| ID | 166687 |
| Title Proper | Growth, governance and corruption in Bangladesh |
| Other Title Information | a re-assessment |
| Language | ENG |
| Author | Asadullah, M Niaz ; Chakravorty, N N Tarun |
| Summary / Abstract (Note) | This paper revisits Bangladesh’s ‘double paradox’ – sustained macroeconomic growth despite the poor state of governance and a high level of corruption – by critically reviewing trends in governance and corruption indicators during 1990–2017 vis-à-vis other South Asian countries. In addition, we draw upon data from a purposefully designed survey of manufacturing firms to assess the state of economic governance in the export-oriented ready-made garments (RMG) sector, the country’s main source of foreign exchange and driver of economic growth. Consistent with the country’s poor ranking in a host of indicators of investment climate and corruption perception, in-depth interviews of RMG factory owners confirm the high cost of doing business in various forms. We also find no evidence of growth-mediated improvements in indicators of governance. On the contrary, our review of print media reports suggests a growing governance deficit in the country’s financial sector. We conclude by discussing the implications of our findings for the country’s future growth as well as performance of the RMG sector. |
| `In' analytical Note | Third World Quarterly Vol. 40, No.5; 2019: p.947-965 |
| Journal Source | Third World Quarterly Vol: 40 No 5 |
| Key Words | Economic Growth ; Governance ; Industrial Development ; Corruption ; Bribe |