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A great read into the macro-financial policy needed for Bangladesh to attain the kind of economic growth that will allow it to graduate from it's least developed country status, especially with regards to the garment sector and remittances. For a more micro perspective on the country's second liberation, consider reading my work: https://thedevelopingeconomist.substack.com/p/bangladeshs-development-success-story

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Greetings, Prof. I appreciate your perspectives on Bangladesh's economic stability. Regarding Bangladesh's political stability, I have a query. Economists advocate for progress through an inclusive political and economic system. Because of the political upheaval in Bangladesh, I'm concerned that the country's economy might not flourish if a new government embraced an exclusive political system while having some influence over an inclusive economic system. The book "Why Nations Fail" shares this viewpoint. The book's writers studied China's inclusive economic system and exclusive political system, concluding that China's exclusive political system would prevent it from experiencing long-term economic prosperity. But since China has a strong economy, what would happen to Bangladesh if it became an Islamic state with a closed political system? Would Bangladesh still be able to grow economically (with an inclusive economic system) under an exclusive political system?

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If India can borrow from foreigners in local currency, it is because of the size of the Indian economy and the vast potential market that the foreigners would like access to. To advise Bangladesh to do the same is not practical.

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