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WEKU
WEKU
World
Lauren Frayer

How Bangladesh went from an economic miracle to needing IMF help

Women manufacture clothes in Dhaka, Bangladesh on Aug. 29. The ready-made garment (RMG) industry in Bangladesh is now a mainstay of the country's economy. Today, Bangladesh is one of the world's largest garment exporters, with the sector accounting for more than 80% percent of Bangladesh's exports. (Mustasinur Rahman Alvi/Eyepix Group/Future Publishing/Getty Images)

MUMBAI — It was a rags to (relative) riches story.

In 50 years, Bangladesh went from what U.S. diplomats once called a "basket case" to what the World Bank now calls "an inspiring story of growth." Its garment factories helped pull millions out of poverty, especially first-time female workers.

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