Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective

This paper investigates the outstanding economic growth experience of Bangladesh. It shows that the country’s improvements in structural correlates of growth from 1990 to 2004 are in the global top 5 percent for any 15-year period since 1970. They...

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Main Authors:	Beyer, Robert C.M., Wacker, Konstantin M.
Format:	Working Paper
Language:	English English
Published:	World Bank, Washington, DC 2022
Subjects:	STABLE INSTITUTIONS MACROECONOMIC STABILITY ECONOMIC GROWTH ECONOMIC DEVELOPMENT INSTITUTIONAL REFORM TRADE OPENESS FOREIGN INVESTMENT TRADE POLICY
Online Access:	http://documents.worldbank.org/curated/en/099245308232224257/IDU0864f5b27096720401c084f70585706522d9d http://hdl.handle.net/10986/37914

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recordtype	oai_dc
spelling	okr-10986-379142022-08-24T05:10:43Z Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective Beyer, Robert C.M. Wacker, Konstantin M. STABLE INSTITUTIONS MACROECONOMIC STABILITY ECONOMIC GROWTH ECONOMIC DEVELOPMENT INSTITUTIONAL REFORM TRADE OPENESS FOREIGN INVESTMENT TRADE POLICY This paper investigates the outstanding economic growth experience of Bangladesh. It shows that the country’s improvements in structural correlates of growth from 1990 to 2004 are in the global top 5 percent for any 15-year period since 1970. They were driven by infrastructure enhancements, more openness to trade, and increasing foreign direct investment. Additionally, this period coincided with significant financial reforms after the banking crisis of the late 1980s and increased political stability. A further increase in growth after 2005 was not correlated with new growth impulses from structural improvements. Instead, the benefits from previous achievements and a stable macroeconomic and institutional environment were “good enough” to prevent the mean reversion of growth that comparable fast-growing economies usually experience. 2022-08-23T15:00:07Z 2022-08-23T15:00:07Z 2022-08 Working Paper http://documents.worldbank.org/curated/en/099245308232224257/IDU0864f5b27096720401c084f70585706522d9d http://hdl.handle.net/10986/37914 English en Policy Research Working Papers;10150 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English English
topic	STABLE INSTITUTIONS MACROECONOMIC STABILITY ECONOMIC GROWTH ECONOMIC DEVELOPMENT INSTITUTIONAL REFORM TRADE OPENESS FOREIGN INVESTMENT TRADE POLICY
spellingShingle	STABLE INSTITUTIONS MACROECONOMIC STABILITY ECONOMIC GROWTH ECONOMIC DEVELOPMENT INSTITUTIONAL REFORM TRADE OPENESS FOREIGN INVESTMENT TRADE POLICY Beyer, Robert C.M. Wacker, Konstantin M. Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective
geographic_facet	South Asia Bangladesh
relation	Policy Research Working Papers;10150
description	This paper investigates the outstanding economic growth experience of Bangladesh. It shows that the country’s improvements in structural correlates of growth from 1990 to 2004 are in the global top 5 percent for any 15-year period since 1970. They were driven by infrastructure enhancements, more openness to trade, and increasing foreign direct investment. Additionally, this period coincided with significant financial reforms after the banking crisis of the late 1980s and increased political stability. A further increase in growth after 2005 was not correlated with new growth impulses from structural improvements. Instead, the benefits from previous achievements and a stable macroeconomic and institutional environment were “good enough” to prevent the mean reversion of growth that comparable fast-growing economies usually experience.
format	Working Paper
author	Beyer, Robert C.M. Wacker, Konstantin M.
author_facet	Beyer, Robert C.M. Wacker, Konstantin M.
author_sort	Beyer, Robert C.M.
title	Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective
title_short	Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective
title_full	Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective
title_fullStr	Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective
title_full_unstemmed	Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective
title_sort	good enough for outstanding growth : the experience of bangladesh in comparative perspective
publisher	World Bank, Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099245308232224257/IDU0864f5b27096720401c084f70585706522d9d http://hdl.handle.net/10986/37914
_version_	1764488118594961408

Good Enough for Outstanding Growth : The Experience of Bangladesh in Comparative Perspective

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