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Cambodia, Thailand, Laos, Vietnam, Malaysia, Philippines, Myanmar, Indonesia Can Comply With The Bangladesh Economic Rise Model

To counteract this imbalance, a policy of industrialization was adopted in the mid-20th century. For the duration of the period of Pakistani administration (1947–71), priority was offered to industries based on indigenous raw components such as jute, cotton, hides, and skins. The principle of absolutely free enterprise in the private sector was accepted, topic to specific situations, like the national ownership of public utilities. The industrial policy also aimed to develop the production of customer goods as speedily as probable in order to keep away from dependence on imports. Knowledge about this facts will assistance policy makers have an understanding...