Paper short abstract:

This paper shows how elite political settlements over time have influenced economic growth in Bangladesh.

Paper long abstract:

This paper shows how elite political settlements over time have influenced economic growth in Bangladesh. More concretely, the paper focuses on the analysis of economic, institutional and political economy conditions behind structural break in economic growth, phases of growth acceleration and transitions in growth regimes in Bangladesh. These involves analysis of the pattern of structural change in the economy, mapping of the rent generation and rent allocations process in different sectors, discussions of the institutional space, i.e., delineation of the nature of formal and informal institutions that tend to affect the firm's behavior and analysis of the deals environment of the business. The paper also explore the incentives and ideology/vision of the political, state and economic elites, the nature of state-business relations and the influence of de facto growth coalitions to explain the dynamics of current trends and future prospects of growth in Bangladesh.