Liberalism in Bangladesh

Economic liberalism

Early Bangladeshi leadership was dominated by the left-wing, who opposed the development of a capitalist system and promoted a strict protectionism, state intervention and economic regulation under a planned economy and limited market activities, which was characterized as "neither capitalist nor socialist" in nature. But economy remained stagnated, with a deadly famine hitting in 1974. In late 1970s and 1980s, various reforms, predominantly under the presidencies of reformists Ziaur Rahman and Hussain Muhammad Ershad were taken to boost economic growth and foreign investments, including the decentralization of state enterprises and trade liberalization. Contemporary Bangladesh is a liberal market economy and 33rd largest economy in the world.