which of the following factors has helped Bangladesh's economy in recent years

new tariffs
microlending
shifting to a command economy
increasing focus on agriculture

1 answer

Among the factors listed, microlending has significantly helped Bangladesh's economy in recent years. The country is well-known for its robust microfinance sector, which has provided small loans to individuals, particularly women, to start businesses and improve their livelihoods. This has contributed to poverty reduction and economic development.

The other factors mentioned do not align as closely with the recent economic successes seen in Bangladesh:

  • New tariffs can often have negative impacts on trade and economic growth.
  • Shifting to a command economy contrasts with the trends in Bangladesh, which has been more market-oriented in recent years.
  • While there has been some focus on agriculture, the most notable advancements in the economy have come from the ready-made garment industry and services, rather than a sole focus on agriculture.

Therefore, microlending stands out as the most significant factor contributing to Bangladesh's economic growth in recent years.