Which of the following factors has helped improve Bangladesh economy recent years
1. Strong performance in the ready-made garments industry – Bangladesh is the second-largest exporter of ready-made garments in the world, with the industry accounting for a significant portion of the country's exports and GDP. This industry has continued to grow, thanks to its competitive labor costs and preferential market access for Bangladeshi products in key markets.
2. Increase in foreign direct investment – Bangladesh has seen a rise in foreign direct investment, particularly in sectors such as infrastructure, energy, and manufacturing. This has helped create jobs, boost economic growth, and improve the country's productivity and competitiveness.
3. Economic and structural reforms – The Bangladeshi government has implemented various economic and structural reforms to improve the business environment, attract investment, and promote growth. These reforms have included measures to reduce red tape, streamline regulations, and enhance the ease of doing business in the country.
4. Remittance inflows – Bangladesh receives significant remittance inflows from overseas workers, particularly in the Middle East and Southeast Asia. These remittances have helped support household consumption, alleviate poverty, and stabilize the country's external balance.
5. Infrastructure development – Bangladesh has made significant investments in infrastructure development, including roads, ports, and power plants. These investments have helped improve connectivity, reduce transportation costs, and boost productivity across various sectors of the economy.
Overall, a combination of factors such as strong export performance, increased foreign investment, economic reforms, remittance inflows, and infrastructure development has helped improve Bangladesh's economy in recent years.