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Showing posts with the label Bangladesh Economic Progress & Decline

Bangladesh Economic Progress & Decline

Bangladesh has made significant progress in its economy over the past few decades. In the 1980s, the country was one of the poorest in the world, with high levels of poverty, low levels of education, and limited access to basic services such as healthcare and clean water. However, since then, Bangladesh has made remarkable strides in improving its economy, reducing poverty, and increasing access to basic services. One of the main drivers of Bangladesh's economic progress has been its textile industry. The country is now the second-largest exporter of garments in the world, after China. The industry has created millions of jobs and generated billions of dollars in export earnings for the country. Bangladesh has also made significant progress in reducing poverty. In 1991, the poverty rate in the country was around 50%. By 2016, it had fallen to around 24%. This reduction in poverty has been driven by a combination of factors, including economic growth, increased access to