Structural Maladjustment-Bangladesh s Experience with Market Reforms

Structural Maladjustment Bangladesh's Experience with Market Reforms Rehman Sobhan Bangladesh's reform programme remains in deep crisis because it has, over a decade, failed to accelerate growth, diversify the economy, stimulate investment and domestic savings and create the basis for a sustained growth process which can lead to greater self-reliance and substantial reductions in mass poverty. It may be convenient for the IMF and the World Bank to blame successive governments in Dhaka for their failure to implement reforms and for current Bangladeshi regimes to attribute the poor results to the malfeasance of their predecessors. But a decade of economic stagnation needs more substantive and less self-serving diagnosis if Bangladesh is to join the ranks of a resurgent South Asian region, let atone its more dynamic neighbours to the east.