Bangladesh v India in the development race

There is an old theory that as an organism develops, it progresses through the same evolutionary stages travelled by its ancestors. Traditionally, economic development has worked in a similar way.

When a country first shifts from agrarian poverty to industrialisation, it tends to start out in light manufacturing, especially textiles. Later it masters more complex manufactured products, and finally it progresses to inventing its own cutting-edge technology.

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A version of this article appeared in the print edition of The Straits Times on February 26, 2019, with the headline 'Bangladesh v India in the development race'. Print Edition | Subscribe