BD is not to become equal to Singapore in terms of its living standard. However, BD can become an industrial hub by taking advantage of its geopolitical location.
BD is surrounded by three large political units. China in the north, India in the West, and ASEAN in the East. This is why big powers are wooing BD to camp with them resulting in the development of its physical infrastructures.
Once, the infrastructure is developed to a certain level, many industrial countries will be bringing in investment (FDI) money to make use of the cheap labor costs in BD.
Japan wants many of its BD-produced industrial goods to be exported to African countries at a cheaper price. This will dislodge China partially from there. Made-in-BD goods are quite cheaper than made-in-Japan or made-in-China goods.
So, I expect many Japanese factories to build shops in BD. Many such investments will create many industrial jobs with people earning more money than they earn now in the low-wage textiles.
I believe this will cause the improvement of living standards in BD. Who really cares about the Singapore standard? We are a society based on rural traditions and Islamic values.
So, BD will have its own standard not to be compared with a Westernized society like Japan or Singapore.
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