This book focuses on socio-economic developments of Bangladesh by challenging the dominant international narrative of the case being termed a "development surprise", "development paradox" or "development conundrum." In doing so, the book examines the political economic dynamics of the country and offers valuable insights into the current state of the Bangladeshi economy in light of stability, transformability and sustainability. Pointing to the 'high' rate of growth in gross domestic product (GDP) in Bangladesh, there is wide belief that economic growth can be obtained even without functioning institutions, and is more important than an inclusive political system. Advocates go on to argue that authoritarianism may be condoned as long as a steady course of development is perused. However, the inadequacy of comparative analysis on the state of the economy of Bangladesh vis-à-vis other relevant economies makes such claims myopic and parochial. This book thus investigates the numbers and narratives to ascertain the validity of such assertions and lamentations by looking at the necessary and sufficient conditions of development. The necessary conditions imply an incisive inquiry into the factors of economic growth: land, labour, capital and technology. As such, the book explores development by drawing variables of politics and economics to find out a causal relationship to themes such as growth, agriculture, manufacturing industry, financial sector, health, education, poverty and inequality. Rashed Al Mahmud Titumir has worked in diverse constituencies, namely, academia, governments, think-tanks, international organisations and media. He has led numerous projects for diverse organisations including governments, development partners and international organisations at home, and abroad.

This book focuses on socio-economic developments of Bangladesh by challenging the dominant international narrative of the case being termed as “development surprise”, “development paradox” or “development conundrum,” given the absence of good governance. In doing so, the book examines the political economic dynamics and offers valuable insights into the current state of the Bangladeshi economy in light of stability, transformability and sustainability. Pointing to the ‘high’ rate of growth in gross domestic product (GDP) in Bangladesh, there is wide belief that economic growth can be obtained even without functioning institutions, and is more important than an inclusive political system. Advocates go on to argue that authoritarianism may be condoned as long as a steady course of development is perused. However, the inadequacy of comparative analysis in to the state of the economy of Bangladesh vis-à-vis other relevant economies makes such claims myopic and parochial. This book thus investigates the numbers and narratives to ascertain the validity of such assertions and lamentations by looking at the necessary and sufficient conditions of development. The necessary conditions imply an incisive inquiry into the factors of economic growth— land, labour, capital and technology while sufficient conditions warrant a penetrating incisive inquiry into the factors of economic growth— land, labour, capital and technology. As such, the book explores development by drawing variables of politics and economics to find out a causal relationship, and interjects these variables have on themes such as growth, agriculture, manufacturing industry, financial sector, health, education, poverty and inequality.

This book demonstrates how the capability approach to human development can contribute to the realisation of the 2015 United Nations Sustainable Development Goals (SDGs). The capability approach dictates that success should not be measured by economic indicators but by people leading meaningful, free, fulfilled, happy, or satisfied lives. Drawing from a range of disciplinary perspectives, this book argues that it is vital that the focus for the SDGs should shift to benefiting the most vulnerable. Case studies from across Asia, Africa, Latin America (Global South), and the United States, the United Kingdom, and Australia (Global North) consider how the capability approach can contribute as a practical framework to achieving the SDGs’ ambitions for social, economic, political, and legal progress. Drawing on insights from a range of disciplines, this book will be of interest to researchers and practitioners from the fields of law, politics, international relations, criminology, international development, sociology, public policy, area studies, and others.

This book, the first historical sociology of its kind concerning Bangladesh, examines the country's what-went-wrong-syndrome during the first fifty years of its existence, 1971-2021. The work is an exception to the traditional studies on modern and contemporary Bangladesh. The study is also a post-history of united Pakistan. Busting several myths, it sheds light on many known and unknown facts about the history, politics, society, and culture of the country. Besides being a twice-born country – liberated twice, from the British in 1947 and from West Pakistanis in 1971 – it is also an artificial entity suffering from acute crises of culture, development, governance, and identity. Hashmi attributes the culture and identity crises to the demographic byproducts of bad governance. In addition to being overpopulated, Bangladesh is also resource-poor and has one of the most unskilled populations, largely lumpen elements and peasants. According to Marx, these people represent “the unchanging remnants of the past”. The second round of independence empowered these lumpen classes, who suffer from an identity crisis and never learn the art of governance. The proliferation of pseudo-history about liberation has further divided the polity between the two warring tribes who only glorify their respective idols, Mujib and Zia. Pre-political and pre-capitalist peasants’ / lumpen elements’ lack of mutual trust and respect have further plagued Bangladesh, turning it into one of the least governable, corrupt, and inefficient countries. It is essential to replace the pre-capitalist order of the country run by multiple lumpen classes with capitalist and inclusive institutions.

This volume contributes to understanding Bangladesh's growth story, as it celebrates 50 years of independence. The fastest growing South Asian state is being recognised as an important partner and model case study with increasing global relevance by world powers. Sreeradha Datta reviews many of its critical bilateral relationships, as well as its expanding influence in the region and world beyond, enabling an understanding of how Bangladesh's growth trajectory complements and informs its foreign policy aims. The volume has a mixture of thematic and bilateral chapters, and includes the active Bangladeshi diaspora population and its influence on the country's unfolding narrative. Datta features the viewpoints of key Bangladeshi policy makers; expert takes on how the world is engaging with Bangladesh; and covers the growing salience of Bangladesh's foreign policy, reflecting its new acquired economic status.

The book addresses the gaps in the body of knowledge from two grounds. Firstly, it adds value through explaining the dynamics of natural resource governance by focusing on the particular arenas of biodiversity resources, water resources and climate change in developing country context. Secondly, it critically scrutinizes the market-centric perspectives on one hand and combines political economy questions that are generally overlooked in discussions of current resource governance framework, on the other. It develops a new framework to examine the reasons behind the degradations of natural resources to offer sustainable solutions to the problems. It shows that the natural resources have been exploited beyond sustainable limits due to the structural rigidities, embedded in, and reproduced by, fragile institutions and unequal power-sharing arrangements under the market-centric economic system. The book formulates a new understanding of sustainability in case of usage and management of natural resources by incorporating the idea of human sociality. It highlights the importance of the well-being of nature, and human beings must go side by side; one without the other is not a sustainable option. The book contains key learnings for scholars and researchers working in the field of development studies who wish to gain a deeper understanding on the sustainable natural resource governance specifically in the contexts of developing countries. For policymakers and policy advocates, the book serves as the groundwork on policies regarding biodiversity resources, water resources, and climate change, specific to the context of developing countries, providing more relevant contents in terms of laying out justification for policy objectives.

This book explores the levels of cooperation and the phenomenon of convergence among BRICS nations. It provides an in-depth look into the financial and banking systems among these rapidly developing economies and the steps they have taken to foster development and counter inequalities. Of the many factors in determining the income and wealth of a country as well as a group of countries, commercial bank credit, a well-known financial indicator, has been an important one. This book analyses the governance and structure of the New Development Bank and its effects on group members for peer growth and to defend against any external economic and political shocks. It looks at how much of an influence the commercial bank credit, or simply the credit, has upon the income levels of the BRICS member countries, how equitable they are, whether they are converging in credits and incomes, and other such issues. It also focuses on India’s credit aspects of inclusiveness and convergence. With a strong empirical model estimation, this book will be of interest to students and researchers of economics, finance, management, political studies, international relations, and international trade.