An alternative strategy for industrial development in Bangladesh

Industrialisation is an important component of development efforts. Because it enriches national wealth and income through exploitation of natural resources and utilization of the factors of production. Industrialisation, however, has to be conceived of within the framework of the development approach - the goal to be achieved. It varies from country to country and depends on objective conditions - the state of the economy, the factor endowments and above all on the appropriate policy framework. This study is intended to formulate an alternative strategy for development of industries in Bangladesh in the context of her development objectives. Bangladesh is a poor agricultural country having no significant resources other that its vast unemployed and underemployed manpower. Given the poverty dimension of the country, the development goal is to attain a level by which the basic needs of the people can be met. Industrial development can play a vital role in this regard. It can help reduce poverty by creation of off-farm employment opportunities and supply basic necessities of life through processing of primary products into value added consumer goods.