Priority Areas for Bangladesh's Further Development: Inequality, Employment, and Poverty

Abstract

This paper summarizes Bangladesh’s developmental progress since gaining its independence in 1971. During the last five years, the country experienced close to an annual 6 percent growth rate in real GDP, continuing its path of growth despite the recent world financial and economic crisis. Bangladesh has also made serious progress with achieving the Millennium Development Goals (MDGs). Following a review of Bangladesh’s recent progress, the paper then focuses on three priority areas (inequality, employment, and poverty), where the government needs to focus on in order to make further progress in Bangladesh’s development.

Keywords: Development, Inequality, Employment, Poverty, Bangladesh

JEL Classification: O12, O15, I30