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The economic and social development that Bangladesh has achieved in the last two decades has made Bangladesh a ‘Development Paradox". This book tries to explain this paradox through political economy lens. The book explains the linkages between the state, changing society and emerging private sector and examines whether the social transformation taking place in Bangladesh has the potential to live up to the expectations of a middle-income country.

The first part of the book unravels the myriad relations between the state, society, and market to project the aspirations of a newly...