance. The paper emphasizes on continuous institutional reforms to improve the quality of growth and ensure distributional justice in Bangladesh.
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