UNRAVELING THE ECONOMIC DISPARITIES AND SIMILARITIES: THE CASE OF CANADA AND BANGLADESH

This paper explores the economic development of Canada and Bangladesh following their independence from the British Rule in 1982 and 1971, respectively. It dwells on various economic indicators to identify the causes of the divergence in the growth rates of both nations. Finally, the Solow Growth model is used to get an in-depth understanding of the countries’ economic performances and determine their standard of living.