South Asia at work Quick Check

Question

Which of the following factors has helped improve Bangladesh’s economy in recent years?
New tariffs
Microlending
Shifting to a command economy
Increasing focus on agriculture

Answer 1

The factor that has helped improve Bangladesh’s economy in recent years is microlending. Microlending has provided small loans to entrepreneurs and small businesses, helping to stimulate economic growth and reduce poverty. Other potential factors, like an increasing focus on agriculture, have also contributed, but microlending is particularly notable for its impact on the economy.