Economic Transformation in Bangladesh and its Implications for the Country’s Future
“Today, I should not speak in celebration—as behind this glow of so-called 7% growth, this mirage, we were never told about the great betrayal of the oligarchy.”
Dr. Rashed Al Mahmud Titumir, Professor, Department of Development Studies, University of Dhaka
At the inaugural Empowering Bangladesh Conference, Dr. Rashed Al Mahmud Titumir, Professor of Economics at the University of Dhaka, delivered a powerful critique of the country’s current economic trajectory. His address, titled “Economic Transformation in Bangladesh and Its Implications for the Country’s Future,” confronted dominant narratives of high growth with a sobering analysis of rising inequality, oligarchic consolidation, and macroeconomic fragility.
Dr. Titumir argued that beneath the surface of celebratory statistics lies a deeper crisis—one that requires urgent rethinking of Bangladesh’s development model. He called for a new framework centered on democratic economic governance, equitable fiscal policies, and industrial reform to secure inclusive and sustainable progress.
