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In fact, the ASEAN countries have more "look West" policies than anyone else. Only in the sub-continent can one get away with such a myopic terminology as "look east."
What can they do bhai.
From Bangladesh, looking West is looking at India, from where no developmental help is going to come. Plus Bangladesh' relationship is at a pretty low level right now with Modi govt.
In fact most of India itself (North and North-East India) is in equal or rather worse situation than Bangladesh is. They have little industrial infra and China-hate, red tape and baboo-dom means these are not places ASEAN countries will invest anytime soon.
ASEAN Plus Three countries (like China, Taiwan, Korea, Japan) were (and still are) in a far better financial situation to invest in a semi-skilled country like Bangladesh.
Though there has been some higher value addition skilled industries in Bangladesh (like freelancing and backoffice) - most of the country's labor pool is largely semi-skilled, who have wage demands much lower than these ASEAN countries.
Unlike India, Bangladesh is a bottom-up sort of economy. India is a back-office top-down economy which drives the other sectors.
This means only way Bangladesh will develop is by low wage workers adding value in massive numbers.
Some Asian countries have almost same low wages too like Bangladesh, but these (Vietnam, Cambodia. Myanmar) have their own issues.
Vietnam is rapidly moving upward in wages, going into electronics and auto manufacturing higher value addition. Vietnamese wages are going to exceed Chinese wages (or close) soon. Brother @Beijingwalker can maybe confirm. My Thanks in advance.
Cambodia's labor pool is almost gone, they have a limited supply of workers.
Myanmar is a cluster-f. And will remain so for a while.
The only choice is Bangladesh and Pakistan.




































