The Economist team have published a compelling article on Bangladesh and development (the Economist, 3-9 November 2012, pp. 23-25), that stresses the relative independence between development and economic growth. Most of all, that article underlines the impressive role that civil society, and in particular the Bangladeshi NGO BRAC, has had on improving the lives of ordinary Bangladeshis, especially that of the poorest, and of women.
In a background of welfare cuts accross Europe but especially among Southern European countries, the example of Bangladesh might be a good reminder of the importance that investing in curtailing poverty, in promoting the integration of women and of socially vulnerable groups, in other words, in the European social model, has for prosperity. Or is it not a postponed prosperity that we are pursuing, by recommending and implementing cuts?