4. Bangladesh should first become a middle-income country, then invest in education and infrastructure, and then enter machinery manufacturing and other industries. These industries are the stairs from middle-income countries to high-income countries. It's too harsh for you to ask Bangladesh to enter these industries now.
Thank you for stating what I have been saying for a long-time and that is BD industrial technological level and output is right for its current levels.
We are already seeing medium tech companies(electronics and pharma) being successful in even developed markets like Western Europe and USA.
Only starting sometime next decade(late 2030s?) will we see these companies investing billions of dollars each year into cutting-edge R&D to try to reach the world's true technological leaders in China, Korea, Japan, Western Europe and USA.
Like you say a single unitary country with a stable government that is singularly focused on economic development, its rise to become the richest country in S Asian is almost assured now.
It only remains to be seen just how much richer over the next 2-3 decades that BD becomes over S Asia - it could end up as the only developed country in S Asia with the rest either middle income or even one or two still 3rd world. We need to wait till the 2040s to know this for sure.
This is nothing unusual as BD was the central pin that made Mughal India the richest part of the planet 3 centuries ago, along with China.
@UKBengali
UKB Bhai,
Vietnam which is currently following a model that may lead it into a "middle-income trap" like what happened to the likes of Thailand etc.
Lets not fall into a fallacy like this. Getting into a "middle income trap" is not exactly such a horrible thing considering our current state of affairs. Even if we get to a Thailand level economy and are struck there, between the three of us we give more than a billion citizens a more decent and honorable life that they have had in the past.
Regards
True but the poster was saying Vietnam all good and India all bad and my reply was based on this.
BD can take lessons from both and India is one of the most critical states to BD economic development, probably on the same level as West and China.
Anyone who thinks BD can develop without very close co-operation with India is simply blind.
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