In the quarter century since its emergence from military rule and integration into the global economy, Bangladesh's economy has achieved high growth, reduced aid dependence and made remarkable improvement in social indicators while at the same time it continues to suffer from increasing inequality. This book analyses these successes and failures.

Part I: INTRODUCTION 1. The Context2. Successes and Failures3. An OutlinePART II: GROWTH AND STRUCTURAL CHANGE: AN OVERVIEW4. Growth and Structure of Output5. Demographic Transition6. Change in the Structure of EmploymentPART III: MACROECONOMIC ACCOUNTS: THE STRUCTURE OF DEMAND7. Issues and Puzzles8. Rising Rates of Saving and Investment9. The External Balance10. Foreign Capital Inflow11. Capital Outflow12. Selected Macroeconomic Issues Concerning Prices, Budget, Money and BankingPART IV: THE EMERGING PATTERN OF STRUCTURAL CHANGE13. Historical Experience14. Structural Change of the Bangladesh Economy in the Historical Context15. Desirable Directions of the Emerging Pattern of ChangePART V: AGRICULTURE: PAST SUCCESS AND FUTURE PROSPECTS16. Declining Importance of Agriculture17. Production Performance18. Factors behind the Growth of Agriculture19. Institutional Reform20. Future DirectionsPART VI: STRUCTURE, GROWTH AND DIRECTION OF MANUFACTURING INDUSTRIES21. The Size and Structure of Manufacturing Industries22. Changing Structure of Manufacturing23. Labor Productivity, Factor Intensity and Profitability24. Gender Distribution of Employment25. Labor Productivity, Factor Intensity and Profitability by Size and Ownership26. Cottage Industries27. Incentives and ObstaclesPART VII: TRADE AND GLOBAL LINKS28. Trade Regime and Development29. An Evaluation of the Reformed Trade Regime30. Export-Led Development?31. Merchandize Imports32. Remittances33. Global Links: Foreign Direct Investment, Foreign Debt and Exchange RatePART VIII: INFRASTRUCTURE AND ENVIRONMENT34. Introduction35. Transport36. Energy37. Skill Development38. EnvironmentPART IX: INCOME DISTRIBUTION, POVERTY AND LIVING STANDARD39. Introduction40. Measuring Income41. Measuring Inequality and Its Sources42. Poverty Reduction43. Indicators of Living Standard44. Main FindingsPART X: CONCLUSION: CREDITS, CONSTRAINTS AND PROSPECTS45. Factors behind the Achievements46. Failures, Reasons Thereof and Challenges47. Governance48. The Future49. Annex to Chapters Two and Three: Bangladesh National Accounts50. Annex to Chapter Nine51. An Assessment of the Survey Data52. Some Additional Data on Inequality and Poverty EstimatesList of Works CitedIndex