Towards a long term development vision for Bangladesh: some socioeconomic and legal aspects
Following modernization paradigm and some local dynamics conducive to development, some Asian countries emerged as economic tigers in the world. Conversely, other Asian countries including Bangladesh failed to taste economic development despite having monetary and technological aids from some deve...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2010
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| Online Access: | http://irep.iium.edu.my/3191/ http://irep.iium.edu.my/3191/ http://irep.iium.edu.my/3191/1/Development_Vision_for_BD.pdf |
| Summary: | Following modernization paradigm and some local dynamics conducive to development, some Asian countries
emerged as economic tigers in the world. Conversely, other Asian countries including Bangladesh failed to taste
economic development despite having monetary and technological aids from some developed nations. Drawing
on some social and historical trajectories of the divergent contours of Asian development/ underdevelopment, the
paper examines the state of development in Bangladesh. The study has found that Japan is the first country in
Asia to achieve modernization, and it was followed by other Asian tigers such as Korea, Taiwan, Singapore,
Malaysia and currently China and India. We found that all these Asian tigers exert a developmental model which
is characterized by ‘endogenous’ modernity and economic nationalism largely driven by, among other things,
long-term economic vision and strong political leadership. While the history of Bangladesh has witnessed
various cultural nationalisms, the nation has failed to generate any unified economic nationalism since its
independence in 1971. We suggest that Bangladesh needs a long-term development vision—a key thrust for
economic nationalism—focusing more on some socioeconomic and legal aspects that have historically become
major impediments for development. |
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