IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2022-05-13.html
   My bibliography  Save this article

Policy Gaps with Bangladesh Compared to a Few Asian Economies along the Linear Stages Growth Path

Author

Listed:
  • M. Aminul Islam Akanda

    (Department of Economics, Comilla University, Bangladesh)

Abstract

This study evaluated growth experiences and identified policy gaps with Bangladesh compared to a few advanced Asian countries. It used secondary data over 120 years in retrospect along with projection to some extent. Whether would Bangladesh be able to enter into subsequent stages along linear stages growth model was a major research question. Bangladesh entered into the third of five stages in the early 1990s. On the other hand, Malaysia reached at the fourth and South Korea at the fifth stage. Bangladesh was too envisioned to reach at peak within 20 years with creative industries and demographic dividend. Some industrial conglomerates and new industries were expanded here in the 2000s. This economy would soon enter into fourth stage satisfying stage-specific indicators like two other economies. It had some policy gaps identified through comparison of stage-specific policies and strategies with others. However, its government, in the second perspective plan (2021-2041), emphasized on ICT based product-innovation and job creation in industry 4.0. Major challenges to moving forward in here was to reducing gaps between planned and actual development.

Suggested Citation

  • M. Aminul Islam Akanda, 2022. "Policy Gaps with Bangladesh Compared to a Few Asian Economies along the Linear Stages Growth Path," International Journal of Economics and Financial Issues, Econjournals, vol. 12(5), pages 117-128, September.
    • Handle: RePEc:eco:journ1:2022-05-13
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijefi/article/download/13194/6935
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijefi/article/view/13194
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015. "The Next Generation of the Penn World Table," American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
    2. Mizoguchi, Toshiyuki, 1979. "Economic Growth of Korea under the Japanese Occupation -Background of Industrialization of Korea 1911-1940-," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 20(1), pages 1-19, June.
    3. Richard E. Baldwin & Philippe Martin & Gianmarco I. P. Ottaviano, 2021. "Global Income Divergence, Trade, and Industrialization: The Geography of Growth Take-Offs," World Scientific Book Chapters, in: Firms and Workers in a Globalized World Larger Markets, Tougher Competition, chapter 2, pages 25-57, World Scientific Publishing Co. Pte. Ltd..
    4. Editors The, 2008. "From the Editors," Basic Income Studies, De Gruyter, vol. 3(1), pages 1-1, July.
    5. Asadullah, M. Niaz & Savoia, Antonio & Mahmud, Wahiduddin, 2014. "Paths to Development: Is there a Bangladesh Surprise?," World Development, Elsevier, vol. 62(C), pages 138-154.
    6. Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "How Important are Capital and Total Factor Productivity for Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 23-49, January.
    7. M. Akanda, 2015. "Has Bangladesh really come ahead of the LDCs?," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 17(2), pages 223-240, October.
    8. Ahmad, Iftikhar, 1972. "Unemployment and underemployment in Pakistan," ISU General Staff Papers 197201010800006200, Iowa State University, Department of Economics.
    9. Linda Glawe & Helmut Wagner, 2016. "The Middle-Income Trap: Definitions, Theories and Countries Concerned—A Literature Survey," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(4), pages 507-538, December.
    10. W. W. Rostow, 1959. "The Stages Of Economic Growth," Economic History Review, Economic History Society, vol. 12(1), pages 1-16, August.
    11. Subir Bairagi & Muntaseer Kamal, 2019. "Is Bangladesh’s Economy Approaching the Lewis Turning Point?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 20(1), pages 19-45, March.
    12. Rajah Rasiah, 2015. "The industrial policy experience of the electronics industry in Malaysia," WIDER Working Paper Series wp-2015-123, World Institute for Development Economic Research (UNU-WIDER).
    13. B. Bhaskara Rao & Gazi Hassan, 2011. "Determinants of the long-run growth rate of Bangladesh," Applied Economics Letters, Taylor & Francis Journals, vol. 18(7), pages 655-658.
    14. Mujeri, M K, 2004. "Changes in Policy Framework and Total Factor Productivity Growth in Bangladesh," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 30(3-4), pages 1-30, Sept-Dec.
    15. Ruhul Amin Salim, 2003. "Economic Liberalization and Productivity Growth: Further Evidence From Bangladesh," Oxford Development Studies, Taylor & Francis Journals, vol. 31(1), pages 85-98.
    16. Editors The, 2008. "From the Editors," Basic Income Studies, De Gruyter, vol. 2(2), pages 1-3, January.
