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Bangladesh Is A Developing Country

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Bangladesh, officially known as the ‘People's Republic of Bangladesh’ worldwide, is a country in South Asia. It shares land borders with India and Myanmar. Bangladesh is the world's eighth most populous country with a population of 163 million (as of the year 2016) in a total area of 147, 570 square kilometers. Dhaka has been the capital city of Bangladesh since the country achieved independence in the year 1971. Bangladesh has a market-based mixed economy, is one of the Next Eleven emerging markets. Its per-capita income was US$ 1,190 in the year 2014, with a GDP of $209 billion (bdnews24.com, 21 May 2014). Bangladesh has the third-largest South Asian economy (after India and Pakistan) and the second-highest foreign-exchange reserves (after India). The Bangladeshi diaspora contributed $15.31 billion in remittances in the year 2015 (The Daily Star, 3 July 2015). Although Bangladesh is a developing country, it is still sometimes regarded as a ‘poor country’ due to the rural cities which are experiencing overwhelming population growth and extreme poverty. This is, in part, of rural poverty which has led to the migration of poor people from rural to urban areas of Bangladesh in search of a better life, better job opportunities and better social services. Most of the rural migrants are fascinated by easiest ways of the urban sectors such as petty retail trade, transport, manufacturing, construction and domestic services. A greater proportion of rural migrants are engaged to

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