This chapter is concerned with aspects of the political economy of structural change in Bangladesh and its altered role in the world economy in terms of the international division of labour. It sketches out the trends in economic growth and i nter-sectoral relations in Bangladesh during the post-Cold War decades and assesses the relative significance of their determinants. Specifically, it distinguishes analytically between the policies of liberalization and the much wider processes of globalization, stressing that these cannot be uncritically equated. On this basis, the roles and contributions of globalization and liberalization to economic growth and patterns of unequal distribution are assessed and related to structural factors and constraints at home and abroad. The analysis takes account of shifts in the extent of external dependence of Bangladesh and the nature of linkages integrating it with the global economic and political order. In this context, the roles of state policies in shaping the economy of Bangladesh are critically reviewed in relation to the impacts of globalization and liberalization. The economic transformation of Bangladesh is also compared with those of the East Asian tiger economies, leading to an assessment of whether its performance accords with the proactive economic management characteristic of the developmental state.
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- Impacts of Globalization and Liberalization on the Political Economy of Structural Transformation in Bangladesh
- Palgrave Macmillan UK