Economic structure of thailand and bangladesh

Economic Structure of Bangladesh and Thailand For roughly people, development is a cognisance of progressive change. For others, it is chequern as arrest processes of change in recitation and today. For most, development is viewed as a deliberate effort at promoting progress. Thailand and Bangladesh are examples of countries that see development as a way of promoting progress and as a tool for achieving loving, economical, and governmental growth. Thailand, located in southeastern Asia is one of the fastest ontogenesis economies in todays world whereas Bangladesh, located in Southern Asia, has been struggling for historic period to conduct development that aims to plentiful the social, economical, and political well be of the nation. The real question do to be addressed. Why has Thailands economy grown at a faster mistreat than Bangladesh? This paper gives answers to this question by analyzing the main economic sectors; uncouth and manufacturing of Bangladesh which account for 21 and 16 percent of its GDP respectively. It examines how the uncouth and manufacturing approaches limits Bangladesh economic growth and it focuses on Thailands shift from an farming(prenominal) economy to a passing industrialized economy whereby juicy levels of growth are exulting place.

The 1987 World Development pass over classified Bangladesh as a country with a strongly inward orientation and as having followed import substitution policies between 1963 to 1985(Chowdhury Khan, 2007, p.31). In 1985 it had an external unglamorous debt, which amounted to 37% of its GDP. For over 22 years, Bangladesh was stabilized and had to undergo geomorphological adjustments. Some of the conditionalities, also cognise as the Washington Consensus stimulate on Bangladesh were: Cutting social expenditure Devaluation of currencies Trade liberalization Removing price controls and put forward subsidies By the end of the 1980s, the government, having negotiated with outside(a) financial institutions such as the IMF and the...If you want to get a full essay, order it on our website: Ordercustompaper.com

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