Strategic Advantages
Advantages from a Strategic Perspective
From a strategic standpoint, Bangladesh offers quite many advantages.
- Geopolitical location, regional connectivity, and worldwide access
- Large youth segment, growing middle class and rapid urbanisation
- Strong local market and growth
- Proven export competitiveness
- Competitive incentives
- Increasing integration in the global trade
- Competitive energy cost
- Strong inflow of remittances/large diaspora
- SME loans
- Reforms and liberalisation
- Legal security for investment
Economic growth rates rose steadily, and for the four years before the current pandemic, Bangladesh's economy soared by 7 to 8 percent per year, according to the World Bank. That was faster than China's.
Views of International Community
Things have moved. Bangladesh now has an average growth rate of 8% – well above the Asian average, Asian Development Bank figures show.
Bangladesh has two out of five women of working age in the labor force, double India’s 21% participation rate.
Bangladesh economy sustains strong growth in FY19 led by rising exports and record remittances.
Bangladesh is becoming South Asia’s economic bull case — country’s exports have boomed over the past decade.
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