Discover why economists are advocating for Bangladesh to break free from its low-wage economic cycle and transition towards high-technology-based industries for sustainable growth.
Economists note Bangladesh's reliance on low-wage labor despite visible development, emphasizing the need for structural reform.
Proposals advocate shifting from labor-intensive sectors to high-technology-based production for sustainable development.
Concerns raised over dysfunctional institutions, particularly in fiscal management, hindering economic progress and sustainability.
Calls for investing in quality education to cultivate skilled human capital and combat corruption for long-term economic growth.
Warnings issued about institutional weaknesses and the urgency to transition to high-tech industries to avoid economic stagnation and debt traps.