An Analysis of the Comparative Economic Development:
Pakistan and Bangladesh
One of the goals of a developing country is economic
development. This can be defined as activities that expand capacities
to realize the potential of individuals, firms or communities who
contribute to the advancement of society (Malizia, Feser, Renski, &
Drucker, 2020). Without this, the economic growth of a nation is
limited. Higher quality of living is the ultimate result of economic
development, however this can only be realized through the effective
utilization and allocation of a nation’s resources. Good governance and
leadership plays a significant role in attaining this.
Ever since Bangladesh declared its independence from Pakistan,
comparison among the two country’s economic development levels
could not be avoided and had always been discussed through the
years. There has been a huge economic progress in Bangladesh since
its independence, none can dare to call it a “bottomless basket”
anymore (Mohajan, 2013; Helal & Hossain, 2013). Pakistan’s failure to
provide a fair allocation of revenues and services and resolve other
issues for one of the largest ethnic groups in Bangladesh led to the
division of the two countries. Bangladesh owns moderate amount of
natural resources mainly natural gas, sea fish, coal and is also known
