Powering up a Country into the Middle-Income Club

Abstract

AbstractIn this paper, we discuss the stylized facts of Bangladesh’s energy sector, critically review the different policies of the government for powering up the nation in the last 50 years, identify existing controversies and finally indicate potential pathways to ensure future energy security. The novelty of the papers is twofold: First, prior literature did not study the in-depth policy analysis of the Bangladesh energy sector. Second, this paper contributes to the existing literature by providing strategic policy suggestions to the Bangladesh government for formulating its own set of energy policies to achieve its vision for 2041 of becoming a high-income country, after having cleared the interim goal of becoming a middle-income country at its 50th anniversary of independence. The paper also provides insights for other developing countries aspiring to become middle-income countries.