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Exploring Bangladesh's potential for economic growth, its labor-intensive market for T-shirt production, and the challenges hindering its development. Can Bangladesh transition to become the next China by diversifying its economy and attracting foreign investment?
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Quick takeaways
- Bangladesh's potential growth is hindered by slow development beyond labor-intensive markets.
- Transition to a capital-intensive economy requires upskilling labor force and diversifying exports.
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Factors for Bangladesh's Economic Potential
Bangladesh possesses many advantages that could have propelled it into an economic powerhouse, including global trade routes, a low debt to GDP ratio, access to oil, and a dense population. Despite adopting the Westminster legal system favored by international investors, Bangladesh remains on the UN's least developed country list, highlighting missed opportunities for economic success.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode