Since the group of least developed countries was identified in 1971, only five countries have graduated from the group, all of which are characterised by small size or population. The projections are that the next decade will see a rapid increase in the pace of graduation, with Bangladesh in particular poised to be one of the largest countries, in terms of its economy and population, yet to leave the group. While previously many least developed countries viewed the prospect of graduation with some apprehension, fearing significant erosion of international support, increasingly, the move is being seen as a more positive landmark. This book aims to articulate appropriate strategies and initiatives to help Bangladesh to maintain its developmental momentum and to prepare for a sustainable graduation in 2024. In doing so, the book explores themes such as key analytical issues of the LDC graduation paradigm; smooth transition and structural transformation; and, post-graduation challenges and opportunities. Further, against the backdrop of the Gross National Income per capita, Human Assets Index and Economic Vulnerability Index goals required for graduation, the sustainable development goals set by the 2030 agenda will also be in the process of implementation. Whilst some feel that the two agendas might be in conflict, the book teases out some of the important synergies which can be drawn when LDCs are undertaking the journey of graduation in the era of the SDGs. The book also takes into cognisance the uncertain external environment and the emerging global scenario within which Bangladesh's graduation is to take place. Conceptual discourse around LDC graduation and the particular narrative around Bangladesh's journey towards LDC graduation will be of interest not only to scholars of Bangladesh, but also to researchers and policy makers with an interest in LDC graduation for other countries facing similar challenges.
Table of contents:
List of Figures List of Tables List of Annexes List of Contributors Foreword by Rehman Sobhan Preface Acknowledgements Abbreviations Chapter 1: Bangladesh moving out of the LDC group: Looking through the issues Debapriya Bhattacharya and Sarah Sabin Khan Chapter 2: The LDC paradigm, graduation and Bangladesh: Concepts, comparison and policy Debapriya Bhattacharya and Sarah Sabin Khan Chapter 3: Structural transformation of Bangladesh economy: Role of smooth transition after graduation Khondaker Golam Moazzem and Akashlina Arno Chapter 4: Pathways to Bangladesh's sustainable LDC graduation: Prospects, challenges and strategies Mustafizur Rahman and Estiaque Bari Chapter 5: Bangladesh's pursuit of the 2030 agenda: Will it facilitate smooth transition after LDC graduation? Fahmida Khatun, Shahida Pervin and Md. Masudur Rahman Chapter 6: Pursuing a graduation strategy within the global and regional environment: What are the pitfalls for Bangladesh? Towfiqul Islam Khan and Muntaseer Kamal
Debapriya Bhattacharya is a Distinguished Fellow at the Centre for Policy Dialogue (CPD), Dhaka, Bangladesh. He is a former Bangladesh Ambassador to WTO and UN Offices in Geneva and Vienna, Coordinator of LDC Group in the UN system and Special Advisor on LDCs to Secretary General, UNCTAD. He also chairs LDC IV Monitor - an international partnership providing independent assessment of the delivery of the Istanbul Programme of Action (IPoA) for the LDCs.