    17. Rajah Rasiah, 2015. "The industrial policy experience of the electronics industry in Malaysia," WIDER Working Paper Series 123, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rosalie L Tung & Günter K Stahl, 2018. "The tortuous evolution of the role of culture in IB research: What we know, what we don’t know, and where we are headed," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(9), pages 1167-1189, December.
    2. Benjamin Montmartin & Nadine Massard, 2015. "Is Financial Support For Private R&D Always Justified? A Discussion Based On The Literature On Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 479-505, July.
    3. Laurent, Catherine E. & Berriet-Solliec, Marielle & Kirsch, Marc & Labarthe, Pierre & Trouve, Aurelie, 2010. "Multifunctionality Of Agriculture, Public Policies And Scientific Evidences: Some Critical Issues Of Contemporary Controversies," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 4(1-2), pages 1-6.
    4. Murach, Michael & Wagner, Helmut & Kim, Jungsuk & Park, Donghyun, 2022. "Trajectories to high income: Comparing the growth dynamics in China, South Korea, and Japan with cointegrated VAR models," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 492-511.
    5. Rok Spruk & Mitja Kovac, 2018. "Inefficient Growth," Review of Economics and Institutions, Università di Perugia, vol. 9(2).
    6. Hsu, Dan K. & Burmeister-Lamp, Katrin & Simmons, Sharon A. & Foo, Maw-Der & Hong, Michelle C. & Pipes, Jesse D., 2019. "“I know I can, but I don't fit”: Perceived fit, self-efficacy, and entrepreneurial intention," Journal of Business Venturing, Elsevier, vol. 34(2), pages 311-326.
    7. Georges Daw, 2022. "Determinants of Wealth Disparities in the EU: A Multi-scale Development Accounting Investigation," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(2), pages 211-254, June.
    8. Lude, Maximilian & Prügl, Reinhard, 2021. "Experimental studies in family business research," Journal of Family Business Strategy, Elsevier, vol. 12(1).
    9. Batistič, Saša & Černe, Matej & Kaše, Robert & Zupic, Ivan, 2016. "The role of organizational context in fostering employee proactive behavior: The interplay between HR system configurations and relational climates," European Management Journal, Elsevier, vol. 34(5), pages 579-588.
    10. Dan K. Hsu & Johan Wiklund & Richard D. Cotton, 2017. "Success, Failure, and Entrepreneurial Reentry: An Experimental Assessment of the Veracity of Self–Efficacy and Prospect Theory," Entrepreneurship Theory and Practice, , vol. 41(1), pages 19-47, January.
    11. Krueger, Norris & Bogers, Marcel L.A.M. & Labaki, Rania & Basco, Rodrigo, 2021. "Advancing family business science through context theorizing: The case of the Arab world," Journal of Family Business Strategy, Elsevier, vol. 12(1).
    12. Duran, Hasan Engin, 2019. "Asymmetries in regional development: Does TFP or capital accumulation matter for spatial inequalities?," The Journal of Economic Asymmetries, Elsevier, vol. 20(C).
    13. Jana Schmutzler & Edward Lorenz, 2018. "Tolerance, agglomeration, and enterprise innovation performance: a multilevel analysis of Latin American regions," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(2), pages 243-268.
    14. Choi, James J. & Haisley, Emily & Kurkoski, Jennifer & Massey, Cade, 2017. "Small cues change savings choices," Journal of Economic Behavior & Organization, Elsevier, vol. 142(C), pages 378-395.
    15. Wanniarachchi, Sasindu Lakruwan, 2020. "The Nexus among External Debt and Economic Growth: Evidence from South Asia," OSF Preprints ghfdb, Center for Open Science.
    16. Catherine Welch & Eriikka Paavilainen-Mäntymäki & Rebecca Piekkari & Emmanuella Plakoyiannaki, 2022. "Reconciling theory and context: How the case study can set a new agenda for international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(1), pages 4-26, February.
    17. Sirola, Nina & Pitesa, Marko, 2018. "The macroeconomic environment and the psychology of work evaluation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 144(C), pages 11-24.
    18. Weber, Ellen & Büttgen, Marion & Bartsch, Silke, 2022. "How to take employees on the digital transformation journey: An experimental study on complementary leadership behaviors in managing organizational change," Journal of Business Research, Elsevier, vol. 143(C), pages 225-238.
    19. Sturt W Manning & Brita Lorentzen & Lynn Welton & Stephen Batiuk & Timothy P Harrison, 2020. "Beyond megadrought and collapse in the Northern Levant: The chronology of Tell Tayinat and two historical inflection episodes, around 4.2ka BP, and following 3.2ka BP," PLOS ONE, Public Library of Science, vol. 15(10), pages 1-38, October.
    20. Milazzo, M.F. & Spina, F. & Primerano, P. & Bart, J.C.J., 2013. "Soy biodiesel pathways: Global prospects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 579-624.

    More about this item

    Keywords

    Growth models; Rostow's stages; Development policy; Vision 2041 Bangladesh; South Korea; Malaysia;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2022-05-13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.