Abstract: The trajectory of economic development of Bangladesh, a unique story since the 1990s when democracy, as well as principles of welfare political economy was introduced, and the present unthinkable economic advancement of it have introduced the country as a role model of development before the world community. Using the spirit of the liberation war of 1971 and the working force of the youth are accelerating tremendously not only the economic growth of Bangladesh but the economic development as well. At the same time, some terrifying things are being introduced as threats to the sustainable economic advancement of Bangladesh. It is high time the political economists thought about this concerning issue. This study sheds light on the background of Bangladesh’s economy, some notable aspects of its economic progress, prospects, and drawbacks of sustainability of the country’s economic development with some suggestions to resolve the challenges.
Keywords: Political economy of Bangladesh, Sustainable development, Challenges of Bangladesh economy, COVID-19, Economic recession, Money laundering, National security