Inclusive Tourism Development: Balancing Foreign Investment, Local Industry, and the Middle Class
The Bangladeshi government’s stated intent to attract large foreign developers such as Emaar Properties to build international-standard tourism infrastructure reflects an ambition to dramatically upscale the sector’s contribution to GDP, from the current 2–3 percent to a targeted 6–7 percent. From a macroeconomic perspective, this aligns with growth-oriented development policy: tourism is labour-intensive, foreign-exchange earning,…
