Bangladesh, Nov. 10 -- Inadequate spending on human capital, institutional inefficiency and poor performances in many areas of investment could hamper Bangladesh's long-term growth, economists warned on Saturday.
Hailing the country's steady macroeconomic progress in recent years, they said the economy needed much more to achieve the higher growth target before becoming an upper middle income nation.
On failure to address these challenges properly in the era of the fourth industrial revolution, the economy might fall into the lower middle-income country trap like many potential economies, they feared.
To avoid such an unpleasant economic trap, they suggested strategies giving utmost priority to human capital development, institutional ef...