Dhaka, Nov. 2 -- If the lessons of Covid-19 call for a new global order through changes in the functioning of the existing international institutions, the social and economic impact of the pandemic makes a revision of the strategy for development imperative for countries like Bangladesh. The dominant strategy underlying development policies in most developing countries has been one of growth and equity. It is based on the trickle-down theory that assumes growth to benefit all, including the poor, sooner or later. The experiences of most developing countries with the strategy have shown that growth does not percolate down automatically to the lower income group and the poor and when it does, it is inadequate because of differences in skill...