Bangladesh: The next Asian Tiger?

Bangladesh has been one of the region’s top performing economies in recent years, but it is still someway short of meeting the government’s 8% growth target. If Bangladesh is to replicate the success of other fast-growing Asian countries of the past fifty years, it is essential that it starts to diversify out of the garment trade into other higher value-added export sectors. Bangladesh’s economy has been growing by an annual average of just above 6% over the past five years, well above the rates seen in most of the rest of Asia, and an improvement on previous decades.