Prosperity, economic and technological development of any nation depends on a wide range of factors, such as natural, human and social resources. Some countries prosper due to the existence of valuable or unique natural resources. Michael Porter in his book The Competitive Advantage of Nations argues that some industries become competitive specifically due to their locations. Acemoglu and Robinson in their book Why Nations Fail argues that existence of inclusive economic institutions and inclusive government plays a crucial role in prosperity and economic development of the country. To identify and analyze factors influencing economic development, Bangladesh was selected. The paper analyzes the country in four major aspects – government, people, government and economy, as well as analyzes their merits and traps.
Bangladesh is a country located in the Southern Asia, bordered by India and Myanma and separated from Nepal and Bhutan by the small territory, known as Siliguri Corridor. The country is located inside India. Thus, the border with India is 4,142 km long. Bangladesh territory is 148,460 sq km. Most of the national territory (approximately 90%) is land. By occupied area, Bangladesh is ranked 95th in the world.
Dhaka is the capital of Bangladesh, as well as it is the largest urban and metropolitan area in Bangladesh. Dhaka is located in the central part of the Bengal delta and it is the most densely populated city in the country. The population is constantly increasing in Dhaka. The capital is also a financial center of the country. The capital is the fast-developing city with the largest concentration of international companies among South Asian countries. Many headquarters of Bangladesh companies are also located in Dhaka. Other large cities are Chittagong, Khulna, Narayanganj, Sylhet, Rajshahi, etc.
Bangladesh territory is divided into two main regions: deltaic plains and a small hilly region in the South known as the Chittagong Hills. Most of the territory is deltaic plain, as many large rivers flow through the country. The hills in the South are usually no wider than 36 meters, with altitudes from 600 to 900 meters. Approximately 80% of the land is fertile alluvial lowland, known as the Bangladesh Plain. The country has highly fertile soil and vast majority of land is arable. However, the deltaic plain is vulnerable to flood.
BODIES OF WATER
Country coastline lies at the top of the Bay of Bengal, which is the part of Indian Ocean. The Bay of Bengal is the largest bay in the world with the length and width being 2,090 and 1,610 kilometers respectively. As the country borders with Indian Ocean, it is highly vulnerable to the cyclones and tidal bores.Bangladesh territory is riverine. The largest river in the country is the Brahmaputra River, known as Jamuna in Bangladesh. The river starts in the Himalaya Mountains and flows through China, India, and Bangladesh. Other largest rivers are the Ganges River, also known the Padma River, the Surma and the Kusiyara. Three rivers meet together at the territory of Bangladesh and form the Kalni River and then the …