Bangladesh 2021 and Bay of Bengal Industrial Growth Belt (BIG-B)

12 Pages Posted: 5 Jul 2015

Date Written: January 31, 2015


Bangladesh has experienced an accelerating economic growth in recent times and is poised to become a middle-income country by 2021. An increasing volume of apparel exports and a surging flow of inward remittances are the main drivers of growth. A transition to a middle-income country would however require a framework of South Asian economic regionalism. The paper argues that Bay of Bengal Industrial Growth Belt (BIG-B) is likely an initiative to this end. It will help Bangladesh evolve as a “node & hub” in the latest phase of globalization in which the gravity of the world economy is moving away from the Asia-Pacific region to the Indo-Pacific region.

Keywords: Bangladesh, economic growth, regional integration, South Asia.

JEL Classification: E01, E21, E61, F15

Suggested Citation

Rahman, Mizanur, Bangladesh 2021 and Bay of Bengal Industrial Growth Belt (BIG-B) (January 31, 2015). Available at SSRN: or

Mizanur Rahman (Contact Author)

University of Dhaka ( email )

Department of Accounting & Information Systems
University of Dhaka
Dhaka, 1000
+88 01817684202 (Phone)
+88 2 8615583 (Fax)


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