Ever since Kissinger branded Bangladesh a basket case, development aid and its practitioners have flocked here as it became a testing ground for fine-tuning development models and practices. Bangladesh is now among the fastest growing economies, thanks to its thriving businesses and many trade agreements. However, it faces multiple challenges on the road to transitioning to a lower middle-income country, including no longer having LDC benefits. First off, it has a poor record of attracting FDIs, has highly concentrated exports and suffers weak competitiveness because of corruption and poor physical and social infrastructure.