Bangladesh's Journey to Economic Development

Bangladesh is one of the promising economies of the world. Its potentials is recognized as one of the N11 (Next Eleven) countries identified by Goldman Sachs investment bank and economist Jim O'Neill. Bangladesh's economy has inbuilt resilience to grow even during the Global Financial Crisis in 2009-09 with remarkable numbers of political unrest in home and abroad. It is growing with on an average 5.5 to 6.5 % GDP growth during last one decade. It has 160 million people's internal market with steadily increasing purchasing power. Foreign currency reserve meet record figure due to its continuous flow of export earnings and inflow of remittance. The economy is transferring itself from traditional agricultural economy into industrial economy. It achieved the millennium development goals successfully even before the deadline. Bangladesh is located in a strategic location of South Asia to link up SAARC countries with the ASEAN states. It has two Sea ports with a Deep Sea port to be developed soon. Anyone can reach to the door step of half of the world's population from Bangladesh by road within 24 hours. It's neighbors India and China is developing themselves as Economic Superpower.