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Economic and Social Development of Bangladesh: Miracle and Challenges
Published by Springer International Publishing AG
This book discusses Bangladesh's economic and social development that may be called a miracle since the country has achieved remarkable development progress under several unfavorable situations: weak governance and political instabilities, inequality, risks entailed in rapid urbanization, and exposure to severe disaster risks.
This book discusses Bangladesh's economic and social development that may be called a miracle since the country has achieved remarkable development progress under several unfavorable situations: weak governance and political instabilities, inequality, risks entailed in rapid urbanization, and exposure to severe disaster risks. The authors examine what led to this successful economic development, and the potential challenges that it presents, aiming to elicit effective policy interventions that can be adapted by other developing countries.
I. Economic Transformation1.Development Transformation in Bangladesh: An OverviewMinhaj Mahmud, Keijiro Otsuka, Yasuyuki Sawada, and Eiji YamadaIntroductionOverall Growth and Poverty ReductionDevelopment Transformation in BangladeshSocial Transformation Conclusions2.The Miraculous Development of the Garment and Pharmaceutical Industries in BangladeshTetsushi Sonobe, Khondoker Abdul Mottaleb, and Md. Nurul AminIntroductionDevelopment of the Garment IndustryThe Development of the Pharmaceutical IndustrySurvey dataConclusions3.Welfare Implications of Subsidies in the Microfinance Industry in BangladeshYasuyuki Sawada, Yuhei Miyauchi, Junichi YamasakiIntroductionBackgroundDataAnalysisSimple Welfare CalculationsConclusion4.Bangladesh's Structural Transformation: The Role of InfrastructureShahidur R. Khandker and Hussain A. SamadIntroductionThe role of infrastructure: Cross-country evidenceMacro evidence of infrastructure growth in BangladeshWelfare gains from household participation in an infrastructure interventionWelfare gains from village level infrastructure growthDistributional effects of infrastructure interventionConclusions5.International Migration and Remittances for Economic Development in Bangladesh: An OverviewAkira MurataIntroductionTrends and features of international migrationRemittances and Economic DevelopmentThe Cost of MigrationDiscussion and conclusionsII. Social Transformation6.Non-farm Sector Growth and Female Empowerment in BangladeshMinhaj Mahmud, Keijiro Otsuka, Yasuyuki Sawada, Mari Tanaka, Tomomi TanakaIntroductionAnalytical Framework Data and Empirical StrategyEmpirical StrategyResultsConcluding remarks7.Primary, Secondary, and Tertiary Education in Bangladesh: Achievements and ChallengesHisaki Kono, Yasuyuki Sawada, Abu S. ShonchoyIntroductionOverview of the Education SectorPrimary EducationSecondary EducationTertiary EducationConclusions8. NGO Employments and Job Preferences of Youth: Evidence from BangladeshAkira Murata and Naoki NishimuraIntroductionThe Growth of the NGO Sector in BangladeshThe Youth Employment Situation in BangladeshDataJob Preference and Satisfaction in the NGO SectorFactors influencing job choice among young NGO staff ConclusionsIII. Welfare Improvements9. Bangladesh's Achievement in Poverty Reduction:The Role of Microfinance RevisitedShahidur R. Khandker and Hussain A. SamadIntroductionThe panel data and its characteristicsMicrofinance growth and development Borrowers' profilesGrowth in household income, expenditure and povertyHow to assess the effect of borrowing using long panel dataThe Average treatment effect of microcredit How much poverty reduction over the last decade in Bangladesh was due to microcredit?The Cost-effectiveness of microcredit borrowing Conclusion10. Is Multiple Borrowing a Bad Sign? Evidence from Bangladesh and IndiaYasuyuki Sawada Mari Tanaka Minhaj Mahmud IntroductionLiterature on overlapping borrowingMultiple borrowings in Bangladeshi and Indian MFIsDiscussion and conclusion 11. Urbanization and Subjective Well-Being in BangladeshMinhaj Mahmud and Yasuyuki SawadaIntroductionData and MethodsEmpirical AnalysisConclusions12. Happiness in Life-domains: Evidence from rural BangladeshMinhaj Mahmud and Yasuyuki SawadaIntroduction Data and the Empirical StrategyEconometric Analysis and ResultsConcluding RemarksIV. Risk and Challenges13. Challenges in Reducing the Number of Disaster Victims in BangladeshMasahiro Shoji and Akira MurataIntroductionDisaster Victims in BangladeshCurrent Approaches to Reducing the number of Disaster VictimsObstacles to Reducing the Number of VictimsConclusions14. Governance Challenges: Institutional Quality and Trust in BangladeshMinhaj Mahmud and Yasuyuki SawadaIntroductionGovernance and Institutional qualityCorruption and Trust Linkage: Literature reviewData and Empirical StrategyRegression ResultsConclusions Author IndexSubject Index
Yasuyuki Sawada is Chief Economist, Asian Development Bank, Professor of Economics at University of Tokyo and Former Visiting Researcher at JICA-RI, Japan. Minhaj Mahmud is Senior Research Fellow, Bangladesh Institute of Development Studies and Visiting Scholar at JICA-RI, Japan. Naohiro Kitano is Director at JICA Research Institute, Japan.