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However, the findings raised questions among economists, who were puzzled by the growth at a time when the economy had been facing a slowdown due to high inflation, a downtrend in export growth, and falling imports.
Of the over 7 crore people employed in Bangladesh, 85 percent (nearly 6 crore) are vulnerable as they work in the informal sector, which lacks basic social and legal protection, and employment benefits.
Of the over 7 crore people employed in Bangladesh, 85 percent (nearly 6 crore) are vulnerable as they work in the informal sector, which lacks basic social and legal protection, and employment benefits.
The story of Bangladesh’s rise comes in numerous versions with a common denominator. The initial conditions were abysmal: post-independence disorder, natural calamities, famine, and widely shared pessimism nationally and internationally. The lay of the land looks remarkably different 50 years down the road.
Bangladesh remains stuck in low-wage economic trap despite visible economic development, which has been largely contributed by labourers, including farmers, RMG workers, and...