What were the principal reasons for the economic stagnation of Bangladesh after its war for

independence?

Lack of other natural resources, coupled with poor infrastructure, political instability, and high

levels of corruption held the country back.

Bangladesh is also prone to natural disasters with most of the country being less than 12 meters

above sea level.

They are vulnerable to tropical cyclones, floods, and tidal bores.

Explain how the liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of

economic progress.

Their first attempt involved adopting socialist policies, nationalizing many companies, subsidizing

the costs of agricultural production, and basic food products

o

First attempt changes failed to reach any gains

Their second attempt involved making currency convertible, reducing import duties to much

lower levels, removing most of controls on movement of foreign private capital

o