Bangladesh is at a crucial stage in its development path, aiming to take advantage of its young population and boost growth that includes everyone. A compelling model to consider is China’s transformation over recent decades, achieved through strategic investments in education, technology, and infrastructure. A recent visit to China highlighted several key areas where Bangladesh can draw inspiration. China’s emphasis on education, particularly in science, technology, engineering, and mathematics (STEM), has been instrumental in its progress. From primary schools to postgraduate research institutes, China has integrated innovation, experimentation, and industry relevance into its academic culture. At a university in Guangzhou, students were observed not only attending lectures but also actively engaging in state-of-the-art labs, collaborating with companies on research, and even launching startups directly from the campus. This model blends theory with practice, fostering an environment where education directly contributes to economic development. In contrast, many universities in Bangladesh continue to operate in isolation, with curricula that are often outdated and faculty members who may lack exposure to global developments. There is limited interaction between academia and industry, hindering the potential for innovation and practical application of knowledge. To emulate China’s success, Bangladesh must reform its educational system to foster collaboration between universities and industries, ensuring that students are equipped with relevant skills and experiences. Furthermore, China’s approach to infrastructure development has played a crucial role in its economic growth. The country has invested heavily in modernizing its infrastructure, including transportation, energy, and communication networks. These investments have facilitated efficient movement of goods and people, reduced costs, and attracted foreign investment. Bangladesh, with its growing population and urbanization, faces similar challenges. By prioritizing infrastructure development, Bangladesh can improve connectivity, enhance productivity, and create a conducive environment for economic activities. Additionally, China’s focus on technology and innovation has been central to its rise. The country has established numerous innovation hubs and technology parks, providing startups with access to capital, mentorship, and resources. This ecosystem has nurtured a vibrant entrepreneurial culture, leading to the emergence of global tech giants. Young entrepreneurs in Bangladesh may gain from support systems like innovation hubs and a startup bridge between Bangladesh and China, which can provide them with necessary access to funding, advice, and valuable networking opportunities for their development. In conclusion, Bangladesh can draw valuable lessons from China’s rise by investing in education reform, infrastructure development, and fostering a culture of innovation. By adapting these strategies to its unique context, Bangladesh can pave the way for sustainable and inclusive growth in the coming decades.
