This book explores the diverse experience of Bangladesh's development over the last fifty years and provides systematic explanations of its success in socioeconomic development. It also assesses future trends on the basis of past experiences. It is widely acknowledged that Bangladesh provides one of the most striking examples in the study of present day development along with rapid growth and catching up. The analysis highlights the development traps that Bangladesh faced during its journey and the ones that may have to be faced in the coming decades in order to move towards prosperity. The book asserts that explaining Bangladesh's development is not for the simpleminded; any single mono-causal explanation for Bangladesh's development is bound to fall down in the face of reality. This book will be of interest to academics, students, policy makers and development practitioners especially in developing countries-in particular in South Asia and Bangladesh. Mustafa K. Mujeri is Executive Director at the Institute for Inclusive Finance and Development (InM), Dhaka, Bangladesh. Neaz Mujeri is Executive Director at the Centre for Research Initiatives (CRI), Dhaka, Bangladesh.