Conclusions: Institutions, Political Settlement and Economic Outcome

Rashed Al Mahmud Titumir ()
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Rashed Al Mahmud Titumir: University of Dhaka

Chapter Chapter 8 in Numbers and Narratives in Bangladesh's Economic Development, 2021, pp 227-239 from Springer

Abstract: Abstract Final section attempts to establish a causal relationship amongst economic outcomes, institutions and political settlement. It evinces that the distribution of power and associated nature of political settlement, rooted in formal and informal institutions acts as the sufficient conditions for a stable, transformed and sustained economic outcome. This book, therefore, suggests that an accountable system of governance can advance the aspiration of people, ascribed through three core principles of the war of independence of Bangladesh—equality, human dignity and social justice. All of these lead to the idea of establishing a new public order between the citizens and the state through a new social contract. It further reasons that Bangladesh’s hope sits on pluralism and an inclusive political system can infuse actualization of her unlimited potentials.

Keywords: Political settlement; Institution; Power; K-shaped recovery (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-0658-8_8

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DOI: 10.1007/978-981-16-0658-8_8

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